What can we expect from IoT for 2019
We’re one month into 2019. So, what can we expect from IoT for the rest of the year as 2019 plays out? One thing that is for certain is that IoT is not going away anytime soon. In fact, there are trends that continue to grow and supporting technologies that will continue to open up opportunities for IoT across many sectors.
Here are the six things we can expect from IoT for the remainder of 2019 (and beyond):
1. Growth in IoT growth will continue to accelerate as devices proliferate and as new investments continue to fuel growth
This isn’t unexpected, as pundits have been touting IoT for years and continue to do so. IDC expects IoT investment to exceed $1 trillion by 2020. Gartner predicts the number of connected devices to reach 14.2 billion in 2019, and then grow to 25 billion by 2021. And device growth is just the tip of the iceberg. As processes formerly run by humans shift to automated IoT equipment running on unique algorithms, IT staff will need to become much more knowledgeable in new areas such as data ownership, regulatory compliance, privacy, and algorithmic bias.
2. IoT security will continue to play a major role
Wireless IoT devices can introduce vulnerabilities into a network which, in turn, can lead to cyber attacks form external hackers. With the proliferation of IoT devices, a company’s IT staff needs to be prepared to safeguard their system, and their data, in order to prevent malicious and potentially destructive intrusions. It will also be important for companies considering an IoT strategy to partner with device suppliers for an integrated approach to security. Maintaining a closed network helps secure from unauthorized usage as do stringent safeguards introduced into devices by suppliers. For example, authenticating data packets at each layer and encrypting information helps ensure protection from outside intrusion or hackers. In addition, infrastructure for the edge will be increasing designed to be more physically robust and secure.
3. Introduction of 5G networks in 2019 will support IoT performance
Deployment of 5G networks in 2019 will not only produce faster speed but will also reduce latency. With latency dropping into the milliseconds, many IoT applications will benefit – especially those tied to new technologies such as virtual and augmented reality, AI, robotics and automation and machine learning. This will be especially true in medical technology where lower latencies and calculations performed close to devices will allow technicians to perform diagnoses in near real-time where every second counts. Similar benefits will be realized in law enforcement as IoT-connected body wearables will be able to collect, analyze and transmit data at unprecedented speeds and with minimal lag. But the benefits of 5G will affect many applications –even in the industrial space where faster speed and lower latency will allow end users to respond more quickly to events or incidents such as those triggered by a vibration sensor on a fuel pump.
4. The connected vehicle will increasingly become an IoT focal point
While truly autonomous vehicles are years away, diagnosing the health of a vehicle through connected apps will continue to gain traction in IoT. The heart of a connected vehicle starts with IoT – from monitoring tire pressure and oil levels to informing fleet managers about idle time to alerting operations about engine problems for preventive maintenance. But it won’t stop there. IoT advancements will touch everything from traffic to weather and even to infotainment.
5. Pervasive IoT adoption will take time
The benefits of IoT are well documented, including many listed here. But, as with any new technology, adoption takes time. Analyst projections about the billions of IoT devices expected to come on line will be tempered by reality. New systems take time, resources, and budgets. In addition, companies need to retrain staff, or perhaps to hire IoT experts, to manage these systems. Companies will need to ramp up with workers who have experience in IoT equipment, applications, and technology utilization. Professionals with expertise in big data and cyber security experts will particularly be in high demand. All this takes time. IoT will take hold, but timing may prove longer than projected.
If you want to learn more about the SmartHAWK® line of wireless industrial sensors from TDG Technologies, products and other information can be found at www.tdgtechnologies.com. TDG Technologies can also be reached by calling (760) 466-1040.