IoT trends dominating 2018 – Part 1

IoT is shaping up to be a breakout year for IoT deployments as many organizations are incorporating IoT technologies into their products, processes and workflows. As per Gartner’s prediction, there will be nearly 20 billion devices connected to the IoT by 2020, and IoT product and service suppliers will generate more than $300 billion in revenue.

Everything connects

2018 is turning out to be more about consumer IoT than the industrial IoT. There are a lot of opportunities in the industrial internet space where connected devices and networks are taking advantage of real-time analytics, feedback and so on. Consumer-facing IoT is having a remarkable impact on the way we live, work, and communicate with each other and other devices. However, industrial IoT isn’t far behind. IoT technologies are rapidly accelerating the transformation of industrial factories into software-defined factories. IoT technologies are enabling automation, orchestration, and DevOps-style operations.

New data infrastructure

To gain actionable insights from the sensor data that is collected, new data infrastructure is being built. Companies are expanding rapidly due to technological advancements that have been made with sensors, leading to vast amounts of data that is produced when tracking things in real-time. To tackle this, companies are implementing technologies like machine learning and deep learning in order to effectively analyze the data and get actionable insight.