Beyond 2022: The Future of IoT Device Management

Abhinav Anand | May 17, 2022 | 204 views

Beyond_2022_The

Understanding the Impact of IoT Device Management

The Internet of Things (IoT) industry is growing exponentially, with the potential to become limitless. The current range of existing and potential Internet of Things devices is in itself quite enormous. This also gives businesses an opportunity to pay more attention to the newest technologies.
In ascenario with rapidly increasing numbers of devices, manual management of devices becomes close to impossible, laced with human errors. Moreover, keeping an eye on hundreds of devices one by one to make sure they work the way they should is not an easy task to undertake.

Businesses at the outset of IoT adoption are most often unaware of why they require a device management platform.This is precisely why a device management platform is so crucial.It can effectively connect toall of theconnected devices and get the required information from them in the right way.

An effective device management platform can turn out to be the vital aspect that will define the success of any small or large IoT implementation project. Such a platform would ideally allow organizations to manage their internet-connected devices remotely.

"If you think that the internet has changed your life, think again. The IoT is about to change it all over again!" — Brendan O'Brien, Chief Architect & Co-Founder, Aria Systems.


Why Do Organizations Need an IoT Device Management Platform?

An effective IoT device management platform offers simplified provisioning, centralized management, and real-time insights into all existing devices and integrations to help organizations stay on top of their deployment.

Device management platforms help you keep a check on the growing number of devices while keeping errors at bay, with your growing number of connected devices. It would ensure that you have a clear dashboard and an alerting system as an effective supporting system. In addition, getting involved with IoT device management platforms can also help you in a number of other ways.

  • It acceleratestime-to-market and helps reduce costs
  • The management platform enables secure device on and offboarding
  • It also streamlines network monitoring and troubleshooting
  • IoT simplifies deployment and management of downstream applications
  • It mitigates security risks


Evaluating the Future of IoT Device Management

It is predicted that the world will have more than 100 billion IoT-connected devices by 2050. The future potential of the IoT is limitless, and the potential is not about enabling billions of devices together but leveraging the enormous volumes of actionable data thatcan automate diverse business processes.


Critical Aspects of the IoT's Future

The critical aspects of IoT predictionsare fast impacting several categories all across the globe, ranging from consumer to industrial.


IoT Companies and a Circular Economy

IoT firms are assisting in the development of a future with less waste, more energy efficiency, and increased personal autonomy. A connected device system, on the other hand, must be feedback-rich and responsive, and activities must be linked via data in order to be sustainable. Ways to achieve a responsive and actionable system include:

  • Extending the use cycle with predictive maintenance.
  • Increasing utilization and reducing unplanned downtime.
  • Looping the asset for reuse, remanufacture, or recycle.


Common Billing and Revenue Challenges

We are currently moving toward a future where everything from cars to household machines and home security will be sold by manufacturers as subscription services. This will result in organizations selling IoT subscriptions looking for new ways to managebilling and revenue for their business model.

  • Service diversity
  • Data monetization
  • Complex stakeholder network
  • Cost management


Cohesive IoT Deployment Strategy for the C-suite

With the future of IoT on its way to becoming the most disruptive innovation and compelling technology that will facilitate better services to customers, from a support perspective, being connected remotely with customers' devices offers considerable advantages to service organizations. However, this is also not a new concept; earlier, large organizations and data storage companies were remotely connected to their client systems using dedicated telecommunications links before the commercialization of the internet.

Using the estimates of the exponential rise in connected devices, the IoT offers a wide array of opportunities to effectively improve the industry, such as:

  • Consumer activity tracking includes in-store applications that assess traffic flow and purchase choices.
  • Manufacturing, storage, distribution, and retail operations have been optimized to increase productivity and reduce waste.
  • Energy, inventory, and fleet assets are all used more efficiently.
  • Improved situational awareness, such as vehicle warning systems
  • Enhanced decision-making, such as medical equipment that notifies doctorswhen a patient's health changes.
  • Self-parking and self-driving automobiles are examples of autonomous systems.

An interesting case study with Michelin showed that they were adding sensors to tires to better understand wear over time. This data is important for clients to know when to rotate or replace tires which saves them money and enhances safety. However, this also implies Michelin can move away from selling tires and instead lease them. Because sensor data will teach the corporation how to maintain the tires, Michelin now has a new economic incentive to have tires last as long as feasible. IoT device management plays a crucial role in effectively accumulating and processing data from all the widely distributed IoT sensors.


Conclusion

As more sectors discover the advantages linked machines can bring to their operations, IoT enterprises have a bright future ahead of them. Newer services are steadily being pushed out on top of IoT infrastructure in industries ranging from healthcare to retail, telecommunications, and even finance. Due to increasing capacity and AI, service providers will move deeper into IT and web-scale industries, enabling whole new income streams as IoT device management platforms adapt to address these obstacles.


FAQ


Why Is Device Management Crucial for the IoT?

An IoT device management platform's features may help you save time and money and increase security while also providing the critical monitoring and management tools you need to keep your devices up-to-dateand optimized for your unique application requirements.


What Impact Will the IoT Have on the Management or Administration Sectors?

IoT technology allows for increased collaboration, but it will also free up your team's time from monotonous and isolating duties. For example, routine chores may be encoded into computers, freeing up time to concentrate on higher-order tasks.


What Are the Basic Requirements for IoT Device Management?

The four essential needs for IoT Device Management are as follows.

  • Authentication and provisioning
  • Configuration and Control.
  • Diagnostics and monitoring
  • Updating and maintaining software.

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