Many More Developers Needed for IoT

Jelani harper | March 1, 2016

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Matt Asay of Read Write reported, “It’s standard to size a market by the number of widgets sold, but in the Internet of Things, which numbers sensors and devices in the billions, widget counts don’t really matter. In part this is because the real money in IoT is not in the ‘things,’ but rather in the Internet-enabled services that stitch them together. More to the point, it’s because the size of the IoT market fundamentally depends on the number of developers creating value in it. While today there are just 300,000 developers contributing to the IoT, a new report from Vision Mobile projects a whopping 4.5 million developers by 2020, reflecting a 57% compound annual growth rate and a massive market opportunity.”

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OTHER ARTICLES

Role of IoT in HVAC

Article | February 17, 2020

Implementation of the “Internet of Things” in the modern world is gaining pace at breakneck speed. Society is moving away from standalone devices and entering the realm of inter-connectivity. With uses in different facets of life, such as personal gadgets, retail, electricity distribution and financial services, IoT is making its mark. One such application field of IoT is in Smart Homes, or more specifically in the Heating, Ventilation, and Air Conditioning industry (HVAC). According to a report by Zion Market Research, the global smart HVAC control market is expected to reach almost USD 28.3 billion by 2025 as compared to USD 8.3 billion in 2018. Amalgamation of the HVAC industry and IoT provides for vastly superior customer-centric services, enabling remote appliance control as a first step.

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From outside-in to inside-out: My take on IoT

Article | March 31, 2020

At IDC I co-founded a practice that studied the three dimensions of IoT: industry technology platforms, industry verticals and industry geographies. As an industry analyst, I had a front-row ticket to the IoT market and continually witnessed incredible innovations. Like many other experts, I kept my seatbelt buckled for what we expected to be IoT’s massive and dramatic take-off. While there has been uptake, real-world adoption and implementation have lagged the “hype.” In time, I found myself growing increasingly frustrated at the disconnect. What was the holdup? Knowing that industry analysts are beholden to the marketing messages that each company shares, I welcomed an opportunity to make the move from an outside-in analyst to an inside-out contributor.

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5 IoT Trends for Marketers to Watch in 2021

Article | January 29, 2021

The COVID-19 pandemic turned the tides towards remote work and virtual connectivity. And even though growth seemed to have slowed down in 2020, experts see double-digit growth in the next few years. The tides may be turning but virtual connectivity and the tools required for remote growth are not slowing down in demand. As the tech world adapts to new shifts, IoT is among one of the most anticipated technologies to prosper in 2021. Digital transformation has rapidly accelerated in the past year and if the experts are to be believed, 2021 shows promise for an even better year for technological advancement. According to IDC’s 2020-2024 forecast, spending will reach an annual growth rate of 11.3 percent. And with this, the number of connected devices is likely to grow up. Take a look at what will be the focus of IoT industry trends in 2021. Privacy & Security As smart homes are becoming the norm and you cannot throw a stone without hitting a smart device, one thing is clear—IoT devices are everywhere. People almost always forget smartphones when talking about IoT devices, but the fact is that smartphones are very much a part of the IoT ecosystem. And with the infusion of IoT in our everyday lives, questions about privacy and security are cropping up. Just recently, as WhatsApp announced its new privacy policy, millions of users planned to migrate to other alternatives. This led to WhatsApp pushing back its privacy update and tech businesses taking note of changing winds. In 2021, privacy and security will be at the forefront of IoT industry trends, as devices infuse further into the everyday lives of people. According to recent research, 90 percent of consumers lack confidence in IoT device security. And the onus of bolstering consumer confidence will be up to IoT businesses. Workforce Management According to Gartner’s “Top Strategic Technology Trends For 2021” report, IoT will be a large part of the office experience in 2021. As businesses are trying to avoid the losses that occurred in early 2020, workplaces are being geared up with RFID tags, sensors, and monitors to ensure social distancing measures, whether employees are wearing masks and overall health monitoring. Additionally, many organizations have decided to move permanently to a remote mode and will rely more on IoT devices for connectivity. So we can expect better automated scheduling and calendar tools, more interactive video conferencing, and virtual meeting technology. In the case of fieldwork, IoT will offer an added factor of monitoring behavior. Greener IoT Experts predict that energy will be a crucial factor in the IoT industry trends in 2021. With smart grids, metering, and restoration resilience being powered by IoT, 2021 will move towards optimized energy consumption and devices that are designed to encourage energy-friendly practices. What’s more? Smart engines and automobiles can be optimized to reduce their carbon footprint and become energy-friendly. As evidenced by the Paris summit and the wildfires in 2020, the world is becoming ecologically conscious. IoT devices in 2021 will focus heavily on reduced emissions, lowering air and ocean pollution, and minimizing power expenditure. Location Data As COVID-19 limited human interaction, location-based services soared during the pandemic. Businesses started leveraging location data to offer curbside pickup, virtual queues, and check-ins for reservations to enhance the customer experience during the pandemic. According to experts, the use of location data will continue to be crucial for customer service and convenience in 2021. As people prefer being safe even as the vaccines are being delivered, location data will allow businesses to cater to their customers without compromising on customer or employee safety. Digital twins IoT is being helmed as the perfect technology partner for creating digital twins in many industries. As IoT collects a large amount of data through physical devices, this data can be reinterpreted to create the perfect digital twins. Also, IoT can offer visibility into the full product life cycle and unfold deeper operational intelligence. Companies like Siemens are already leveraging technologies like AIoT to design and create digital twins for product design and production. Coupled with AI, IoT will be used more commonly for creating digital twins in 2021. A technology as dynamic as IoT can be leveraged for almost any application. Therefore, it may surprise us all in the way it progresses in 2021. However, experts believe that the above 5 IoT industry trends will rule 2021 for sure. Frequently Asked Questions What are the latest IoT industry trends? The use of IoT in Healthcare, Artificial Intelligence, workforce management, and ecological conservation can be deemed as some of the latest trends in IoT. What is the future scope of IoT? As experts believe there will be over 85 billion connected devices by the end of 2021, and the numbers are promising for upcoming years, we can safely say that the future of IoT is indeed bright. What industries are most likely to use the Internet of things technology? IoT is a dynamic technology with applications in almost every industry. However, industries like healthcare, construction, manufacturing, tech, and resource management are most like to use IoT right now. { "@context": "https://schema.org", "@type": "FAQPage", "mainEntity": [{ "@type": "Question", "name": "What are the latest IoT industry trends?", "acceptedAnswer": { "@type": "Answer", "text": "The use of IoT in Healthcare, Artificial Intelligence, workforce management, and ecological conservation can be deemed as some of the latest trends in IoT." } },{ "@type": "Question", "name": "What is the future scope of IoT?", "acceptedAnswer": { "@type": "Answer", "text": "As experts believe there will be over 85 billion connected devices by the end of 2021, and the numbers are promising for upcoming years, we can safely say that the future of IoT is indeed bright." } },{ "@type": "Question", "name": "What industries are most likely to use the Internet of things technology?", "acceptedAnswer": { "@type": "Answer", "text": "IoT is a dynamic technology with applications in almost every industry. 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WiFi for Enterprise IoT: Why You Shouldn’t Use It

Article | April 9, 2020

So you’re building an IoT solution and you’re ready to select your connectivity approach. Should you use Bluetooth? WiFi? LoRa? Cellular? Satellite? As I’ve explored in a previous post, the connectivity approach you choose ultimately comes down to the specific needs of your use case. Some use cases favor mobility and bandwidth, and power consumption doesn’t matter as much. Other use cases favor extensive battery life and broad coverage, and bandwidth doesn’t matter as much. In this post, I argue that for Enterprise IoT solutions, you shouldn’t use WiFi regardless of the use case. To build and implement a successful IoT solution, your connectivity needs to be reliable and consistent. When there’s an issue that needs troubleshooting, knowing that certain components of your IoT solution are reliable and consistent enables you to narrow your focus and address issues more effectively. There are many challenges in IoT, many of which stem from operational challenges and from having thousands of devices out in the real world where they’re subject to harsh, ever-changing environments.

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Spotlight

Elastic

Elastic is a search company. As the creators of the Elastic Stack (Elasticsearch, Kibana, Beats, and Logstash), Elastic builds self-managed and SaaS offerings that make data usable in real time and at scale for search, logging, security, and analytics use cases. Elastic's global community has more than 100,000 members across 45 countries. Since its initial release, Elastic's products have achieved more than 400 million cumulative downloads.

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