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From Real-Time to the Edge: The Top IoT Trends for the Coming Year
From edge computing’s importance to elusive ROI, OSISoft takes a look at the top trends shaping the adoption of IoT in 2019. Why real-time data will rule, how industrial applications could drive market growth, and why the need for edge computing will become more urgent. IoT has come a long way in the past decade, but here’s what we can expect to see in 2019, from the team at OSISoft. 1. Industrial and commercial applications will drive the industry, not the consumer. Why? Industrial and commercial customers can monetize the benefits. Industry consumes more energy worldwide than consumers or transportation and the amounts they need to spend can be massive. Energy is often 30% or more of the operating expenses for a water utility—often, they are the largest power consumers in their area– and history shows you can cut that by 6 to 12% through some basic IoT monitoring. Reducing energy at an aluminum production facility by a single percentage point can mean $1 million or more in savings. Reducing your own power by 1% would only earn you a few dollars.
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