IoT : Connecting the organization of Future

Brillio • December 27, 2019
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The Internet of Things (IoT) is one of the four technology superpowers (the other three being mobile, AI and Cloud) that is redefining the way the world operates—both, how people live their daily lives, and how businesses are getting transformed.

With the growing proliferation of connected devices and sensors we have entered an age where data analytics, connectivity and automation have become prevalent even in our daily lives. Be it GPS modules in our cars or smart bulbs in our home, we are surrounded by IoT devices. Organizations across industries are putting IoT to work in some shape or form. For example, the insurance industry is leveraging IoT for predicting and evaluating risk and expediting claims processes. And, the healthcare industry remotely monitoring patient health through IoT devices.

IDC predicts that by 2025 there will be 41.6 billion connected IoT devices, or “things,” generating 79.4 zettabytes (ZB) of data. If you consider the pace of disruption as a result of the growing scale of IoT, we can expect to soon move past smart homes and the connected appliances concept. As the interactions between machines and devices continue to grow without any human intervention, we will begin seeing the real value of the zetabytes of data generated, through better and faster decision-making, predictive analytics and automation.

As we enter into a new decade, here are some key trends in IoT that we at Brillio believe are shaping the future and making it lucrative for enterprises from across industries to adopt IoT at a rapid pace.

  1. 5G networks will widen the choice and availability of IoT:

2020 should witness a working model of the first customer-ready 5G network that would operate up to 20 times faster than current cellular data networks. The integration of 5G networks with IoT will enable smart enterprises to plan ahead, operate with extreme flexibility and accelerate the path towards an agile ecosystem. The exponential increase in connectivity that 5G delivers will not only link people more efficiently but will also lead to greater interconnectivity and control of machines, objects and devices.

With lower latency and affordable wireless connectivity, the interoperability between IoT devices will increase; resulting in more efficient and advanced functionalities such as remote health monitoring, track and trace across supply chain-logistics, enhanced security, remote investigation, vehicle automation and connected factory enabled by quality networks and sensors that securely transmit data.

  • Edge Computing will win the race:

Edge computing has been gaining popularity in recent years, and we expect that the growing scope of IoT technology will make it even more popular. IDC has predicted that by 2025, nearly 45% of the world’s data will move closer to the network edge.

With the world becoming increasingly data-driven, until now organizations have depended on IoT devices to store data on the cloud. Edge computing has played an important role in storing data on a local device near the IoT device, where it is needed the most. This locally stored data is sorted, filtered and processed before being uploaded to a centralized data center or the cloud. The decentralization of data will lead to less bandwidth consumption by IoT devices and enhance the ease of operation. This is going to attract more organizations to adapt edge computing in the coming years.

  • Blockchain – backbone for IoT:

With a large quantum of data, comes great responsibility. As all the devices in IoT setup are identified, connected and validated via centralized cloud servers, enterprises have to incur high maintenance and infrastructure cost which makes scalability a bit challenging. Also, cloud servers are highly vulnerable in nature and the failure at one point can affect the entire ecosystem.

But this drawback of IoT is now short-lived, as integration of blockchain technologies into IoT frameworks is gaining popularity. Blockchain being secure and decentralized, can do exactly what IoT requires. With decentralization in place, an organizations data storage needs and computation can be distributed across millions of IoT devices to mitigate the risk of a central failure impacting the whole network; and help IoT devices scale up efficiently.

  • Predictive maintenance – simplified!

There’s been a lot of talk on predictive maintenance for a while. We believe the time has now come predictive measures would be taken, even without human intervention. By improving the relevance and accuracy of data-driven insights, gathered through IoT sensors and devices, action will be taken as soon as any problem is witnessed. Manufacturers will now be able to take proactive measures to avoid any damages, by combining all the relevant operational data from the plant or line environment with business context data from the IT systems; thereby automating decision-making in the real-time.

  • AR/VR and IoT for a Phygital world:

With the rapid growth of AR/VR industry, predicted to be a $160 billion industry by 2023, we’re moving towards a phygital world (blend of the physical and the digital spaces). Many retailers have their eyes on the AR/VR unification with IoT to provide an immersive experience to their customers by improving their interaction with products and services through enriched visualization.

Another trend that we foresee is a full-fledged industrial transformation where visualization of data through AR/VR devices can happen in real time on increasingly powerful Internet-based broadband networks.

With industry estimates that the average person will own and use at least 15 connected devices by the year 2030 (that’s in addition to the public and industry use scenarios), in 2020 expect business and technology leaders to keenly watching the changes happening in IoT as these trends are going to shape the future of this disruptive technology superpower, and will lead to a transformational change in the way they do business.

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