5 Most Credible Predictions About The Future Of IOT

In IOT

Internet of Things became the most promising technology of our time. Do you want a proof of this? Just search for Internet of Things in Google and you will have a whopping 280,000,000 results. With a vast network of devices ruling our life, the connected environment proposed and established by Internet of Things has become the key aspect to determine the future of technology as a whole. Naturally, to predict the future of IOT is bound to be challenging with so many promises on hold.

Here we have picked up 10 most credible predictions about the future of Internet of Things.

More Powerful IOT Platforms

IOT ready platforms are increasingly getting versatile with the capability to keep together various objects connected the way it was unthinkable earlier. At present there are mainly three categories of IOT platforms. First of all, there are platforms for low-level device control and device specific operations like intra device communications, device monitoring, device security, and updating firmware.  updates. Secondly, there are platforms for IoT data acquisition, IOT data transformation and IOT data management. Lastly, there are platforms for IoT app development, analytics and typical systems for connecting enterprise systems. In the time to come we can see more powerful platforms to emerge in all three categories mentioned here.

New IOT Ecosystems

New IOT Ecosystems

According to Gartner, with the proliferation of IoT devices a whole range of new IOT ecosystems are supposed to emerge. These new ecosystems will have battle over market share and accordingly major players may compete in respect of introducing new technologies. There will be several ecosystems for different environments like healthcare, home, manufacturing sector, smart cities, smart cars, etc.

Streaming

Real time access to IOT data and analysis is becoming a credible promise that to some extent few IOT devices already achieved. With the more powerful IOT platforms and unconstrained bandwidth, this real time edge of analytics is soon going to accompany most IOT devices.

Network Solutions Will Consume Less Power

Already the network solutions devised for local area network are proving their incredible worth for a whole range of sectors. If this trend continues in the short run we can see lot of devices to emerge with least bandwidth constraints and usage of power. With the fog computing already making it possible to access data locally, powerful network solutions will only give an overhaul boost to the performance of IOT in premises with critical performance demands.

Analytics

Analytics

It does not need to be an expert to predict that with the rapid growth of IoT more opportunities to implement sophisticated data analytics will emerge. As Gartner asserted rightly that the main currency of IOT is data, the rapid growth of IOT data will help boosting analytics to ensure data driven decision making at every step.

To conclude, we must say that the proliferation of IOT devices will add to the security challenges and privacy concerns more than ever. Data security will prove to be most challenging backbencher in the IOT landscape.

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