Published on March 12th, 2019 | by Emergent Enterprise0
IoT 2020: Trends and Challenges
It may take a decade but the Internet of Things (if it’s called that) and edge computing will be as commonplace as smartphones. This post from technative.io talks about the rise of IoT and how it is impacting business. Like any fast moving technology, IoT is suffering from a lack of standards, common platforms and security hazards. But, more usage and continued innovation will solve these problems even though there will be speed bumps along the way.
The Internet of Things continues its brisk and steady rise, and many trends that started in previous years will continue or even accelerate for the foreseeable future
However, a recent McKinsey study, What separates leaders from laggards in the Internet of Things, found that only around one sixth of the world’s largest companies adopting IoT are seeing any kind of significant return on investment.
But it’s not all bad news. New trends and business models are emerging, and the way we plan, envision, and discuss the IoT will likely change in 2019.
More Human-IoT Interaction
Sensor data is a core component of IoT technology, but most sensors in use today monitor machinery or tech infrastructure. Throughout 2019, employees can be expected to interact more with IoT technology. Performance management software has long played a role in the workplace, and the IoT can enable more comprehensive data gathering and better analysis of employee performance. The year might also see increased discussion about what types of employee monitoring are optimal and ethical; is the added stress that comes with increased monitoring worth the analytics provided? Do employees perform better when not dealing with the anxiety of automated monitoring? And what factors can IoT technology even measure? Automated employee monitoring certainly has appeal for management, but it’s not clear what advantages and disadvantages the technology provides.
Artificial Intelligence Plays a Central Role
Perhaps the greatest impact the IoT has had on tech is how it changed our view of computing. Instead of thinking in terms of centralized servers, we’re now coming up with terms that better describe the distributed nature of modern tech infrastructure. Making the most of data, and even understanding on a basic level how modern infrastructure functions, requires computer assistance through artificial intelligence. The major cloud vendors, including Amazon, Microsoft, and Google, are increasingly looking to compete based on their AI capabilities. Large incumbent players and various startups hope to increase their market share thorough AI algorithms able to leverage machine learning and deep learning, allowing businesses to extract more value out of their ever-growing volumes of data. Before settling on cloud and IoT technology, companies need to determine what role AI will play.