IoT News Roundup: Where is IoT headed?
The holiday season is fast-approaching and it seems there’s always a never-ending list of tasks that need to be completed every year. Just like the holiday checklist, tech in the IoT space seems to be ever-changing and expanding. As tech leaders and innovators we understand that life is hectic and unpredictable, but to make sure you don’t miss a beat, check out this week’s line-up for news in the IoT industry. Previously, we explored “How IoT is Saving Lives” when two massive natural disasters struck the U.S. In this post, we’ll ask the question, what’s next for the world of IoT/IIoT? Take a look at some of the top stories from the past couple of weeks: Forrester predicts what’s next for IoT In this recent post from @NetworkWorld about Forrester Research’s predictions post, Fredric Paul, @TheFreditor, asks the question on many people’s minds: Where is IoT headed? Among many points Paul makes in his article, one points out how IoT is likely to become more specialized in the coming year, moving away from generic hardware and software into platforms designed for specific industries. So-called “design and operate scenarios” will let IoT developers focus on the attributes that matter most to their own industries and use cases. Smart networks must evolve for mission-critical environments From @embedded_comp, Michael Ulch explains how the IoT industry has been flooded with advances in smart home automation, self-monitoring appliances, and connected security systems. All of these facets are important for the IoT existence but Ulch asks the same question as other reporters: what is next for IoT? Ulch believes that some of the greatest potential of the IoT is in the industrial and manufacturing realm, where Industrial IoT (IIoT) has the promise to monitor systems for preventative maintenance and boost energy efficiency and workplace productivity. However, Ulch says, successfully scaling from the smart home to the smart factory will require overcoming a number of technical challenges. How manufacturers are benefitting from the IoT revolution In this @NetworkWorld article by Majid Ahmed, it’s made clear that few people stand to benefit more from the IoT revolution than today’s manufacturers. Ahmed states in his article that whether it’s harnessing the power of data and metadata to make wiser decisions, or developing new and more efficient technologies capable of saving energy cost, the IoT is fundamentally reshaping how manufacturers produce the goods we use in our everyday lives. Businesses not aware of IoT issues This article from @techradar by @maxcooter briefly starts off by referencing an article from January, 10 surprising trends in the IoT for 2017, then Cooter continues, stating that Cradlepoint survey finds lots of interest in technology deployment but lack of security awareness. Cooter points out that, from these findings, IoT-using companies should be prepared to have a thorough overhaul of its infrastructure before deploying the technology. Despite the serious concerns about security, most are not having a second thought about rolling out IoT. Will this security breach take down most companies? Time will tell. The Industrial Internet of Things is Here to Stay In this article from @cbronline (Computer Business Review), author David Stain discusses how manufacturers are welcoming in a new era of productivity by enhancing Industry 4.0. The IIoT is at the heart of this transformation. Stain explores how a company’s success is often linked to its efficiency, hence visibility, across the plant floor, and how extending into the supply chain is a necessity. To keep pace with this competitive environment and the ever-increasing customer demands, every stage of the manufacturing process is facing the digital revolution. Final Thoughts: Virtually all industries and workers are benefitting from the technological revolution brought about by the inception and ensuring growth of IoT. Every industry does need to be cautious of the security threats that IoT comes with. Knowing this, we will still continue to see the growth for IoT especially in the manufacturing and Industrial industries. Be sure to stay tuned to our blog for the latest industry news and to read more about our own insights into some of these major trends.
A Very Thankful Time of Year in IIoT
Thanksgiving is the time of year where we reflect on the accomplishments of the prior year and to be thankful for all that we have
IIoT Top News: Industrialized
As machines are increasingly connected to the internet, it’s becoming easier to discover the numerous ways Industrial IoT (IIoT) is helping to shape the business world. This is exactly why we have decided to take a closer look at this pervasive movement and to examine the desire to connect more things! Now if you need a refresher on IIoT and how it is changing the world, take a moment and listen to Greg Gorbach with ARC Advisory Group. Gorbach believes, “IIoT will significantly change the world. You won’t participate with conventional thinking and an incremental approach.” So, you understand some of the ways IIoT will vastly improve how businesses function. But did you realize IIoT is more than just connected devices and smart machines? George Deeb with Forbes reminds us that IIoT impacts manufacturing, energy, oil and gas, healthcare, IT and much more. Deeb reports that, “Gartner predicts the IoT industry to be $1.9TN in size by 2020, and McKinsey thinks it could be as large as $6.2TN by 2025, in terms of economic impact.” Are we ready for it? Although the industry has excepted the new buzzword “IIoT” we still need to make sure the equipment and software are able to interact together or we are just adding more problems to the mix. Maria Ferrante at Packing World informs us that, “The Industrial Internet of Things has moved into the pantheon of 21st-century packaging buzzwords alongside RFID and Sustainability.” Alright! So how is IIoT changing the oil and gas industry? The Oil and Gas industry has seen an increase demand for more of wireless cloud IIoT technology and M2M solutions as the price of a barrel of oil dips down to a new all time low. Live Mint reminds us that, “Oil and gas companies are increasingly leveraging cloud technologies to more rapidly unlock the value of other digital technologies—especially analytics, IoT and mobility.” That’s all for this week’s recap, but there’s more! Now that we are into the beginning of Spring, it’s important to see how some of the 2016 IIoT predictions are shaping up. In case you have any thoughts on our IIoT predictions for 2016 (or have any new predictions your own), it’s not too late to iterate on them into the comments section below!
