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IoT in 2018: Top 5 Predictions

internet of things in 2018
LPWAN IoT
Low power wide area network iot
December 13, 2017

by

Theresa Bui

The Internet of Things (IoT) is really heating up –and 2018 will bring even more transformation. From our vantage point as the global industry leader in IoT platform technology, here’s what we see as the five key areas to watch in the new year:

  1. There will be a battle over IoT data ownership
    In light of highly publicized security breaches throughout 2017, everyone is concerned about their data. And IoT is generating more data than ever before. In 2017, IoT and Big Data intersected in a big way to collect, analyze and make sense of IoT data. In 2018, the industry will move forward into a new era – one that requires figuring out who gets access to that data, how can it be used, and who owns it. With only 1% of IoT data actually being used today, it is now critical to determine which data is actually valuable and actionable to help drive meaningful results.
  2. Artificial intelligence and machine learning will help secure IoT
    IoT security incidents continue to increase. Rather than reacting to incidents after they happen, 2018 will be the year IoT businesses take a more proactive approach – thanks to artificial intelligence (AI) and machine learning. Combining IoT data with AI and machine learning technologies will enable companies to predict – and thus prevent – attacks before they happen.
  3. IoT interoperability finally becomes a reality
    Devices made by different manufacturers are finally integrating to work together, and device interoperability will become mainstream in 2018. This is finally happening because of the adoption of standards like the Open Connectivity Foundation for device-to-device interactions in smart home and enterprise, OPC UA in the industrial space, and OMA LwM2M for device management. These are being adopted in both applications and firmware so that these devices can speak a common language (or send and receive common data to each other). This drives an even greater need for IoT platforms that can apply policies and automate what actions are taken based on the data being shared.
  4. Low power wide area networks (LPWANs) will make IoT more accessible, but they need a business model
    In 2018, the availability of LPWANs will make the connectivity of simple devices (think smart parking meters and trash bins) far more affordable. Cost-efficiency will increase adoption, but this will create urgency around the need for a business model to make LPWANs profitable. Because low power devices typically use very little data, you’ll no longer want to charge based on the amount of data used per device. Instead, LPWANs will need to charge based on the business outcomes delivered, not the data used in delivering those results. 
  5. Transportation as a Service (TaaS) goes mainstream
    By the end of 2018, most major automotive companies will commit to a percentage of their fleets being used as part of a ride-sharing service. Some will invest in existing ride-sharing services, while others will introduce their own branded offerings. Likewise, bike-sharing services will explode globally in 2018 as multi-modal transportation (for example, taking a train to the city, riding a bike-share to your meeting destinations, then taking a ride-sharing service to the airport) becomes more convenient and cost effective. 

The rapid growth in IoT and evolving expectations are an important reminder that businesses need to be ready to tackle the challenges of delivering secure, reliable connected services, and gaining value from their IoT data. Having the right solutions in place – such as cost-efficiently automating IoT device connectivity with the Cisco Jasper Control Center platform and managing huge volumes of IoT data with the Cisco Kinetic platform – will be fundamental to delivering value-add connected services in 2018 and beyond.

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