Five trends in IoT for 2017—and how you can profit
- Many IoT-based companies have already gone out of business due to buggy products and/or inadequate maintenance.
- Maintenance: “Things” break down, especially if they are not properly maintained.
- The author of the blog is Syed Zaeem Hosain, chief technical officer, Aeris
- IoT Now magazine covers worldwide developments in the Internet of Things (IoT), machine-to-machine communications, connected consumer devices, smart buildings and services.
- 45% of IT budgets will be dedicated to IoT by 2020, and 69% of enterprises (80% in manufacturing) intend on collecting user/customer data through smart devices vs. indirect and conventional means, says Syed Zaeem Hosain, chief technical officer, Aeris.
The Internet of Things (IoT) will continue its phenomenal growth into 2017 and beyond, however, what does that mean for your business? The overall hype wou
@evankirstel: Five trends in #IoT for 2017—and how you can profit @AerisM2M
The Internet of Things (IoT) will continue its phenomenal growth into 2017 and beyond, however, what does that mean for your business? The overall hype would make this seem like the gold rush days, but the reality is many companies have either failed or not achieved anticipated results.
The Google Nest is one example. That’s why it is important to understand the underlying trends driving this paradigm shift in 2017 and not become “another good idea that didn’t make it.”
According to studies by Machina Research and other research firms, the following five key trends are to watch for in 2017:
79% of manufacturers surveyed said predictive maintenance was their No. 1 reason for adopting IoT, and enterprises in all industries said maintenance via IoT offered the best opportunities for growth. Tesla is a prime example of this trend, as they easily (and cost effectively) remedy maintenance issues simply by pushing a software update to the affected cars.
What’s key to turning these trends into your competitive advantage is having the right foundation. You need an IoT infrastructure that’s reliable and easy to support, can instantly scale, makes maintenance both “boring” (no surprises) and cost effective, and can seamlessly coexist with your existing operations. Once in place, such a foundation empowers you to rapidly grow in any market without any drawbacks.
The author of this blog is Syed Zaeem Hosain, chief technical officer, Aeris
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