Internet of things is considered as a third wave of internet helping to revolutionise the world. After several decades of improvements and developments in technology and revolutionising of the world, there have been several changes that have been deemed crucial for better services and improved products across the globe.
It is perceived that in the current generation, companies’ success is dependent on the internet of things to thrive. An overview description of internet of things describes it as a sole platform that connects devices like consumed services and products onto the network and revolutionises management making it highly efficient with expanded room for further developments. It is also considered that consumer demand is an aspect affecting internet of things adoption.
INTERNET OF THINGS TRENDS
Internet of things is mobilising followers in large numbers in its transformations. It helps in bringing about changes in the entire work process, helping in the productivity improvements, cost containment and also helps in the enhancement of user experiences.
Some of the recent trends in IoT are:
- APPLICATION PROGRAMMING INTERFACE (APIs)
It serves as a bridge where it connects useful information and plentiful of data to the IoT. Through the exposure of relevant data to connect devices, it forms a vital interface between the internet and things to actualize previously unseen forms.
Most individuals are highly sensitive when it comes to the issue of security and concerning their personal devices and information and data. This is achieved by all market players doing their part. To attain this level of security, a good system should be employed which can help attain the full potential of Internet of Things.
There have been some reforms that have been undertaken to attain maximum levels of security, and some of the concerned organisations helping in this are Industrial Internet Consortium (IIC) and IoT Security Foundation (IoTSF).
It is an area that received great attention in the previous year. Business goals are attained by giving them the right platforms with right elements. A reliable IoT platform should connect devices, have the ability to gather reliable data, and furthermore accommodate a number of users.
As an addition to the above, a good platform should also have the capability to handle millions of messages at an instance. This makes it an agent of transformation in the business sector.
- COGNITIVE COMPUTING
This is where the developed technologies around make the use of IP addresses to hover beyond connection and make it an intelligent feature. It helps different devices to be able to diagnose and adapt to their environment without, or minimal human interference. This has been made possible mainly through the use of sensors.
This feature can also handle large inputs and generate meaningful outputs. It has been able to keep up with the growing complexity of the Internet of Things by managing data.
CHALLENGES OF COMPANIES THAT FOCUS ON IoT
- SECURITY AND PRIVACY
There is a notable inadequacy of security of user data. It is a vital problem that is mainly affecting big scale levels. Different individuals, software and products also have a varying level of security needs.
Despite the cited case of insecurity, tremendous efforts have been made to curb this problem.
- INCONSISTENT STANDARDS
Product development has been quite rapid over the years, and there is a notable pattern in their variations.
To help curb this, solutions have also been developed to support new development like guidance from skilled individuals and solution integration.
- TECHNOLOGY CONSTRAINTS
This is where the developed products lack the efficiency or effectiveness required. It is not considered a problem among many users, but affects a number of individuals and has been solved through technology innovations in the IoT sector.
- The need to extract more value from each application.
TOP CONTENDERS FOR THE IoT PIE
There is high competition among companies and individuals but some of the top contenders to watch in the near future, or that have succeeded in recent past are mentioned below:
It is considered a part of the Industrial Internet of Things and is focused in implementing digital technology into the manufacturing sector.
It is a consulting company in Japan well known for helping companies apply IoT solutions in IoT spaces independently.
It is a well-known cable TV service provider and has developed a well-paying strategy to compete in the market.
It partnered with Twilio to make a cellular communication platform that could change IoT developed works.
Other companies that are succeeding are AT&T, Cisco (CSCO), IBM, Amazon, Skyworks, Apple, Google etc.
Internet of things
developments in technology
Industrial Internet Consortium
IoT Security Foundation
Industrial Internet of Things