December 4, 2014

The Internet of Things and Beyond

By Steve Prentice

Internet of Things and beyond…

According to IDC, the upcoming year is going to be a busy one for the Internet of Things, in many cases filling and stretching the systems that have just started delivering its varied services to industry and consumers alike.

Presenting at their recent IDC FutureScape: Worldwide Internet of Things 2015 Predictions Web conference, the future of this collective technology includes:

  • More than 90% of all IoT data will be hosted on service provider platforms;
  • 90% of all IT networks will have an IoT-based security breach forcing the development of new IoT-related security policies;
  • Within three years, 50% of IT networks will shift from having excess capacity to being constrained, with nearly 10% of sites being overwhelmed.
  • By 2017, 90% of datacenter and enterprise systems management will rapidly adopt new business models to manage non-traditional infrastructure and BYOD device categories.
  • Whereas today, over 50% of IoT activity is centered in manufacturing, transportation, smart city, and consumer applications, in five years all industries will have rolled out IoT initiatives.
  • To help build smart, competitive cities, local government will represent more than 25% of all government external spending to deploy, manage, and realize the business value of the IoT by 2018.
  • Within five years, 40% of wearables will have evolved into a viable consumer mass-market alternative to smartphones.
  • By 2018, 16% of the population will be Millennials and will be accelerating IoT adoption due to their reality of living in a connected world.

IDC is only one of many high-tech frontrunners looking into their crystal ball. A recent article in Forbes, for example, highlighted that thanks to Moore’s Law, there is a critical mass of IoT activity now happening, including an ever-increasing number of devices making the connection, mostly from non-hub items such as sensor nodes and accessories. Homes, cars, smart meters, consumer electronics, light bulbs, clothing and driverless cars will all hop on board in the next five years, and organizations such as Gartner, IDC and Cisco see the revenue from this revolution to be in the trillions of dollars.

According to Forbes writer Gil Press, Fairchild Semiconductor VP Janus Bryzek, also known as the father of sensorsthinks there are multiple factors accelerating the surge” such as “the new version of the Internet Protocol, IPv6, enabling almost unlimited number of devices connected to networks.’” Also, the fact that “four major network providers—Cisco, IBM, GE and Amazon”—have decided to support IoT, thus facilitating dramatic simplification and cost reduction for network connectivity.”

Although progress is a constant for people generally, Bryzek suggests “This is the largest growth in the history of humans.

By Steve Prentice

Steve Prentice

Steve Prentice is a project manager, writer, speaker and expert on productivity in the workplace, specifically the juncture where people and technology intersect. He is a senior writer for CloudTweaks.
Cloud Computing Humor
Arman Borghem

Exploring Digital Sovereignty with Arman Borghem: A Dive into Privacy and Compliance

Exploring Digital Sovereignty with Arman Borghem Welcome to today’s enlightening conversation on digital sovereignty and [...]
Read more
Bright Data

10 Leading Proxy Services: Enhancing Your Online Security and Privacy

10 Leading Proxy Services In the realm of digital technology, proxies emerge as critical tools, [...]
Read more
Gary Bernstein

The AI Vanguard: MixMode’s 2024 Insight into Cybersecurity’s New Era

Insight into Cybersecurity’s New Era As we enter into 2024, the adoption of AI in [...]
Read more
Bill Britton

Pioneering Cybersecurity Education: An Interview with Cal Poly’s CIO Bill Britton

Interview with Cal Poly’s CIO Bill Britton Welcome to CloudTweaks, where today we’re diving into [...]
Read more

SIEM Tools: Cloud-Based vs. On-Premises

What Are SIEM Tools? SIEM tools are designed to help security professionals identify, track, and [...]
Read more
Vulnerabilities

Flashpoint’s Cyber Threat Intelligence Index Edition

Cyber Threat Intelligence In an era of rapid digital transformation, we have witnessed a concerning [...]
Read more

SPONSOR PARTNER

Unlock the power of Google Cloud with a $350 signup credit. Experience enhanced scalability, security, and innovation for your projects today!
© 2024 CloudTweaks. All rights reserved.