IoT Revolution – 2017 a year of changes
We continue to live in a very innovative period. Business that have the ability to offer, via strategic relationships, market disrupting features in fixed mobile and IT, and at the same time provide simplicity and transparency of cost with leading edge support to customers, will be those organisations which will succeed in 2017.
Converged communications is now a fully cemented solution to the SME market and thus organisations which are agile and have a portfolio of mobile, fixed, hosted telephony and internet cloud solutions will be leaving the laggards of pure play mobility behind.
Video and data messaging is becoming a increasingly important factor with Skype for Business, Google Hangouts, WhatsApp and Telegram becoming increasingly embedded in the business community.
However, The internet of Things (IoT) will create jobs that have never been seen before!!
According to Beecham Research the global IoT market hit $16 billion in 2016 and is forecast to 30% year on year for the next few years. IoT sims have a lifespan of 7-years, meaning they will last longer than devices they are embedded in.
By 2020 over 50 billion devices will be connected to the internet, with connected devices having the intelligence to know when something is going to break. With this intelligence being relayed we pre-emptively repair the problem and decrease downtime, which in turn will drive down costs.
Leveraging machine learning and cognitive computing with connected smart devices allows humans to interact with technology and their surroundings in ways which will drive innovation forward at an unprecedented pace.
Examples such as self-driving cars and delivery drones, as well as products that will increasingly make up smart homes, such as smart meters and other home automation products. As the gap narrows between the physical and digital world, the door opens wider for companies to explore new and innovative products and services both in the commercial and consumer sectors, which will ultimately enrich the way we interact with our world day to day.
Only those who can demonstrate innovation by developing solutions that complement IoT and machine learning will benefit, and 2017 will see a significant rise in the number initiatives being invested in.