Frost & Sullivan’s top IoT predictions for 2017
Several vertical industries and enterprises are already taking advantage of the internet of things ecosystem, which is experiencing a rapid evolution. Research firm Frost & Sullivan has made a number of IoT predictions that are taking shape in 2017.
“The internet of things is already having a major impact on businesses, governments and consumers. Every person globally will be impacted by the internet of things. Its emergence will disrupt traditional business models across all industries,” Dilip Sarangan, Global Research Director, IoT & Digital Transformation at Frost & Sullivan, said during a presentation at the Enterprise IoT Summit, which took place in Austin, Texas, earlier this year.
The executive also said that in order to survive in this new scenario, companies must define their digital strategies and be cognizant of how IoT can help them to gain a competitive edge.”
Frost and Sullivan’s top predictions for IoT in 2017 are:
-IoT evolves to use of sentient tools. “In 2017, we will finally see the control evolution of IoT from connecting devices to use of cognitive or predictive computing.”
-“Cognitive is the new smart”. According to Frost & Sullivan, IoT is rapidly moving towards the use of AI to transform smart devices into devices that react to changes in environment and react accordingly without human intervention. “In 2017, we will finally see solutions deployed that will integrate applications with machine learning and AI to provide complete situation awareness, predictive and prescriptive capabilities to help organizations to realize the promised value of IoT solutions,” the analyst said.
– IoT platforms get commoditized. “Companies like AT&T, Cisco and Verizon that have their own IoT ecosystems will continue to provide their building blocks for the larger platform vendors and will begin the process of migration of their ecosystems into larger IoT ecosystems.”
-IoT is a national security hazard. According to the research firm, unsecure IoT devices and malware contribute towards making IoT a security hazard.