3 Key Internet of Things trends to keep your eye on in 2017

3 Key Internet of Things trends to keep your eye on in 2017

3 Key Internet of Things trends to keep your eye on in 2017

If the Internet of Things (IoT) doesn’t prove the future is now, nothing does.
 
For now the industrial sector leads the development of IoT solutions. Many promising use cases in business are coming to light.

But consumers are also discovering its benefits. Platforms and devices designed for the home are making sure of this.
 
The interworking of machines and devices that exchange data is reshaping the world as we know it. Here are three of the most important trends shaping in 2017.
1. IoT Analytics
Millions of interconnected devices generate data 24/7. Analysis reveals new, interesting patterns with infinite applications for consumers and businesses.
IDC estimates 80 billion devices will be connected to the internet by 2025. Compared to 11 billion in 2016 and 30 billion in 2020, this represents a 300% growth every five years.
As for data volume, expansion will be even faster. In 2015 all the data created on Earth reached some 16 zettabytes. This number will skyrocket to 163 zettabytes in 2025 and 20% will come from interconnected devices.
Many companies al already looking for ways to analyze all this information. These insights will help improve business models and design better consumer experiences.
There is a huge opportunity lurking here: Applications will generate an $11 trillion impact by 2025 according to McKinsey.
2. Smarter Cities 
The United Nations has said 54% of the world population lives in cities, and will grow to 66% by 2050.
Cities with more than 10 million people will grow from 28 in 2014 to 41 in 2030. This means urban dwellers will increase by over 2.5 billion people.
Many cities are trying Internet of Things solutions to accommodate this growth. Improving infrastructure, utilities and public services, among other aspects, is the start. 
Paris launched the Autolib program. This smart car-sharing software has built-in GPS tracking and parking space booking. It was such a technical and commercial success other cities in France and abroad are copying it.
Copenhagen is another example. Bicycles outnumber cars so it’s using sensors to track bike traffic and improve paths. In real time.
The Internet of Things is far from being another layer of technology in urban life. It’s the key to solve everyday challenges like traffic congestion and security.
This means managing a huge amount of data. That’s why many are watching the evolution of fog or edge computing services. This is the part of the network between devices (where data originates) and the cloud.
3. Massification of Voice-Activated Devices
Voice-activated devices are taking the consumer IoT market by storm. These gadgets control almost everything in your home without pushing a single button. Amazon Echo and Microsoft’s Cortana virtual assistant are great examples of this technology.
And now it’s coming to cars. The Cortana-BMW demo in the CES fair in Las Vegas was one of this year’s most exciting news. Soon drivers will search online or book appointments without letting go the wheel.

IoT represents the next level of automation in our everyday lives, but we still have a long way to go.
 
The technology is still in its infancy. And there are several connectivity and user-experience limitations to overcome. But given the speed with which new solutions appear in the market, it’s likely this won’t take too long.
 
Has any other IoT trend caught your attention? Share them in the comments section!

Nicolas Poggi

Nicolas Poggi

Nicolas Poggi is a technology and contemporary culture journalist and author with +5 years of experience in multimedia journalism. He was head of indie coverage at TheGameFanatics, host and interviewer at IndieAir, and currently develops his career as a creative writer at Prey, where he curates the brand's voice and covers the ITSec scene.