Thinkers360 2020 Predictions are member-sourced predictions from our opt-in B2B thought leader and influencer community with 15M+ followers on social media combined. The 2020 Predictions for IoT are part of a series intended to provide actionable insights for business and technology executives.
Having recently published our Top 20 Global Thought Leaders and Influencers on Internet of Things, we asked a selection of our Thinkers360 global influencers about their predictions for IoT in 2020. Here’s what they told us…
What are your predictions for the Internet of Things in 2020?
IoT is about way more than connecting “things”. In fact, it’s about people. And after years of hype, IoT is poised to fulfill its true promise: creating cleaner, safer cities, highly efficient factories and farms, agile enterprises, and more sustainable ecosystems. Especially as a confluence of emerging technologies edge closer to the near horizon. AI is becoming readily available in the cloud, sensors are cheap and reliable, blockchain’s promise is expanding, and next-gen network solutions — including 5G and WiFi 6 — will handle massive amounts of data, securely. By riding that wave of tech synergy, IoT will improve lives in ways we have barely begun to imagine.
– Kevin Delaney, Thought Leadership, Writer/editor/podcast producer at CISCO
In 2020, the IoT is going to be provoking new business models as companies provide their products as-a-service. Everything can be measured in devices, and companies are responding to this trend with new product as-a-service offerings. We’ll also be seeing analytics at the edge developing very quickly as companies strive to gain more value from real time data. Also, new IoT solutions built around 5G capabilities will accelerate as market potential opens up for IoT use cases in automotive, security, manufacturing, and communications.
– Ronald van Loon, Global Top 10 AI & IoT Influencer
In 2020, the top two IoT developments will be in the Transportation and Healthcare Industry verticals. The technologies will continue to improve exponentially. IoT will become intelligent with connected things numbers doubling. Autonomous Vehicles will make way for mobility-on-demand and transform the face of the transportation industry in the years to come. The Digitization of Healthcare is no longer a science-fiction, Robotics and Artificial Intelligence are transforming the unimaginable advancements in the Healthcare Industry. Besides, Smart Cities 2.0 has evolved beyond the connected infrastructure to engaging the citizens, governments, businesses and visitors to develop an intelligent ecosystem, better decision-making and seamless infrastructure. Overall a great year for the technological advancements which the industry has experienced since the past decade. Let us look forward to a terrific disruption in the coming year.
– Rajashree Rao, Head of Partnerships & Ecosystem (APAC) at R² Data Labs at Rolls-Royce
Leading companies will begin thinking beyond the IoT or any singular technology and focus more on tech convergence. IoT combined with artificial intelligence and blockchain, for example, can automate trust—ensuring data authenticity, verifying identities, and creating seamless multi-party transactions. This could be used with finished goods that are tagged with an IoT-based digital birth certificate, letting them automatically be tracked through the supply chain and throughout their entire lifecycle—for authenticity, billing, compliance, or other purposes. While it may sound obvious, the best advice is to get away from an IoT mindset. Instead, identify the pain points you want to fix and then determine the best technologies for the job.
– Scott Likens, Emerging Technology Leader, PwC
In 2020, Internet of Things Platforms will be more pervasive as the value created in connecting ecosystems can translate in a greater value to the whole value chain. More connected things, more data and more knowledge and capabilities will create positive network effects.
This is the foundation layer of the Internet of Everything that will grow in the next years as other Emerging Technologies will converge as drivers and enablers.
– Antonio Grasso, Founder & CEO at Digital Business Innovation Srl
Our market research indicates a growing need for improved IoT data management among enterprise and industrial industry verticals. This will manifest in the convergence of IoT with machine learning and other AI tools to form Artificial Intelligence of Things (AIoT) solutions from vendors such as SAS. While currently more focused on consumer products, 2020 will be the year we begin to see AIoT solutions integrated with enterprise business processes. ROI will be driven by AI adding value to IoT through machine learning and improved decision making, and IoT adding value to AI through connectivity, signaling, and data exchange.
– Gerry Christensen, Founder, CEO, Mind Commerce
Data Privacy & IoT Security by Design will dominate boardroom & business meetings. The General Data Protection Regulation (GDPR) will redefine CxO roles
Data collection from IoT devices and analysis is core to IoT implementations. With increasing vulnerability of cyberattacks through IoT devices and EU GDPR in action, IoT security & data privacy are a prime concern, steering boardroom and client discussions. GDPR enforcement has implications not only on businesses operating in EU but outside too. In addition, GDPR is redefining the way business collects and manages data. In 2020, we will see how deeply its going to impact roles for key leaders in businesses, from CIOs to CMOs. With GDPR in full force, CIOs must ensure that they have watertight consent management processes in place. Similarly, CMOs would require effective data rights management systems to ensure they don’t lose their most valuable asset – data. A slip in handing data privacy would invite penalization so severe that it may force the business to shut down completely.
– Shweta Berry, Head of Strategic Alliances – Industry & Academia, Marcom and CSR at Aeris Communications India Pvt. Ltd
– Kayne McGladrey, Director of Security and IT at Pensar
The Fourth Industrial Revolution brings forth the convergence of many technologies such as Blockchain, Artificial Intelligence, Augmented Reality, Drones, 3D Printing, Robotics, and many others but the core and main fundamental technology will be the Internet of Things. Consumer IoT will become more pervasive since the smartphones will become the main IoT device each user holds.
– Dr. Mazlan Abbas, CEO at FAVORIOT
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