The beginning of a new year is often the time to share predictions for what’s coming next in IOT! Of the many we’ve read we liked the one provided by Software AG, – a company offering end-to-end Digital Business Platform, based on open standards – based on its expertise, customer insights, and market observations.
Bart Schouw, Internet of Things Solutions Director at Software AG observed: “There is a lot of buzz around the Internet of Things and especially increased device-to-device communication. Much of this mobile, virtual and instantaneous connectivity is built on seamless integration, cloud computing and networks of data-gathering sensors—building new ‘Smart Things.’ And all of this is going to make our lives easier and more efficient.”
The future of IOT according to Software AG
Things have Changed
“Smart Things” have their own needs – drones need landing areas and docking stations for recharging, robots want their own elevators – and architects are realizing that buildings have to accommodate them. Whereas they do not yet fully understand the implications, once they do we will see substantial changes to the layouts of buildings. Architects will turn to hardware and software vendors to gain a better understanding. Form follows function becomes form follows digital functions.
The Year of the Chatbot
Artificial Intelligence capabilities are moving fast and chat engines will not only answer requests, but will engage conversation in your language of choice, withstanding the Turing test for a minute or longer. Banks, retailers and other industries will use this to facilitate omni-channel as AI Chatbot engines become part of the interaction in every channel, driving and enhancing the customer experience. Support organizations will embrace Chatbots to solve simple service requests in a cost-effective way.
Living on the Edge
The transition to Edge Computing begins in earnest as organizations move critical analytics off of the cloud and closer to devices. In remote areas, or in smart factories with lots of IoT-enabled devices, the dependency on the analytics is so critical that even short disconnects to the Internet can be disastrous. Moving part of the IoT stack from the cloud onto gateways will be the way forward.
Brush your teeth
Insurance companies will start monitoring their customers’ smart devices, where the end behavior might influence the price of the insurance premium. Devices such as connected toothbrushes can initiate healthier habits through direct feedback, saving on your insurance bills. Smart home devices will report whether your home is locked securely at night; if not, your premium might rise. Insurance is a prime example where more and more companies feel confident enough to explore new business models: pay-per-use, pay-per-insight and pay-for-features will be gaining mindshare.
Like the 1966 sci-fi movie Fantastic Voyage, where a submarine with a small crew is shrunken to microscopic size and injected into the bloodstream of a dying man, we will see more and more experiments where IoT is entering the body. Medical IoT implants can manage pain, or even decode signals from the brain and relay them to other parts of the body possibly curing paralysis.
Pokémon Go Further
Pokémon Go was a big hit in 2016 and next year we will see more augmented games hitting the market. Future games will embrace dynamic locations, and smart objects will be able to alter the interaction with your game directly. Surroundings will become more responsive and interactive, laying the artificial world on top of the physical world.
Bart Schouw concluded: “Of all the technology trends that are taking place today, perhaps the biggest one is the Internet of Things. The principal benefit will not be in cost savings (although there are cost-saving to be had), but rather in how smart we make our ‘Things’ because these innovative ‘Smart Things’ will be the foundation for crafting new products and services.”
Actionable Things point of view
Well, we don’t really know if the word prediction is really appropriate in that case but it’s definitely a point of view that we agree with. Of course “Things have changed” and will continue to change. Connected “stuff” will become the norm, from domestic appliances to things as simple as a light bulbs. The real Home automation that we’ve been waiting for so long will soon be a reality as more and more things will be able to “speak” together. And this time you will have nothing to do because it’s already started: your smartphone is one of the first bricks of this change. You probably already use it to stream music to your home speakers or video to you TV. Some may us it to monitor themselves or turn on the light at home while others like to use it to keep an eye on their house during holidays or turn on the thermostats to enjoy a warm house when coming back. Great steps are being made in that way with big companies like Amazon, Google or Apple are already trying to take the lead.
AI and Big Data will have a great part to play. The things will not only get connected they will also become smart. To interact with us they will need to know us probably better that we do, and there is no doubt that there is something a little scary about it. But if we look at the bright side of this upcoming journey there also will be great benefice. Most of this things aiming to make our lives easier, save time and even to cure us before we even get sick. Health is definitely an area where IOT with going to make a tremendous change.
Networks will also have a great role to play in this IOT revolution. To make all of this possible, things will have to communicate with each other. New protocols are already emerging and some of them are already being massively adopted.
Connected things will also be able to upgrade us. And one of these upgrades will be in front of our eyes as Augmented Reality (AR) and Virtual Reality (VR) will improve and be adopted in many products and services. It’s not going to be all about gaming, areas like product development, education or customer experience will change drastically with the adoption of these new technologies.
The least we can say is that IOT is going to lead innovation in the years to come. The last CES was a good demonstration that everybody wants to be part of it. Something easy to understand when analysts are already predicting revenue set to hit $3 trillion by 2025!
© ActionableThings 2017 - All rights reserved.
Thank you for reading ActionableThings.
Most read articles