7 Internet of Things (IoT) Trends

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7 Internet of Things (IoT) Trends
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Heres a look

• IoT definitions
• Market Forecasts
• Potential standards and challenges facing CIOs
• Chief Data Officers (CDOs)
• Who hope to make business sense of data from all
  types of devices

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Internet of Things (IoT) Definition
The Internet of Things (IoT) involves embedded
computing devices interconnected with the
existing Internet infrastructure
Examples

• Built-in sensors
• Smart thermostats
• Home appliances that are networked for remote
  monitoring

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Gartner Predicts (IoT) will include 26 billion
units installed by 2020 Gartner Forecasts IoT
product and service suppliers will generate
incremental revenue exceeding 300 billion,
mostly in services
Internet of Things (IoT) Market Size
Cisco the Internet of Everything. There will
be more mobile devices and smartphones connected
than the total global population by 2015. Cisco
Forecasts By 2020, more than 5 billion people
will be connected, not to mention 50 billion
things.
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Internet of Things (IoT) Standards
Key IoT standards initiatives are underway at the
IEEE Standards Association (IEEE-SA)
For IoT to really thrive, vendors and customers
will need to embrace open standards that improve
device monitoring and management big data
information gathering and analytics and overall
network communications
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IoT Security Considerations
The increasing digitization and automation of the
multitudes of devices deployed across different
areas of modern urban environments are set to
create new security challenges to many industries
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IoT People Process Considerations
Significant security challenges will remain as
the big data created as a result of the
deployment of myriad devices will drastically
increase security complexity
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IoT Consumer Privacy Considerations
Smart Metering equipment and increasingly
digitized automobiles, there will be a vast
amount of data providing information on users
personal use of devices that, if not secured, can
give rise to breaches of privacy
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IoT Data Management Considerations
The impact of the IoT on storage is two-pronged
in types of data to be stored personal data
(Consumer-Driven) and big data (Enterprise-Driven)
. As apps and devices continue to learn about the
user, significant data will be generated
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Sources

• Cisco Systems
• GE
• Information-Management
• Gartner

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