Global markets intelligence firm International Data Corporation (IDC) has, in its forecast on the Internet of Things (IoT), said the while today, over 50 per cent of IoT activity was centered around manufacturing, transportation, urban areas and consumer applications, in the next five years, all industries would have rolled out IoT initiatives.
IDC recently hosted the ‘IDC FutureScape: Worldwide Internet of Things 2015 Predictions Web’ conference. The presentation provided organisations with insight and perspective on long-term industry trends along with new themes on the horizon.
The Predictions Web conference series and accompanying IDC FutureScape reports are designed to help company leaders capitalise on emerging market opportunities and plan for future growth, explained IDC, in a statement.
So here are some of the predictions from the IDC FutureScape for IoT:
- IoT and the Cloud. Within the next five years, more than 90 per cent of all IoT data will be hosted on service provider platforms as cloud computing reduces the complexity of supporting IoT “Data Blending”.
- IoT and security. Within two years, 90 per cent of all IT networks will have an IoT-based security breach, although many will be considered “inconveniences.” Chief Information Security Officers (CISOs) will be forced to adopt new IoT policies.
- IoT at the edge. By 2018, 40 per cent of IoT-created data will be stored, processed, analyzed, and acted upon close to, or at the edge, of the network.
- IoT and network capacity. Within three years, 50 per cent of IT networks will transition from having excess capacity to handle the additional IoT devices to being network constrained with nearly 10 per cent of sites being overwhelmed.
- IoT and non-traditional infrastructure. By 2017, 90% of datacenter and enterprise systems management will rapidly adopt new business models to manage non-traditional infrastructure and BYOD device categories.
- IoT and the Smart City. Competing to build innovative and sustainable smart cities, local government will represent more than 25 per cent of all government external spending to deploy, manage, and realise the business value of the IoT by 2018.
- IoT and embedded systems. By 2018, 60 per cent of IT solutions originally developed as proprietary, closed-industry solutions will become open sourced allowing a rush of vertical-driven IoT markets to form.
- IoT and wearables. Within five years, 40 per cent of wearables will have evolved into a viable consumer mass market alternative to smartphones.
- IoT and millennials. By 2018, 16 per cent of the population will be Millennials and will be accelerating IoT adoption due to their reality of living in a connected world.
The Internet of Things will give IT managers a lot to think about, according to Vernon Turner, senior Vice President of Research. “Enterprises will have to address every IT discipline to effectively balance the deluge of data from devices that are to the corporate network. In addition, IoT will drive tough organisational structure changes in companies to allow innovation to be transparent to everyone, while creating new competitive business models and products.”
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Image Credit: IDC
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