Beginning in 2017, the Internet of Things will be one of the major changes in the enterprise. Many companies have seen tremendous opportunities on the Internet of Things to enhance their relationship with customers by improving production quality and reliability, while reducing costs and unnecessary risks.
Companies can use the right IoT model to gain more new customers and better insights, and increase customer satisfaction.
Let us first explore what impact the Internet of Things will have on business and technology in 2017.
(1) Aggregation of the Internet of Things and blockchain
Blockchain is now more than just a concept, except for FinTech, which has applications in many areas, including the Internet of Things.
Many experts believe that blockchain technology is the key to solving the scalability, privacy and reliability of the Internet of Things. Blockchain technology can be used to track billions of connected devices and to handle processing and coordination between devices; for the IoT industry manufacturers, it can save costs. This decentralized approach eliminates single points of failure and creates a resilient ecosystem for device operation. The encryption algorithm used by the blockchain can make consumers' data more secure. In 2017, the Internet of Things will be integrated with blockchain technology to provide superior security to protect privacy. This opens the door to a new world for applications, hardware and talent.
(2) IoT devices and more DDoS attacks
Forrester believes that the recent DDoS attacks on 1,600 websites in the United States are just the tip of the iceberg. If more connected devices are involved, it will pose a threat to the world. The attack confirmed the vulnerability of IoT devices under the massive Distributed Denial of Service (DDoS) attack. In the US local time on October 21, 2016, many server ports were created, such as Twitter, NetFlix, The New York Times (NYTImes) and PayPal. The attack was huge, including hundreds of websites and malware, of which Dyn was the main victim. "This source is mainly a device infected by the Mirai botnet." All indications are that countless IoT devices, such as cameras and smart homes, can be hijacked by malware to attack servers.
(3) Internet of Things and many mobile devices
The Internet of Things is creating new opportunities for companies in current and emerging markets to increase their competitive advantage. It touches all areas – not just data, but also the way, time and place to collect data. Creating Internet of Things technology is not just about changing the Internet, it is about changing things that connect to the Internet. More mobile devices will emerge, from home appliances to cars, smart watches and virtual assistants. All of these connected devices will provide a rich stream of data that will connect the product to the consumer for interaction.
(4) Internet of Things, artificial intelligence and software containers
Under the Internet of Things, artificial intelligence can help companies use billions of data points in truly meaningful places. The general premise is that it is consistent with the application - first review and analyze the data of your mobile phone, and find out the patterns and similarities that can be learned in order to make better decisions.
In 2017, you will see IoT software distributed across cloud services, edge devices and gateways. You'll also see an IoT solution built on microservices (Microservices, a program development method) and software container (lightweight virtualization) that works on distributed architectures. In addition, machine learning cloud services and artificial intelligence extract useful data on the Internet of Things.
(5) Internet of Things and connection technology
Can be via Wi-Fi, Bluetooth, low-power Wi-Fi, Wi-Max, Ethernet, LTE and the recently emerging technology Li-Fi (using light as the communication medium between different parts of a typical network including sensors) Different parts of the Internet of Things are connected to the sensor. In 2017, new wireless connectivity technologies will be tested, such as 3GPP, NB-IoT, LoRaWAN and Sigfox. It will force IoT decision makers to evaluate these 20 wireless connectivity protocols, all of which are a step toward establishing the right new connectivity standards.
(6) Internet of Things and talent shortage
The development of IoT projects, including smart cities and industrial facilities, will face a period of talent shortage. Even more troublesome is finding a sufficient number of people to secure the Internet of Things is a challenge. According to TEKsystems, 45% of IoT companies are looking for security professionals, and 30% say they have difficulty finding relevant digital marketers. In 2017, IoT companies will invest in training and certification institutions and become the mainstream trend in the technology industry.
(7) Internet of Things and new business models
There is currently no perfect Internet of Things business model, which has become a huge motivation for business investment and marketing, and of course it will become a bubble. This business model must meet all the requirements of e-commerce – vertical, horizontal and consumer. The new business model needs to meet the cost requirements of consumers to share equipment, reducing costs and making users more experienced. In 2017, you will see smart markets join new categories. A key point is bundled services, including services and products. For example, Alexa, a product of Amazon, is a normal wireless speaker without voice recognition, streaming music, and Uber service.
Future road
The Internet of Things is an increasingly complex ecosystem. The next generation of automation or new technologies in life will make the realization of the Internet of Things easier and more convenient. Correspondingly, we will improve every aspect of our home, work and life.
From the refrigerator to the parking lot to the smart home, the Internet of Things will bring more content to our digital life. In the near future, the Internet of Things will become a trillion-dollar industry. The closest thing to us is the IoT service technology, which is applied to create unlimited possibilities in life. But to realize this dream is still a long way, we need to overcome many obstacles to see the benefits of this technology.
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