(p123)
"Our physical world with devices is being reinvented every day with newer products that are getting very personalized, intelligent with unique features. It’s almost difficult to imagine life without today’s electronic devices, and for the younger generation, it’s always been a part of daily life.
Business Insider predicts that by 2021 the total business spending on IoT solutions will reach $6 trillion (6'000 mrd$)."
"IoT continues to expand into more verticals. In the healthcare industry, where the IoT market is growing, solutions
will include more IoT devices for workflow optimization, remote
monitoring and medication adherence. In retail, IoT devices will
continue to be used to offer customers new services, improve the
customer experience and penetrate new markets. Already in use are
smartphones for scanning barcodes (>> NFC) to get more information on a product,
but smart shelves (>> NFC) can detect when a store is low on inventory of
specific products. It’s not just the use of laptops and smartphones as
we have seen in the past, there will be a growth in the use of other
devices like smart door locks and smart household appliances."
"Though industry leaders are trying to develop specified standards and
get rid of fragmentation, it will still exist. There will be no clear
standards in the future of IoT as there will be more companies with
diversified protocols. Therefore, there will be no single,
inter-operable framework or consistent communication protocols for IoT
products and services in the near future.
Industry leaders like Qualcomm are taking the lead against fragmentation to provide an open standard through the Open Connectivity Foundation (OCF)."
"As
with most technology, security will be the major challenge that needs
to be addressed. Security needs to be implemented to prevent data
breaches. As the world becomes increasingly high-tech, devices are
easily targeted by cyber-criminals. Consumers not only have to worry about smartphones, other devices such
as baby monitors, cars with WiFi, wearables and medical devices can be
breached."
"Almost every industry will be affected by IoT, which means many companies will benefit from its rapid growth.
The largest IoT investments in 2017 according to the IDC are Manufacturing: $183 billion (mrd), Transportation: $85 billion (mrd), and Utilities: $66 billion (mrd). Consumer IoT purchases: $62 billion (mrd) comes in fourth, however, it is believed to grow to the third largest segment in 2021."
5 internet of things (IoT) trends 2017-19
http://iotworm.com/5-internet-things-iot-trends-2017-19/
(2: Smartphones)
"It is the Smartphone that brought IoT into the limelight in term of standard recognization. People unaware of the term ‘Internet of Things’ too are using Smartphone today. A Smartphone can be a key to unlock The Pandora Box. It can be used like a Magic Stick that could control the rest of IoT aspects or whatever is connected with it.
Maybe an App on Smartphone that is connected to other useful entities, such as the computer at workplace, personal car, the bread toaster, the entire home, you name it; everything can be remotely controlled by a Smartphone. Aren’t we already at the door of future?"
CISCO's prediction
120EN Seven trends in IoT that will define 2018 - and THIN's position
https://medium.com/@Unfoldlabs/seven-trends-in-iot-that-will-define-2018-2a47e763731c"Our physical world with devices is being reinvented every day with newer products that are getting very personalized, intelligent with unique features. It’s almost difficult to imagine life without today’s electronic devices, and for the younger generation, it’s always been a part of daily life.
Business Insider predicts that by 2021 the total business spending on IoT solutions will reach $6 trillion (6'000 mrd$)."
Trend 1 — More Devices and Many More Devices
Trend 2 — Mobile to IoT Device Connectivity
"We
are already connecting to IoT devices using smartphones to manage
thermostats, security cameras, and a number of home appliances. Though
web based management is important — mobile will become the de-facto
method for people to manage IoT devices. The benefits of mobile
applications include boosting customer engagement, reinforcing brands
through increased visibility, and streamlining communication."
Trend 3 — Fragmentation in Standards/Communication
Industry leaders like Qualcomm are taking the lead against fragmentation to provide an open standard through the Open Connectivity Foundation (OCF)."
Trend 4 — Security Challenges
Trend 5 — Hardware/Software Ecosystem
"The
leaders in the industry like Qualcomm and Intel will have an issue with
regarding profitability. Due to the lower barriers of entry for
hardware development (barriers may be higher than ever, too) — we will start to see many new chip manufacturers
(and especially chipless manufacturing!) entering the hardware ecosystem, thus placing more price pressure on the
larger players in the industry (has entered and placed)."
Trend 6 — Investments
"Almost every industry will be affected by IoT, which means many companies will benefit from its rapid growth.
The largest IoT investments in 2017 according to the IDC are Manufacturing: $183 billion (mrd), Transportation: $85 billion (mrd), and Utilities: $66 billion (mrd). Consumer IoT purchases: $62 billion (mrd) comes in fourth, however, it is believed to grow to the third largest segment in 2021."
Trend 7 — Big Data, Predictive Analytics & Artificial Intelligence
"Large corporations have been collecting information on customer
behavior. As IoT progresses, this huge amount of customer-related data,
including shopping habits and personal information, will translate to an
increased amount of unstructured data. The growing amount of
unstructured data will drive an abundance of opportunities for AI
support of data analytics solutions."
The Future of IoT in 2018 (and beyond)
"Digitally
connected devices are fast becoming a part of our everyday lives.
Although the adoption of IoT will be large, it will most likely be slow (??).
The primary reason for this is fragmentation and lack of
standardization, both issues that will continue to persist."
NFC will offer a circuitous route!
"We target 2020 to be the year where the IoT industry will flourish. We
will see an increase in not only IoT devices, but in IoT services and
ways to monetize data."
5 internet of things (IoT) trends 2017-19
http://iotworm.com/5-internet-things-iot-trends-2017-19/
(2: Smartphones)
"It is the Smartphone that brought IoT into the limelight in term of standard recognization. People unaware of the term ‘Internet of Things’ too are using Smartphone today. A Smartphone can be a key to unlock The Pandora Box. It can be used like a Magic Stick that could control the rest of IoT aspects or whatever is connected with it.
Maybe an App on Smartphone that is connected to other useful entities, such as the computer at workplace, personal car, the bread toaster, the entire home, you name it; everything can be remotely controlled by a Smartphone. Aren’t we already at the door of future?"
CISCO's prediction 
