Everything talking to everything and everyone.
It’s been spoken about with great anticipation since the early 1990s, in a real sense, rather than a science fiction one. Finally we have reached a point where we are actually implementing the so-called “Internet of Things” (IoT).
In its simplest form, IoT is about enabling machines, devices and objects to talk to each other, to a central platform and to us.
The examples are well-known (the self-ordering fridge), yet behind the actual devices sits a plethora of systems, signals and data. All informed by an overarching strategy, and delivered from a central management platform, with all machines connected to each other.
To borrow a phrase: it doesn’t matter if your business is not interested in IoT – IoT will be interested in your business.
You need to start planning an IoT strategy early, rather than simply adopting the various technologies as they emerge. Cohesion and
integration are critical elements of IoT. Definitely look before you leap
You need imaginative business planning, to unlock the potential of IoT for your specific business.
Business Insider predicts 24 billion connected IoT devices by 2020, with $6-trillion spent on IoT in the next 5 years.
As more “things” become connected, they will become more intelligent, heralding the rise of ubiquitous AI, surrounding us and enabling all aspects of our lives.
Artificial general intelligence takes AI a step further by creating machines that can handle multiple tasks across multiple categories, rather than purpose-built ones.
Governments will become huge IoT adopters, using it to deliver a wide range of services to communities.
IoT will increase the speed at which life is lived, with a parallel increase in business speed. To stay relevant and effective, businesses will need use predictive analytics across the board.
With IoT and AI come smart machines and smart systems, capable of running complex environments without human intervention, removing human error.