IIoT Foresight 2017: A Wake-Up Call for Future Investments

Tim Baker By Tim Baker, 6th May 2017 | Follow this author | RSS Feed | Short URL http://nut.bz/-q41vsne/
Posted in Wikinut>Business>IT & Ecommerce

Booming integration of internet-based technologies has become the foundation upon which all current trends are formed. And it would be ill-advised to disagree over the issue, as long as industrial market goes through an absolute changeover provoked by the IIoT.

Introduction

Booming integration of internet-based technologies has become the foundation upon which all current trends are formed. And it would be ill-advised to disagree over the issue, as long as industrial market goes through an absolute changeover provoked by the IIoT.
Basing on Intel’s latest forecast, industrial IoT applications are meant to make up a larger share of the IT business segment in 2017. The adaptation of the IIoT is projected to go in three main directions:
a. Wearable platforms for industrial sector (smart glasses, smart helmets) implementation;
b. A marked-up augmented reality appropriation;
c. A supply chain visibility through IoT deployment.
Having kept track of the ongoing IT exhibitions and expos, even more rainbow-colored foresight can be made on the latest tendencies in the IIoT.

Learn More About Industrial IoT Solutions From CeBIT 2017

Drawing on the just-finished CeBIT 2017 exhibition in Hannover, which has taken place this March, a complete change of current business models and a traditional concept of our daily pursuits has been casted by the leading developers of the sphere. Many of the newly invested IIoT apps wait for the first break as being a headmost component of industrial segment:
• NTT industry giant, which started business development in the sphere of telecommunications, has presented several ‘smart’-concepts starting with ‘smart’ theatre and finishing with the IIoT created for agronomy.
• Digiwell keeps provoking interest as the only company connecting people to networks instead of ‘things’. The ‘smart’ implants presented by the company are designed for those who leave the oft-forgotten home keys, travel cards or wallets behind. The RDIF-based chip is implanted in an owner’s hand, which allows for closing and opening home doors, paying for purchases or managing the computer with one sweep.
• Fujicura has exhibited the new-generation fiber-optic cables. Being laser technologies oriented the small-diameter cable enables ultra-fast signal transmission and Big Data processing.
This way, belonging to a high growth environment, every IoT application development company is believed to become a part of the next Industrial Revolution frequently referred to as the Next Internet.

Steaming Hot IoT Estimates

On the basis of BI Intelligence’s research, the IoT is claimed to be as life-changing as the Industrial Revolution was. The total investment on IoT solutions will make $13 trillion ROI in a five-year period a large proportion of which, namely $3B spent, is to be accounted for business.
From the graphic below it can be concluded that the compound investment of 2015-2020 period is to run at twice as much ROI:

In line with PwC IoT Report, 35% of world manufacturers have already implemented the IoT technologies, whereas 10% are to affiliate within a year and 8% plan to put it into action in three years.
According to EY latest IoT Global Corporate Divestment Study 2017, IoT volume has increased 30% for the year and value is analyzed to triple up to $103,4B.

Know your numbers

A check for numbers can be an absolute headache for an unprepared reader. On top of this, the deviating results of different estimates bring oil to the fire, which makes a business-modeling process even more complicated. Having regard to various expectations of IoT-based devices increase, we are to have from 50B (Ericsson and Evans) to 30,7B (IHS Markit) and 20,8B (Garter), etc. by 2020. What’s without doubt is that the IoT has already demonstrated all the industry-practiced advantages it brings for what it is considered to upend the world we knew before.

Tags

Applications, Software, Web Development

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author avatar Tim Baker
Experienced project manager who loves to read books on programming

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