Ecosystm Predicts – IoT in 2019
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Historically I had been responsible for drafting predictions that were often discrete and almost independent of each other. However, in the last 12 months I’ve become a strong proponent of observing market trends and joining their collective impact into bigger and broader industry predictions. I feel that this approach has more value to the ecosystem, that takes to enable the Internet of Things.

With this as a backdrop, my five independent predictions are aimed at vendors and customers to be constantly reevaluating their position in the value chain with adjacent technologies and markets. The predictions for 2019 are:

  • Flexibility Will Outweigh Performance: eSIM and MVNOs Will Create More IoT Services Value than 5G Providers.
  • The Intelligent Edge and SD-WAN Will Tackle the Distributed Network Performance and Management Issues.
  • IoT Ecosystems Will Evolve into Automated, Intelligent and Interactive Workspaces.
  • IoT Public and Private Market Exchanges Will Emerge Enabling AI-Based Startups to Create Business Outcome Services.
  • The Insurance Industry Will Become the Leading Advocate for IoT Innovation Services Forcing ICT Companies to Play Along.

At the base of the predictions pyramid, or a starting point in an IoT ecosystem where the customer or their data is in the center, is connectivity. The deafening drum beat of 5G can be heard. By all accounts every IoT application should be deployed onto a 5G network in 2019. However, while 5G and several key IoT applications are a great fit for each other (video is a perfect example), customers are already testing alternatives which are both good enough from a network performance and business case angles. To that end, 2019 will be a year where e-SIMs delivered by Mobile Virtual Network Operators (MVNOs) will be the defacto on-ramp for many ICT organizations. Layered upon that will be the opportunity to run unlicensed spectrum such as LoRa to greatly simplify the complex issue of connectivity, security and scalability.

As more customers scale up their IoT deployments in 2019, distributed architectures become more important as edge computing takes on the new ‘branch office’ layer. To respond to the new network edge, distributed networks become easier to manage with the broader deployment and acceptance of software-defined wireless access networks (SD-WANs). SD-WANs will become the stepping stones for carriers, network equipment vendors, IT and industrial operations to deliver application management performance, and security.

In 2019 the discussion of who has the best IoT platform will become irrelevant, as customers who own the IoT data will be asking who has the best ecosystem. IoT data will quickly shift business processes from being stand-alone engagements between suppliers and customers to one of a complete end-to-end solution. Industries such as manufacturing, retail, smart buildings, smart cities, transportation and logistics will all come alive with disruptive business models and services within the ecosystem. This shift will generate a ‘new software’ platform that isn’t owned by a traditional IT software company, but by someone who owns the business relationship with the customer and who can aggregate all of the players onto the platform.

These automated, intelligent and interactive workspaces will become a potential battleground between traditional services companies and these new nimble aggregators using SaaS-based platforms to deliver better customer experiences. By late 2019, these ecosystems will become the foundation layer for IoT exchanges whereby business knowledge gained from IoT analytics will be traded or bartered within private or public exchanges. Here, technology such as blockchain will have a very relevant place within IoT solutions.

Finally, in 2019 the major insurance companies will rise to become some of the most influential players in making vendors and customers adopt IoT solutions. Knowing that IoT sensors can give detailed information on every aspect of product and customer behavior, insurance companies will exercise pressure on everyone who wants to play within an IoT ecosystem. Anyone who wants or needs some level of product warranty, liability, replacement coverage, service and user behavior insurance will be impacted by IoT-fed actuary tables. Insurance underwriters will ask, seek or have the ability to combine IoT data with Artificial Intelligence (AI), and Machine Learning (ML) integrating the outcomes with Augmented Reality (AR), Digital Twins and 3D-Printing for robotics, drones, autos (or all levels of transportation) across every industry. The influence and impact will be significant and to every intersection of technology and human interface as the high demand for data drives IoT sensor deployment from the base of the network infrastructure all the way to the ecosystem and exchanges.

For access to the full report, please follow this link.

 

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One of the great heavyweights of the analyst industry, Vernon serves as Ecosystm’s Executive Analyst, covering all manner of technology industry-wide trends and emerging markets. A frequent speaker, moderator, author and presenter for a number of leading media outlets, there are few who rival his knowledge in ICT and his strategic vision in digital transformation – particularly in the manufacturing, transportation, finance and banking communities. Starting his career in client-side IT roles, Vernon entered the research world in 2000, joining IDC as Group Vice President. Through the course of his 18-year tenure with the firm, Vernon’s remit evolved from traditional ICT – including Networking, Servers, Storage, Virtualisation and Data Centres – to becoming IDC’s first Research Fellow, specialising in The Internet of Things (IoT). He was presented with IDC’s highest accolade in 2014, recognised for his passion, persistence and candid approach. Beyond his work with Ecosystm, Vernon works with a number of venture capital firms as a technology subject matter expert. He also sits on the IoT World Forum steering committee and previously supported the governor for the State Of Illinois in developing a Smart State Initiative. Vernon holds degrees in Computer Studies and Business Administration. In his free time, Vernon is a sports fan, having competed in track and field at international levels. He’s also an active charity runner and recently completed his eighth consecutive marathon in a four year period.


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[…] Ecosystm Predicts – IoT in 2019 –  by Vernon Turner […]

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[…] when the Internet of Things (IoT) was the latest solution looking for problems to be solved. As an industry analyst whose passion for IoT is well known, I was frustrated at the weak offerings, poor quality demos and wasted money being […]

Iron ThundeR
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Iron ThundeR

Thank you a bunch for sharing this with all folks you actually recognize what you are talking approximately!
Bookmarked.

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I’ve read some good stuff here. Certainly worth bookmarking for revisiting.

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[…] The future of interconnected ecosystems runs through IoT. The data that IoT sensors will create will be more valuable the faster it is analysed to produce business outcomes. Turner commented “Innovation accelerators such as VR (Virtual Reality) and AR (Augmented Reality) will generate new services for both consumers and industrial uses cases. The potential for asset management and services is ripe for disruption as 5G will bring more valuable information to workers through more efficient platforms. The knowledge-based worker and the future of work is here.” […]