At the Gartner Symposium/ITxpo 2018 conference in Barcelona, Spain, from November 4th to 8th, Gartner analysts explored opportunities and pitfalls in the Internet of Things.
Gartner highlighted several strategic IoT technology trends that will drive digital business innovation from 2018 to 2023.
Nick Jones, vice president of research at Gartner, said: “The Internet of Things will continue to bring new opportunities for digital business innovation over the next decade, and many new opportunities will depend on new or improved technologies. Insights into innovations CIOs with networking trends have the opportunity to lead the digital innovation of their business.”
In addition, CIOs should ensure that they have the necessary skills and partners to support key emerging IoT trends and technologies, as by 2023, the average CIO is responsible for three times more endpoints than this year.
Gartner analysts at the Gartner Symposium/ITxpo 2018 conference discussed how CIOs lead companies to discover IoT opportunities and ensure the success of IoT projects.
Gartner lists 10 of the most strategic IoT technologies and trends, and in addition to bringing new experiences and relationships, they will also bring in new revenue streams and business models:
First trend: AI
Gartner predicts that there will be as many as 14.2 billion connected objects in 2019 and a total of 25 billion by 2021, which will generate a lot of data. Mr. Jones said: “Data can be a fuel for the IoT, and the ability of companies to interpret data will determine their long-term success. AI will be used in a wide range of IoT information, including video, still images, voice, Network traffic activity and sensor data.”
The technical landscape of AI is very complicated. This situation will continue until 2023. Many IT vendors are heavily involved in AI. The various forms of AI coexist and new AI-based tools and services are emerging. Despite this complex situation, it is expected to achieve good results with AI in many IoT scenarios. Therefore, CIOs need to leverage the tools and skills of AI in the IoT strategy to build enterprise organizations.
The second trend: the Internet of Things that takes into account social, legal and ethical issues
As the Internet of Things continues to mature and become more widely deployed, numerous social, legal, and ethical issues become more important. This includes ownership of data, algorithmic bias, privacy, and compliance with regulations such as the General Regulations on Data Protection.
Mr. Jones said: “Successful deployment of IoT solutions requires that the solution not only be technically effective, but also socially acceptable. Therefore, CIOs must educate themselves and their employees in this regard, considering setting up a group (such as an ethics committee) to review Corporate strategy. CIOs should also consider asking external consulting firms to review key algorithms and AI systems to identify potential biases.”
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