By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
SmartData Collective
  • Analytics
    AnalyticsShow More
    predictive analytics in dropshipping
    Predictive Analytics Helps New Dropshipping Businesses Thrive
    12 Min Read
    data-driven approach in healthcare
    The Importance of Data-Driven Approaches to Improving Healthcare in Rural Areas
    6 Min Read
    analytics for tax compliance
    Analytics Changes the Calculus of Business Tax Compliance
    8 Min Read
    big data analytics in gaming
    The Role of Big Data Analytics in Gaming
    10 Min Read
    analyst,women,looking,at,kpi,data,on,computer,screen
    Promising Benefits of Predictive Analytics in Asset Management
    11 Min Read
  • Big Data
  • BI
  • Exclusive
  • IT
  • Marketing
  • Software
Search
© 2008-23 SmartData Collective. All Rights Reserved.
Reading: Top three IoT trends to watch for in 2016
Share
Notification Show More
Latest News
ai in marketing with 3D rendering
Marketers Use AI to Take Advantage of 3D Rendering
Artificial Intelligence
How Big Data Is Transforming the Maritime Industry
How Big Data Is Transforming the Maritime Industry
Big Data
ai digital marketing tools
Top Five AI-Driven Digital Marketing Tools in 2023
Artificial Intelligence
ai-generated content
Is AI-Generated Content a Net Positive for Businesses?
Artificial Intelligence
predictive analytics in dropshipping
Predictive Analytics Helps New Dropshipping Businesses Thrive
Predictive Analytics
Aa
SmartData Collective
Aa
Search
  • About
  • Help
  • Privacy
Follow US
© 2008-23 SmartData Collective. All Rights Reserved.
SmartData Collective > Big Data > Top three IoT trends to watch for in 2016
Big Data

Top three IoT trends to watch for in 2016

Editor SDC
Last updated: 2016/04/14 at 9:23 AM
Editor SDC
6 Min Read
SHARE

The Internet of Things (IoT) is a very popular topic these days. This idea that everything will eventually be connected and everyone will have access to it, has, during the past decade, matured from utopian futurism to the peak of Gartner’s Hype Cycle for Emerging Technologies. Gartner projects 6.4 billion (yes, with a b) connected things worldwide in 2016, a 30 percent increase from last year.

The Internet of Things (IoT) is a very popular topic these days. This idea that everything will eventually be connected and everyone will have access to it, has, during the past decade, matured from utopian futurism to the peak of Gartner’s Hype Cycle for Emerging Technologies. Gartner projects 6.4 billion (yes, with a b) connected things worldwide in 2016, a 30 percent increase from last year.
With all this growth comes excitement and a fair amount of uncertainty. Which three IoT trends are top of mind in 2016? Let’s take a look.

One: more privacy, please
For years we’ve been hearing about hackers attacking banks and retail chains to get access to our financial information and credit cards. Last year the Office of Personnel Management, the Russian-based antivirus company Kaspersky Lab, and even the CIA Director John Brennan’s AOL account were hacked. The impact of such attacks is relatively contained, which is not to say the results aren’t dire. But the illegal use of private data spread across millions of nodes of the IoT can have far more widespread implications.
In a recent report titled Consumer Perceptions of Privacy in the Internet of Things, the Altimeter Group revealed that 78% of consumers are very concerned about companies selling their data. Here are the top three consumer concerns in the report:

  • Consumers’ top concern: Who is seeing my data?
  • At least half of consumers expressed heightened discomfort with the use and sale of their data in connected ‘real world’ environments.
  • Consumers want more information and more engagement around privacy

What can we expect in 2016 when it comes to privacy? More public awareness. Perhaps some governance led, possibly, by a European entity. And since privacy and security go hand-in-hand, let’s hope we will see increased security built into the Internet of Things.

More Read

How Big Data Is Transforming the Maritime Industry

How Big Data Is Transforming the Maritime Industry

Utilizing Data to Discover Shortcomings Within Your Business Model
Small Businesses Use Big Data to Offset Risk During Economic Uncertainty
The Importance of Data-Driven Approaches to Improving Healthcare in Rural Areas
Analytics Changes the Calculus of Business Tax Compliance

Two: can we find a common language?
Will 2016 be the year of an IoT protocol? Many doubt it. Some say yes. Let’s look at both sides.

No, you can’t

There are too many conflicting interests when it comes to the IoT, say the nay-pundits. The companies which sell us the “things” and the companies who sell us the connectivity all strive for one thing: control. Hence the proliferation of existing protocols; Zigbee, Z-Wave, Thread, Bluetooth. And another thing, says this camp: how can you even begin to create a universal protocol to cover everything from a pacemaker to a refrigerator?
Valid points, nay-sayers!

Yes we can

The IoT protocol optimist camp includes Techcrunch, among others. In a recent article titled What Will the Internet of Things Be When it Grows Up? Jim Hunter makes the prediction that a “dominant schema will become evident next year, which will serve as the suggested ‘dictionary,’ and that much of the industry will choose to follow it. This schema will be treated as open source, so individuals and companies around the world can participate in its evolution.”
Then he goes on to say that “at least two more” standards will emerge this year, and both will “seek to gain worldwide acceptance as THE standard for connectivity between things.”
Hmm. A dominant schema and at least two more standards. Call this tempered optimism, if you will.

Three: The year of the IoT platforms
Yes, there will be more IoT startups and platforms than we’ll know what to do with.
Last year Chicago-based startup Konekt raised $1.3 million to build an IoT platform. Earlier this year, U.S.-Israeli startup Neura, which allows users to personalize their IoT experiences, raised $11 million.
Wait, there are many more platforms out there: Temboo, a cloud-based middleware that makes it easy for developers to connect sensors to the cloud; TempoIQ, which simplifies storing and analyzing sensor data; thethings.iO, which claims to be “Amazon Web Services for IoT companies.” There is no doubt many more will make the business headlines this year.
I expect we will keep hearing about the Internet of Things, this Uber-connected cosmos, for years to come. Whether you believe that the IoT will fundamentally change the way we live and work, or merely act as the high-tech backdrop to Silicon Valley kitchens, whose appliances will do the milk-ordering themselves, thereby allowing their owners an extra hour in the office each week, depends largely on your affinity for technology and for “connectivity.” If your idea of “connecting” is an afternoon soccer game with your friends followed by a pint of brew at your local pub, you most likely haven’t reached this point in the blog. And I must say a big part of me envies you.

Connect with us to learn more on how we can work with you for your big data challenges.

Editor SDC April 14, 2016
Share this Article
Facebook Twitter Pinterest LinkedIn
Share

Follow us on Facebook

Latest News

ai in marketing with 3D rendering
Marketers Use AI to Take Advantage of 3D Rendering
Artificial Intelligence
How Big Data Is Transforming the Maritime Industry
How Big Data Is Transforming the Maritime Industry
Big Data
ai digital marketing tools
Top Five AI-Driven Digital Marketing Tools in 2023
Artificial Intelligence
ai-generated content
Is AI-Generated Content a Net Positive for Businesses?
Artificial Intelligence

Stay Connected

1.2k Followers Like
33.7k Followers Follow
222 Followers Pin

Sign Up for Our Newsletter

Subscribe to our newsletter to get our newest articles instantly!

[mc4wp_form id=”1616″]

You Might also Like

How Big Data Is Transforming the Maritime Industry
Big Data

How Big Data Is Transforming the Maritime Industry

8 Min Read
utlizing big data for business model
Big Data

Utilizing Data to Discover Shortcomings Within Your Business Model

6 Min Read
big data use in small businesses
Big Data

Small Businesses Use Big Data to Offset Risk During Economic Uncertainty

7 Min Read
data-driven approach in healthcare
Analytics

The Importance of Data-Driven Approaches to Improving Healthcare in Rural Areas

6 Min Read

SmartData Collective is one of the largest & trusted community covering technical content about Big Data, BI, Cloud, Analytics, Artificial Intelligence, IoT & more.

data-driven web design
5 Great Tips for Using Data Analytics for Website UX
Big Data
AI chatbots
AI Chatbots Can Help Retailers Convert Live Broadcast Viewers into Sales!
Chatbots

Quick Link

  • About
  • Contact
  • Privacy
Follow US

© 2008-23 SmartData Collective. All Rights Reserved.

Removed from reading list

Undo
Go to mobile version
Welcome Back!

Sign in to your account

Lost your password?