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The Internet of Things Journey: Trends to Consider for 2018
As you embark on your IoT journey this year, consider these trends and how they may impact your overall strategy, implementation and execution.
Jan 15, 2018—
The past year has shown us that those not adopting an Internet of Things (IoT) strategy not only will find themselves behind, but will simply no longer be competitive. IoT devices are driving the way we live, work and play at an unprecedented pace, with no sign of slowing down. In fact, according to IHS, the number of IoT devices will grow to 30.7 billion in 2020, and to 75.4 billion by 2025. Whether it's sensors making driving safer and buildings smarter and greener, or enabling better treatment for stroke and spinal cord injuries through the connection of exoskeleton devices, the potential and opportunity for the IoT is endless.
As we begin 2018, no matter where in the IoT adoption journey you may find yourself, it will be critical to consider the key trends that will impact your journey. As you plan and consider what technology should be implemented, as well as how the technology is managed and integrated, here are five key trends to consider.
Those who are already adopting the IoT see it as mission-critical to their business transformation, and the IoT is allowing them to lead the way when it comes to business-transformation initiatives. As noted in Vodafone's 2017/18 IoT Barometer, 74 percent of companies that have adopted IoT technologies agree that digital transformation is impossible without it. As digital capabilities continue to evolve, businesses that implement IoT solutions during the next year will have a clear advantage.
Confidence Will Increase Around IoT Security Solutions
The IoT Will Be Vital to Enterprise IT Functions
LP-WAN Solutions Will Make IoT Innovation Possible
IoT Adoption Will Bring Unexpected Benefits to Businesses
As IoT implementations grow across operations, additional benefits will be recognized. As you embark on your IoT journey in 2018, consider these trends and how they may impact your overall strategy, implementation and execution.
Ludovico Fassati is the head of IoT at Vodafone Americas.
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