At its symposium and IT expo Nov. 7 in Barcelona, Spain, IT researcher and market analyst Gartner announced what it sees as the most important strategic internet of things (IoT) technology trends that will drive digital business innovation from now through 2023.
“The IoT will continue to deliver new opportunities for digital business innovation for the next decade, many of which will be enabled by new or improved technologies,” Nick Jones, research vice president at Gartner, said in a media advisory. “CIOs who master innovative IoT trends have the opportunity to lead digital innovation in their business.”
In addition, CIOs must obtain the necessary skills and partners to support key emerging IoT trends and technologies because by 2023 most CIO will be responsible for more than three times as many endpoints as they were this year, the researcher said.
Analysts discussed how CIOs can lead their businesses to discover IoT opportunities and make IoT projects a success during Gartner Symposium/ITxpo, which is taking place in Barcelona through Nov. 8.
Following is Gartner’s list of the 10 most strategic IoT technologies and trends that it expects will enable new revenue streams and business models during the next five years.
Trend No. 1: Trusted
Gartner forecasts that 14.2 billion connected things will be in use in 2019, and that the total will reach 25 billion by 2021, producing an immense volume of data. “Data is the fuel that powers the IoT, and the organization’s ability to derive meaning from it will define their long-term success,” said Nick Jones, research vice president at Gartner. “AI will be applied to a wide range of IoT information, including video, still images, speech, network traffic activity and sensor data.”
The technology landscape for AI is complex and will remain so through 2023, with many IT vendors investing heavily in AI, variants of AI coexisting, and new AI-based tolls and services emerging. Despite this complexity, it will be possible to achieve good results with AI in a wide range of IoT situations. As a result, CIOs must build an organization with the tools and skills to exploit AI in their IoT strategy.