6 IoT Trends to Watch in 2018

With increased value provided by edge computing to security improvements with Blockchain integration, IoT platforms across the board are just starting to get sexy.

The intelligent digital mesh is evolving and enterprises today are paying attention to the disruption and impact on business operations now and soon on the horizon. In this article, we look at new trends for IoT platforms in 2018 and what to expect as the year develops.

1. Pushing it to the Edge
The evolution of computing and cost efficiency has made commercial devices capable of running full-on operating systems and complex algorithms, right in the office. IoT platforms in 2018 are continuing to push for the fastest connectivity and that’s of course where the concept of edge computing comes in, where workload is processed on the edge of the network and where the IoT connects the Cloud with the physical world.

A key part of this sequence is the fast and effective integration between IoT and the Cloud, locating many of the processes onboard the devices themselves and connecting them with the Cloud for the most essential functions — ´Elementary, dear Watson.´ As machine learning algorithms evolve and advance the potential for Edge devices to take over a growing percentage of computing data, combined with its ability to increase local privacy by not exporting sensitive data to the cloud plus reducing latency from data requirements, in 2018 we will continue to see an increased momentum of companies adding business solutions requiring local, secure data analysis. And Edge Computing will be a key focus of that implementation, with the benefits of the cloud for increased security, easy scalability, design configuration, simple deployment, and management options.

2. Blockchain Getting Hotter
While BitCoin, LiteCoin and Ethereum had their best climb and large drop, back to slow climb again in 2018, it is also likely to be the year that this technology enters widespread adoption through increased usage cases in IoT. As more and more devices are continually added to the IoT network, blockchain adoption promises taking security for users and companies to better levels as the year progresses. The fact is that every system of connected IoT devices can use blockchain to safely and reliably organize, store and share transactions of data. Over this year, this technology is expected to play a key role in the widespan amount of industries that manage physical objects moving across the planet, which could benefit from the many advantages of blockchain script, shifting focus towards large scale deployments requiring reliability, stability, and ease of integration with existing technology infrastructures. New pilot projects of positive use studies are emerging and blockchain technologies with IoT is a natural evolution that will drive adoption, making it one of the most significant trends for IoT software in 2018.

3. Beyond Blockchain
Of course, as more devices are connected and as IoT expands, security challenges will increase as well. There will be more IoT-related risks both on devices and on the cloud network as hackers work to extract sensitive data by compromising systems, presenting new levels of concern and challenges to overcome in security design on the global infrastructure and for IoT platforms.

4. Expanding Platform Offerings
Designers building IoT into objects and experiences need functionality for remote product management, monitoring, and control, and it’s the same for IoT business operators. They need data management platforms that integrate their diverse set of IoT-enabled business functions into easy-to-use business data they can leverage for managing the business, not manually sorting through a sea of bits of information. For functionality, they will increasingly choose IoT platforms that include built-in applications that are tailored for their needs.

Edge processing naturally leads to consolidation. As more companies push processing and data analysis to the edge of the network in order to improve security, reduce network latency, and cut Cloud costs, it will become increasingly attractive for an IoT platform to offer additional services to distinguish itself from other enterprise offerings. The ensuing pressure of supporting both edge and core with a cost-effective model will force all but the largest and most innovative IoT platform providers out of the market over the next few years or to focus their offering on niche applications.

5. Commercialize IoT Data
Recent European guidelines coming out recognize what 45% of data and analytics decision makers at U.S. enterprises are saying about commercializing their data — they´re already doing it. In France, only 35% of companies are doing it, and 38% at German enterprises. Seeing the opportunity to level the playing field, the European Commission will issue guidelines this year to encourage the use of advanced data mining technology to boost the data economy with the advancement of IoT.

6. IIoT Platforms Leaving IaaS Market
A part of ongoing consolidation and offering built-in applications for customers is that the major IIoT (Industrial Internet of Things) platforms have transferred at least some of their industry based or IoT-specific functions available through hyperscale cloud providers like AWS, IBM, and Microsoft. As these massive clouds extend their global reach, get clearance for compliance in a strict regulatory environment, and solidify their own IoT capabilities, this trend will continue to unfold.

Conclusion

IoT platforms have an exciting year ahead for them as they adapt to the evolving environment of edge computing, blockchain, and niche application support. The intelligent digital mesh is increasing in complexity and the security demands at all levels of the network is here to make the year even more interesting for software designers and platform engineers alike.

Feel free to share your ideas in the comments section below. We look forward to hearing about your first-hand experiences and predictions for 2018.

Leave a Reply

7 comments on “6 IoT Trends to Watch in 2018

  1. Good Insights. One of the biggest implementation challenges we have seen in the market, that you cannot find or buy an IoT business solution specifically designed to fully address a specific business objective. That was the key consideration we had before we designed our complete end-to-end business solution which is designed to address this specific challenge.

Sensors/IoT Stories
Farmer-Tablet
Data ManagementAgriculture’s Next Breakthrough: New Technologies Are Driving Efficiency, Data Insights
July 3, 2018
We live in an exciting time in agriculture. Not only is technology advancing rapidly, but the understanding and comprehension of Read More
JDandPessl
Sensors/IoTJohn Deere, Pessl Instruments Team Up to Create Opportunities
June 18, 2018
John Deere is best known for its line of tractors, combines, sprayers, and implements. However, in an effort to help Read More
Veris Soil EC
Sensors/IoTUsing Electrical Conductivity (EC) Sensors in Precision Agriculture
May 16, 2018
The measurement of soil EC is widely used in agriculture. However, there is still confusion around the meaning of the Read More
Field-Equipment
Sensors/IoTTop 6 Digital Transformation Trends in Agriculture
May 15, 2018
In recent years, technology in agriculture, also known as AgTech has rapidly changed the industry, writes Daniel Newman on Forbes.com. Read More
Trending Articles
ISPA-Yoshua-Bengio
EventsHighlights from the 14th International Conference on Precision Agriculture
July 9, 2018
The 14th International Conference on Precision Agriculture (ICPA) presented by the International Society of Precision Agriculture (ISPA) was held in Montreal, Read More
Topcon X30 Console in cab
EventsAssociation Seeks Definitive Definition of “Precision Agriculture” — What’s Your Vote?
July 2, 2018
More than two-dozen definitions of precision agriculture have been identified through the years — but which is the best and Read More
AmericasRaven Name to Grace New South Dakota State University Facility
June 27, 2018
According to a press release issued by the company, Raven Industries was recognized today in the naming of South Dakota Read More
dropcopter
DronesNew York Apple Orchard Claims World First in Pollination by Drone
June 18, 2018
Beak & Skiff Apple Orchard in LaFayette, NY, is the first orchard in the world to use drones to pollinate Read More
JDandPessl
Sensors/IoTJohn Deere, Pessl Instruments Team Up to Create Opportunities
June 18, 2018
John Deere is best known for its line of tractors, combines, sprayers, and implements. However, in an effort to help Read More
Matt-Waits-featured
Decision Support SoftwareSST’s Matt Waits: Innovative Data Solutions Key to Transforming Global Agriculture
May 31, 2018
Proagrica, part of RELX Group, earlier this year acquired U.S.-based precision agriculture solutions company, SST Software, in a move set Read More
Latest News
Industry NewsFarmobile Acquires Prime Meridian, Taps Cubbage as New …
July 13, 2018
Farmobile today announced an agreement to acquire the assets of Prime Meridian, a precision agriculture data management company based in Read More
group-photo
DronesPrecision Agriculture Takes Flight at North Carolina St…
July 13, 2018
Take a walk into the Suggs Laboratory for Precision Agriculture and Machine Systems and it’s hard not to be impressed, Read More
Skeketee-IC-Weeder
DronesAutomated Weeders Have Arrived in Vegetable Fields
July 12, 2018
The vegetable production areas of the Central Coast of California have lifted vegetable cultivation to a high art, writes Richard Read More
AgJunction, InfoAg 2014, Autosteer, GPS
Industry NewsAgJunction Settles with Raven in Patent Infringement Su…
July 12, 2018
AgJunction Inc., a leader in advanced guidance and autosteering, has settled a patent infringement lawsuit it filed against Raven Industries, Read More
Retailer-Grower-tablet
Business ManagementTaking Measure of the Precision Agriculture Program: 6 …
July 12, 2018
In the overall agriculture market, the rhetoric surrounding emerging technology over the past half-decade has been nothing short of breathless. Read More
raven-slingshot-job-generator-job-sync-1
Industry NewsNew Raven Slingshot Advancements Will Help Save Time, R…
July 11, 2018
Raven Industries, Inc. has announced several new services available on the Slingshot and Viper 4 platforms: Job Generator and Job Read More
Onsite-logo
Industry NewsAgIntegrated Acquires Exclusive Licence to Satshot’s Im…
July 11, 2018
AgIntegrated, Inc. (AGI), a leader in precision ag data integration and software development, and Satshot, a leader and pioneer in Read More
Australian Harvest
Australia/New ZealandAustralian Agritech Plants Blockchain for Efficiency
July 11, 2018
“Agritech” at one time would have meant new equipment such as tractors and combine harvesters, but today it refers to Read More
Tomato-crop-India
AsiaIndia: Using Artificial Intelligence for the Good of Fa…
July 11, 2018
After graduating from IIT-Madras, the first thing that Vivek Rajkumar did was to buy four acres near Thiruvananthapuram and start Read More
BrightFarms
Industry NewsForbes List of Innovative Ag-Tech Companies Includes Gr…
July 9, 2018
Forbes magazine recently posted a list of the 25 most innovative ag-tech startups in 2018, which includes a few companies Read More
AmericasNutrien Ag Solutions Brand, New Digital Platform Launch…
July 9, 2018
Nutrien (formerly Crop Production Services) has officially rebranded its retail business to Nutrien Ag Solutions, aligning the company’s retail operations Read More
ISPA-Yoshua-Bengio
EventsHighlights from the 14th International Conference on Pr…
July 9, 2018
The 14th International Conference on Precision Agriculture (ICPA) presented by the International Society of Precision Agriculture (ISPA) was held in Montreal, Read More
TerrAvion
Industry NewsTerrAvion Integrates Aerial Imagery with John Deere Ope…
July 6, 2018
TerrAvion, Inc., a large volume provider of aerial imagery to agriculture, has announced an integration to allow TerrAvion’s aerial imagery Read More
Farmer-Tablet
Data ManagementAgriculture’s Next Breakthrough: New Technologies…
July 3, 2018
We live in an exciting time in agriculture. Not only is technology advancing rapidly, but the understanding and comprehension of Read More
Nebraska-Storm
Precision IrrigationNotes from the Field: A Look at Irrigation Management P…
July 2, 2018
One of the things I love most about my work is making periodic treks into the field – more often Read More
Topcon X30 Console in cab
EventsAssociation Seeks Definitive Definition of “Preci…
July 2, 2018
More than two-dozen definitions of precision agriculture have been identified through the years — but which is the best and Read More
Industry NewsAg Equipment Manufacturers: 3 Trends to Shape Farming G…
July 2, 2018
Bottom line instead of brand loyalty. Tractors and harvesters will look more like computers. Data will drive productivity. These are Read More
Ag Retailer and Growers with tablet WinField United
Service ProvidersPrecision Ag Technology: Act Like You’ve Been There Bef…
July 2, 2018
One of my dad’s favorite, albeit borrowed, sayings was, “Act like you’ve been there before.” He was mostly referring to Read More