A new year is a great opportunity and also the perfect post-holiday gift for the strategic planner. You have the whole year ahead of you, to decide what resolutions you will make and how you think you will deliver on them.
Most of us will make resolutions, but without certain factors in place – like motivation, resources and support system – they may not get started or even delivered. As UROS’s focus for 2017 is Roaming Internet of Things (RIoT) enabling devices to cross borders without losing connectivity, I thought I should review the Industries own new years resolutions for IoT. Will 2017 be the year that is recognized as a significant year, one in which IoT makes its real growth?
The IoT market has moved on significantly over the past 12 months.
At the end of 2016 Morgan Stanley made the following observation: “This time last year there was much hype surrounding the technology, although many speculated it would be years before the public widely adapted IoT devices. The IoT market has moved on significantly over the past 12 months.”
Sometimes the velocity of how projects play out Industry-wide is hard to predict. Many have said that 2020 is the year of IoT, but since IoT has already been around for more than 15 years in some form or other the question might be if 2017 will contribute significantly or if we need to wait?
IoT players are already developing solutions and are not waiting for the launch of 5G to bring the solutions to the market.
One factor that might seem to be holding back IoT is the birth of 5G. In the past 5G has been inextricably linked to IoT, with a view that IoT and 5G need each other to succeed. But in reality the Industry is thinking differently. “Almost all presentations on 5G mention IoT, but the reverse is not true”, Says Analysys Mason. “Few presentations on IoT mention 5G”. IoT players are already developing solutions and are not waiting for the launch of 5G to bring the solutions to the market.
When we consider also how the IoT market is evolving, IoT is not just going to be around data-led services as predicted but in addition analysts expect a return of Voice related services, whether this means Circuit Switched Voice, VoLTE, VoIP, or VoWi-Fi isn’t clear, but voice will play an important role. Gartner thinks that bots or smart agents will facilitate 40 percent of mobile interactions by 2020. This means Voice will become progressively important to control IoT systems. Amazon Alexa, Microsoft Cortana, Google Assistant, Apple Siri, and Samsung’s Viv Labs purchase emphasise the importance of these new Artificial Intelligence supported voice interfaces. It’s predicted they’ll be used across multiple devices like phones, PCs, tablets, cars, home appliances and other machinery.
All this leads to the opportunity to take IoT forwards in 2017. Now seems to be the time to invest and plan, start to strategically participate in projects with focused IoT elements.
Widespread adoption may push a lot more players to take part this year.
Writing in the World Economic Forum blog, Dominic Gorecky and Detlef Zühlke of the German Research Centre for Artificial Intelligence (DFKI) say the internet of things is already starting to affect environments of all kinds – homes, cities, travel, logistics, retail and medicine, to name just a few – and it will not stop at our factory gates, either. Suggesting that widespread adoption may push a lot more players to take part this year.
Judging from Verizon’s bold moves in 2016 it’s also clear that MNOs are behind building solutions today and engaging with IoT. Verizon was one of the few operators to make moves in 2016, but spent over USD3 billion on its acquisitions of Fleetmatics, Telogis and some other smaller firms. As the US market is extremely competitive, other US MNOs may follow Verizon’s lead in 2017 and this itself will stimulate markets globally to take action.
One of the most sensitive issues is security.
However as Telefónica’s Chief IoT Officer Vicente Muñoz states in his IoT Trends for 2017, users in the spotlight, “There is no way to talk about the IoT without addressing one of the most sensitive issues: security”.
Security is key. There will be more and more attention paid to the security side of IoT and the growing potential for security cyber-breaches given some of the security breaches that are predicted. Some major companies will be impacted unless they take action to protect themselves i.e. hacking into systems which include cameras and sensors.
Clearly, 2017 will be another year of growth in IoT but will IoT grow from its infancy in terms of revenues and deployments? We believe 2017 will become the year where the focus on real deployment and monetization of IoT systems increases significantly.
There will also be some mergers and acquisitions of IoT platforms and a push to create more standardisation. Small platform providers will either disappear or get swallowed up by larger platform providers, and 2017 is likely to end with fewer players than today.
2017 is the year for diminishing hype replaced by real innovation and demonstrable value for businesses.
So when I think about UROS’s resolutions for 2017 it’s clear that 2017 will be a focus year for all players and ascertaining business value. There’s the hype we are all used to and the hype isn’t all bad because it creates the interest and as MNOs start to become more interested they see opportunities which have never existed before in their marketplaces and this stimulates focus. I am more excited than ever that 2017 is the year for diminishing hype replaced by real innovation and demonstrable value for businesses.
UROS as a leading innovator in global roaming enables data roaming devices for the IoT. Our platform allows for deep real-time transparency on all SIMs and devices as they are roaming. We equip MNOs and corporate customers around the globe with a unique remote management platform for handling Roaming IoT (RIoT). Our ‘ready-for-IoT’ processes allow customers to take advantage of the roaming challenges of IoT while being aware of the impacts. If you think we could help you out with our IoT connectivity platform, contact us at email@example.com.