Top Five IIoT Predictions for 2018

By March 4, 2018Product News

Adoption of the Internet of Things (IoT) into 2018 shows no signs of slowing down. If anything, adoption and implementations will only increase.

1. Momentum for edge analytics and edge intelligence in the Industrial Internet of Things (IIoT) will accelerate.

Almost every notable hardware vendor has a ruggedized line of products promoting edge processing. This indicates that the market is prime for IIoT adoption. With technology giants announcing software stacks for the edge, there is little doubt that this momentum will only accelerate during 2018. Furthermore, traditional industries, like manufacturing, that have been struggling to showcase differentiated products, will now embrace edge analytics to drive new revenue streams and/or significant yield improvements for their customers.

Additionally, any industry with assets being digitized and making the leap toward connecting or instrumenting brownfield environments is well positioned to leverage the value of edge intelligence. Usually, the goal of these initiatives is to have deep business impact. This can be delivered by tapping into previously unknown or unrealized efficiencies and optimizations. Often, these surprising insights are uncovered only through analytics and machine learning. Industries with often limited access to bandwidth, such as oil and gas, mining, fleet and other verticals, truly benefit from edge intelligence. What's more, those that apply edge intelligence are able to benefit from real-time decisions, as well as insights from voluminous streaming sensor data.

Due to the current pain points in the IIoT space and the edge technology availability to address them, we expect to see increased interest in edge analytics and maching learning from oil and gas, energy, utilities, transportation and other sectors interested in revamping their IIoT value.

2. Business cases and ROI will be critical for IIoT pilots and adoption.

The year 2017 was about exploring the IIoT, and led to the explosion of proof-of-concepts and pilot implementations. While this trend will continue into 2018, we expect increased awareness about the business value edge technologies bring to the table. Companies that have been burned by the big data hype—in which data was collected but little was leveraged—will assess IIoT engagements and deployments for a definitive return on investment (ROI). As edge technologies pick up speed in proving business value, the adoption rate will exponentially rise to meet the demands of ever-increasing IoT applications.

Read more: Top Five IIoT Predictions for 2018