Eight IIoT predictions for 2018

We have seen an enormous amount of progress in the industrial ecosystem in 2017. The ever evolving landscape of Digital transformation is in full speed providing many exciting new business models as well as providing solutions to some of the problems that have plagued traditional industries since their inception. We see longstanding business models reinvented as more businesses are realizing the need to digitally transform their businesses. We're also starting to move from pilots to ROI as the adoption of connected devices is  accelerating industries like manufacturing and energy according to a recent Verizon study.

Momenta Partners is committed to helping our clients, partners, and stakeholders navigate this evolving landscape and deliver sustainable value from Connected Industry.  To achieve this, we keep our finger on the pulse regarding industry trends and developments. Here's what we see as the 8  key developments for 2018 in IIoT, with suggested resources to enable you to learn more: 

Prediction No.2: 

We'll see the rise of Intelligent Edge Computing

With the emergence of autonomous vehicles, drones and data-intensive industrial automation systems including, the prevailing centralized cloud-mobile computing model will not be able to accommodate the low latency demands of real-time analytics. The emergence of intelligent edge devices – gateways and devices incorporating real-time data processing, advanced analytics, and business logic – will continue to gain ground. While we won’t see an end to cloud computing, edge computing will gain ground in IIoT use cases, particularly where data needs to be processed locally in real-time.

We can expect to see more and more enterprises pushing processing and analysis of data to the edge of the network with the aim to reduce data ingestion costs and network latency. Intelligent edge devices provide real-time decisioning, while historical analytics will take place in the cloud for in-depth analytical insights.

Suggested resources: 

Webinar:  The Intelligent Edge – the next frontier of IoT Innovation

Momenta:  Edge Computing for the Industrial IoT

i-Scoop:  Edge computing and IoT 2018 - when intelligence moves to the edge 

Stay tuned for our 3rd prediction in our Eight IoT Themes for 2018.