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.8:
Progress on Standards, but no Rosetta Stone for IoT yet
We expect to continue to see progress around interoperability and reference architectures in 2018, but the “alphabet soup” of consortia and standards organizations will continue to create confusion. The valuable work advanced by IEEE, ISO, the Open Interconnect Consortium, the Thread Group, the Industrial Internet Consortium and the AllSeen Alliance is enhanced by the OpenFog Consortium, EdgeX Foundry and the Trusted IoT Alliance.
Looming in 2018 are the GDPR (General Data Protection Regulation) standards, set to come into effect in May. GDPR will harmonize data protection regulations across the European Union, and create new imperatives for the treatment of critical and private data.
Suggested resources:
Postscapes: IoT Standards and Protocols
IEE: Three major challenges facing IoT
Momenta: Ensuring free flows of data for the Internet of Things
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