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IIoT Top News: CES 2016 & the Fate of IoT

All eyes appeared to be on the Consumer Electronics Show (CES) 2016 in Las Vegas since last week, as more than 3,600 companies unveiled the IoT and IIoT innovations we can all expect to see in the coming year. This year’s CES showcased plans to make the car a complete mobile office—with technology in place to allow Skype calls and the use of Microsoft 365 from the car. The other hot theme at CES was drones – not a surprise since these unmanned crafts have pulled us in like a tracker-beam to the mother ship. The autonomous ‘copter drone was one of the most impressive releases with the reality that the businessman of tomorrow doesn’t need a private jet, just a ‘copter drone and a smart phone.

Now, as we watched all the products rolled out for their various purposes, it seems we have more connected things to add to an already expansive connected world. How will IoT connectivity technologies weather the storm as demand continues to skyrocket?

According to IDC Research, IoT is about to take center stage by globally growing from $656 billion in 2014 to $1.7 trillion by 2020. The buzzwords of 2016 and beyond, IoT and IIoT specifically, simply show we are moving to an “everything is connected” environment.

Naturally, once the luster of a shiny new thing wears off, we are tasked with the goal of protecting a critical piece of the IoT world – the data. Businesses need to make sure they are keeping information safe and secure. In this digital innovation age, plenty of industries (and therefore technologies) can’t afford a hack or cybersecurity breach at any time, for fear of customer loss.  Companies need to trust their digital information infrastructure will be not only be safe, but also high-performing – or they could very well risk extinction altogether.

This week’s IIoT top news post takes another look at the fate of IIoT, as many new “connected things” hit the market this year.

Hope you enjoy this week’s recap, and as always, tell us what we missed!

Enterprise IoT Projects Will Be Costly, Lengthy and Vulnerable, Says Gartner (Computer Weekly)

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As the IIoT continues to inhabit day-to-day life, it’s not a surprise that, fifty percent of businesses will use some form of IoT systems by the year 2020. Gartner states that, “By 2020, addressing the black market and other compromises around IoT security will push overall security budgets up, with IoT costs expected to account for twenty percent of annual security budgets, compared with one percent in 2015.”

Does Anyone Really Care About the Internet of Things? (Forbes)

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In this latest article by Forbes, Todd Hixon claims the term IoT was coined 17 years ago and he is still waiting for the killer ultimate app to come out. Hixon further suggests that when it comes to IoT, “Most of the time people prefer to ignore security and focus on more immediate needs and wants.”

CES 2016 Takeaways: IoT Could Be the Death of Your Security Network (Network World)

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The real takeaway from CES 2016 is the overall lack of security for all these new IoT gadgets entering the market and how they fit into the IIoT ecosystem. Tom Henderson, from Network World believes the fate of IoT after CES is that “The damage, the damnation, the truculent total churl of the event was this: all of the new Internet of Thingies/IoT/KewlGear has no cohesive security strategy.”

The Internet of Things: Hyped But Here to Stay (USA Today Tech)

IoT Hype

As the magnitude of connected things get ready for their clos-up, it would appear all the hype for IoT is here to stay. Edward Baig, with USA Today reports that, “You couldn’t walk around CES this week without hearing about or bumping into products related in some way to IoT, the tech industry’s inelegant way of describing all things connected.”

What’s Next for the Internet of Things? (TECHCO)

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Sensors, software, electronic devices and M2M have taken over our daily lives. So, what’s next for IoT? Monoka Jha, with Tech.CO thinks the industry plan needs, “To use the Internet of Things optimally, we need to connect a device to different industries through varied media. For that to happen, the different industries need to have a common physical medium.”

The post IIoT Top News: CES 2016 & the Fate of IoT appeared first on FreeWave WaveLengths.

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Scott is an executive leader with more than 25 years of experience in product lifecycle management, product marketing, business development, and technology deployment. He offers a unique blend of start-up aggressiveness and established company executive leadership, with expertise in product delivery, demand generation, and global market expansion. As CMO of FreeWave, Scott is responsible for product life cycle/management, GTM execution, demand generation, and brand creation/expansion strategies.

Prior to joining FreeWave, Scott held executive management positions at Fluke Networks (a Danaher Company), Network Associates (McAfee), and several start-ups including Mazu Networks and NEXVU Business Solutions. Scott earned his BA in Computer Information Systems from Weber University.

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