Do you know the amount spent on the Internet of Things globally is predicted to touch $1.2 trillion by 2022? Yes, you read it right and in fact, the adoption of IoT devices and services is believed to hit 20% in 2019.
As you know, the IoT keeps on evolving as the developers continue to discover newer methods of exploiting this powerful concept of connecting everything. As such, it becomes crucial to keep up with the latest trends that dominate the tech and IoT industry. In 2019, the IoT is expected to witness some major trends that may set its trajectory for years to come. From artificial intelligence and edge computing to connected clouds and 5G, the road ahead looks promising. So, without further ado, let’s take a look at the top Industrial IoT trends to watch for in 2019.
Advanced AI Algorithms
In 2019, the use of artificial intelligence is expected to rise considerably in the industrial setting for various processes. Businesses will be able to improve their operations with the help of machine learning and deep learning programming. In order to boost productivity and reduce downtime, AI and Industrial IoT will merge to digitize production processes. AI in manufacturing is expected to transform the operations and tackle production line challenges such as reducing production waste and minimizing unexpected downtime. This will become possible because AI will be used to make sense of the massive amount of collected data.
The edge architectures are also believed to develop further in the IoT space in the near future. This is because, with the increasing power of devices in 2019, manufacturers will look to exploit the benefits of local data processing and AI capabilities, known as edge computing. This will be an economical and effective solution for handling data where a network stores data in micro-centers for processing. Cloud, on the other hands, poses security risks of storing raw data, as well as it puts a financial strain on manufacturers. However, edge computing makes it possible to reduce cost and offers better security because it stores data close to its source.
The tech world is already abuzz with the next generation of cellular networks. The 5G is going to take a top spot in the IoT market by optimizing power consumption, bandwidth, latency, connection density, and operating cost. In 2019, 5G will transform the landscape of the IoT by offering improved quality of service and range.
As discussed above, the companies using the cloud to store data needs to spend a huge amount of money. In addition to this, there is a security risk and need for massive bandwidth to access data. As such, to address these issues, new cloud infrastructure is going to make its way in 2019. Till now, enterprises were using only a public cloud, a private cloud, or a private data center. However, now these companies are looking for the optimal blend of all these solutions. And this is where connected clouds have emerged as a promising option. This “multi-cloud environment” is expected to gain widespread adoption in 2019.