IoT TRANSFORMING LIVES AND 2019 TRENDS · IoT is expeditiously revolutionising our lives with...

TATA TELE BUSINESS SERVICES

IoT - TRANSFORMING LIVES AND 2019 TRENDS

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Author name : Tata Tele Business Services


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TRANSFORMING LIVES AND 2019 TRENDS

Table of contents

1. Abstract

2. The Internet of Things – The Next Big Thing

3. IoT – Transforming Life

4. IoT Implementations – Transforming Lives

5. 2019 IoT Predictions and Trends

6. Conclusion


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Abstract IoT –Transforming LifeBy and large, IoT has immensely transformed

and eased out our lives while providing mas-sive luxuries as well as a plethora of career and business opportunities across all industries. This whitepaper walks you through how IoT has turned around our lives and contributed to smarter, more comfortable living. The whitepa-per also talks about various trends and predic-tions about IoT for the current year 2019.

The Internet of Things –The Next Big Thing

Once, it was inconceivable to the human mind that inanimate things would one day connect and communicate with each other and with humans. The Internet of Things, or IoT as it is popularly known, is the most trending technol-ogy that has made possible instant communi-cation between things and humans. Compa-nies are embracing IoT to deliver enhanced customer experience and optimised business opportunities with additional revenue channels across industries.

Apart from being adopted by businesses, this niche technology has made its way to our lives seamlessly and has transformed human living entirely. Almost every sector is leveraging IoT potential to deliver better products and service offerings.

IoT-enabled sensors and devices con-tribute to agriculture, healthcare, auto-motive and manufacturing industries and the transformation of cities to make life smarter, easier and more comfortable. This disruptive technolo-gy revolves around various advance-ments in network capabilities, connec-tivity, cloud computing and data ana-lytical tools. The availability of smart devices at low costs and the reduced costs of computing, storage and accessibility over cloud platforms are added perks.


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IoT is expeditiously revolutionising our lives with wearable devices, remotely operated appliances, smarter cities, enhanced health-care, effective environmental management and predominantly an all-around ecosystem of connected physical objects exchanging volu-minous information while interacting with each other. Businesses are transitioning to the new age IoT-embedded machines, processes and data, and individuals are taking it to evolve as the Internet of Everything (IoE).

Some distinguishing features of IoT thatmake it more sought after include:

Your appliances, devices and other items con-nected over a network virtually form what we call IoT. It has made it possible to access devic-es, appliances and assets from anywhere in the world remotely via virtual connectivity. For instance, an IoT-enabled smart lock can be managed using your device even if you are miles away.

IoT has facilitated manufacturing businesses to track every minute progress of their goods in production by monitoring the processes. Although manufacturing processes are highly controlled in real time, the addition of IoT has enabled the monitoring of the operations in far greater detail.

Data generated during the processes are captured and analysed to improve processes, thereby enhancing efficien-cy and reducing operational costs with cutting-edge IoT technology.

With far-reaching analytical capabili-ties, IoT sensors help in predicting nat-ural calamities and disasters accurate-ly. By optimising artificial intelligence (AI), machine learning and deep learn-ing sciences, IoT empowers business-es and environmentalists to envision what can occur to what extent and allows preventive measures to be taken ahead of any disastrous situa-tions.

For instance, LoRa (long-range) devic-es integrate low-power wide-area net-work sensors with wireless technolo-gy, and algorithms collect and relay data via IoT applications. Industry experts leverage the collected data to make accurate predictions on environ-mental calamities like earthquakes and volcanic eruptions. Similarly, ma-chine learning and AI are used routine-ly to track hurricanes and infer their course and wind speed with hourly forecasts. This enables the timely movement of people and material to safer areas.

Anywhere Access to Yourthings

Predicting Disasters

Monitoring Processes

IoT Implementations– Transforming Lives

Homes

IoT devices are configured to connect virtu-ally regardless of their locations and types, which enables smooth and flawless transfer of the information and data in the form of data packets with utmost security over the Internet. Things can communicate, receive and send the data efficiently via IP. This automation not only improves business functions but also helps people to exchange viewpoints and carry out discussionsplacidly.

Easy and Secure DataTransfer


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The idea of smart homes well-decked with smart appliances like music systems, auto-locking doors, sensor-based lighting and heating systems, smoke detectors, security cameras, and smart pet care devices and solu-tions has turned the entire concept of living on its head. Smart homes are the most attractive element of IoT to humankind.

A simple home can be converted to a smart home by deploying IoT-enabled devices inte-grated with IoT applications.

The global smart home market regis-tered a value of USD 39.68 billion in 2017 and is projected to grow at CAGR of 25.30% during 2018-2023, to be valued at USD 159.68 billion by 2023.

The smart home market is exploding with innovative smart devices and appliances, including interconnected security and surveillance lighting, heat-ing, ventilation, air conditioning and refrigeration systems to make life more leisurely and effortless with intel-ligent automation.

These accredit the monitoring of energy and water usage, utilise smart thermostats, and automatically turn the appliances on or off to conserve energy thereby saving on the expendi-ture.

Diverse home security concerns can be sub-stantially addressed with IoT devices such as keyless deadbolt locks, camera-equipped doorbells, intruder detection sensors and inte-grated IoT apps just by talking to the home. Google Home and Amazon Echo are some of the most prominent smart home solutions em-braced by people across the world.

IoT has significantly contributed to healthcare by providing doctors with quick access to patients’ data captured through continuous monitoring. IoT-empowered healthcare devic-es enable healthcare practitioners to monitor patients precisely and identify the indications of underlying diseases or deteriorating health conditions by collating the recorded data for early intervention. These interconnected devic-es generate useful insights and enable doctors to measure the health trends of their patients over time and between follow-up sessions.

Healthcare


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As an instance, during the Ebola out-break in 2015 in West Africa, sensors integrated to the medical devices ena-bled accurate and efficient testing of the patches and tracking heart rate, respiration rate, blood oxygen satura-tion and temperature. The collected data could be transmitted over Blue-tooth, thereby reducing the physical interaction with infected people.

The advancement of IoT into the medi-cal sector, also called the Internet of Medical Things or IoMT, is gaining immense popularity for providing better care to the ageing population and patients at risk, while reducing soaring healthcare costs. Infant moni-toring IoT-integrated devices are used by doctors across the world to track parameters such as heart rate, breath-ing rate and sleep positions to lower instances of Sudden Infant Death Syn-drome (SIDS).

The proliferation of mobile technology has made healthcare leverage new applications to address profound chal-lenges with enhanced business insights, operational efficiencies, new revenue streams and improved pro-cesses.

2018 recorded shipment of around 101 million IoT-enabled medical devices, and around 161 million IoT devices are expected to be shipped worldwide by 2020.

IoT solutions that have been created with detailed data analysis and edge computing are contributing tremendously to the new era in urban development. Edge computing stream-lines and processes the data very close to the edge of IoT devices nearer to where they are created instead of sending to remote clouds or data centres. The advanced technological components allow for real-time collating of data and enable enhanced usage of energy, lower pollution levels and an improved and holistic quality of life for the inhabitants of smart cities. Digital transformation of cities with IoT helps in devising environmental, social and financial strategies for smart cities.

The Urban Internet of Things is gradual-ly growing and assisting in retrofitting the entire city structures to improve the inhabitants’ lives with effective traffic management, smart architecture, energy management, and enhanced security and privacy of the citizens.

An array of smart city solutions like smart meters, smart bins, smart street lights, integrated city parking applica-tions and emergency response vehicles, among others, is equipping govern-ments to convert conventional city layouts and administration into new age futuristic hassle-free and well-managed smart cities. IoT has facilitated effort-less monitoring of waste levels, auto-adjustment of brightness of the street lights on sensing a nearby pedes-trian, reducing road congestion and vehicle emissions, collecting parking fees, providing public transport with free Wi-Fi, USB charging stations, plot-ting efficient bus routes, finding shorter routes and minimising the chances of encountering a red light, and so on.

City Planning


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A range of IoMT devices, including smart moni-toring systems, continuous glucose monitor-ing (CGM), insulin pens, connected inhalers, ingestible sensors, connected contact lenses, depression monitoring smartwatches, asthma monitors, and many more have taken health-care to a new unimaginable level with enhanced disease management and cure.

Various kinds of agricultural drones also help in crop spraying while analysing fields and monitoring crop health. These drones capture the data such as plant count, yield prediction, plant height and health indices, canopy cover mapping, field water ponding, stockpile and chlorophyll measurement, scouting reports, nitrogen content in plants, drainage and weed pressure mapping and many more. The collected data later helps farmers to devise more effective strategies for increased crop yields.

Dynamic environmental conditions and mas-sive food production needs for a skyrocketing population require more agile agricultural practices to be adopted worldwide. IoT em-powers farmers to overcome various challeng-es to their occupation and aids in augmenting the quantity, quality and cost-effectiveness of producing crops.

Agriculture


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For decades, telecom was considered as a high-technology industry due to its rapid expansion driven by innovations that revolved around the Internet and smartphones. Every other day, telcos come up with new services to capture new geographies that add to the com-plexity of managing business functions, and the launching and promotion of new services for eliminating neck-and-neck competition. Adoption of IoT by telecom companies derives more optimised business opportunities for enterprises, which, in turn, instils increased operational efficiency and intensifies revenue streams.

The telecom sector ranks high in the list of companies surveyed to observe their spending on IoT technology.

Telecommunications

The advancement of IoT technology is facili-tating smart agriculture, also known as preci-sion agriculture. Precision farming leverages robotics. Sensors and variable rate technology allow microclimate conditions with smart greenhouses and other smart solutions cus-tomised to provide an environment for gaug-ing temperature and moisture for the optimal growth of crops. Farmers can now maximise crop yields with minimal resources like seeds, water, and fertilisers by deploying sensors to the mapping fields. IoT helps farmers to meas-ure several variables and get more accurate recommendations to apply fertilisers and wa-tering.

Besides smart healthcare, environment management, city planning and other contributions to human life mentioned above, IoT has alleviated the quality of life in many ways. Seamlessly becom-ing an integral part of our lives, IoT is the most trending technology of today. The de facto IoT applications that everybody is gravitating towards include:

: 5G mobile connectivity will be available for commercial activities around 2020. The industry has already initiated the development of 5G products and relat-ed global standards to help industries across verticals. The recent Mobility Report from Ericsson AB indicates that around 550 million 5G subscriptions will be granted in 2022, with the Asia Pacific to be the second-fastest growing region having 10% of all 5G subscriptions.

Researches reflect that 60% of the telecom companies use digital devices and 16% of companies deploy wearables to monitor their customers and strategise their products based on the captured data. More importantly, telecom companies deploy IoT-enabled devic-es to record data. The compilations help enter-prises create precise customer segmentation, more agile service delivery, more customer-fo-cused marketing and sales campaigns and generate greater insights for their sales force adding to enhanced performances and cus-tomer experiences.

2019 IoT Predictionsand Trends

Top Trends

• The 5G era


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• Smart cities and smart homes


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IoT-empowered AI, deep learning and machine learning technologies are making swift headway, and their impact can be clearly seen in nearly every industry including automotive, telecom-munications, customer service and healthcare, among others.

Companies capture volumes of data and convert into useful information and sale-purchase transactions of data with other businesses. This is leading the infonomics to become a crucial strate-gic asset for companies that anticipate opportunities and risks associated with data broking.

The transformation of conventional cities and homes to the new age smart cities and smart home equipped with all futuristic things is still the hottest trend that is projected to soar high in the coming years.

• Artificial intelligence (AI)-integrated IoT

• Data broking and IoT- empowered infonomics


• IoT governance


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Gartner says that the IoT sensor market is evolving at a great pace and is expect-ed to continue until 2023. New sensors will have the capabilities to detect a broader array of criticalities and events. The price of existing sensors is expect-ed to go down. Sensor innovations are being identified as the most profitable business opportunities.

Edge computing revolves around devic-es and technologies associated with the things in IoT, such as industrial ma-chines. An IDC report projects the edge infrastructure spending to attain up to 18% of the total expenditure on IoT infrastructure.

Big brands like Google and Salesforce have already launched their IoT clouds, which provide intuitive tools for con-necting, processing, storing and analys-ing data in the cloud and at the edge.

With the tremendous expansion of IoT, the need for an appropriate governance frame-work has become indispensable to ensure effective creation, storage, use and cancella-tion of IoT projects’ information.

• Sensor innovation

• Edge computing

• Cloud IoT solutions



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Gartner foresees the new IoT network technologies to liberate businesses with more flexibility for addressing all such issues with wireless networking.

Given the voluminous generation of data by IoT devices, various social, legal and ethical issues are also expected to increase. Diverse problems relating to data ownership, privacy and compli-ance with regulations such as GDPR are the important focus areas in the IoT technological revolution.

IoT User Experience (UX) and user interface (UI) are two more focused IoT development this year. New sensors, algorithms, architec-tures, socially conscious experiences and modernistic UX design technologies are the driving factors of IoT development as the latest trend this year.

IoT networking needs to address different aspects including connection density, power consumption, latency, bandwidth, operating and endpoint cost, quality of service, and range.

These cloud IoT solutions offer scalable, robust and fully-managed cloud services with integrated software stack to enable edge and on-premises computing, addressing dynamic IoT needs with machine learning capabilities.

• IoT UI/UX development

• IoT-enabled wireless networking

• Social, legal and ethical aspects of IoT



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• According to IDC, global technology spend-ing on IoT is expected to reach $1.2 trillion in 2022 with a CAGR of 13.6% over the forecast period 2017-2022.

• A recent survey of 750 tech leaders conducted by KPMG in 2018 predicted that IoT would drive the most signifi-cant business transformation during the next three years.

•Ericsson projects the number of cellular IoT connections to reach 3.5 billion in 2023 with a CAGR of 30%.

• A report from DBS Asian Insights reflects that the adoption of IoT devices and services will achieve an articulation of 18% to 20% in 2019.

• The adoption of IoT by the automotive industry is expected to grow by 37 times from 2014 to 2020, according to Deloitte.

• Gartner predicts a significant increase in spending on IoT endpoint security solutions, increasing from $240 million to $631 million between 2016 and 2021 with a CAGR of 21.38%.

A Gartner Research report projects 14.2 billion things to be connected over the Inter-net in 2019, which would reach 25 billion by 2021.

IoT technology is continually evolving at a breakneck speed, and the trend is sure to con-tinue in the foreseeable future. Industry experts predict expeditious adoption and acceptance of IoT worldwide with aggressive-ly advancing technological elevation.

IoT, undoubtedly, is becoming an inte-gral part of our lives. From start-ups to established enterprises, nearly all futur-istic businesses are engaged in devel-oping newer IoT solutions. Human life is on the verge of taking a steep turn towards the unimaginable era of a world constituted of interconnected objects. The trends and predictions about IoT are a clear indication of a drastic transformation of human lives and critical business functions. Com-panies need to precisely monitor and follow the most sought-after trends elaborated in this paper to stay ahead of the game and continue on their growth trajectory.

Industry Predictions

Conclusion


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