The report offers the firm’s five 2020 predictions designed to help CIOs and their business counterparts tackle the rapidly changing internet of things (IoT) landscape to deliver and enable connected products and business operations.

“The internet of things (IoT) is proliferating across consumer products, industrial operations, and supply chains,” says Frank Gillett, VP, Principal Analyst at Forrester. “In 2020, business use of IoT will keep expanding as it’s added to more products and business operations. Just as the market has come to expect updated digital experiences, it will begin to expect the same from experiences in the physical world.”

The report includes the following IoT predictions:

  • Smart speaker displays will proliferate. In 2020, Amazon, Baidu, and Google will drive major adoption of smart displays – smart speakers that have a phone, camera, or tablet-sized screen to enable visual responses and interactions. These devices will also play a growing role in the workplace.
  • A product OEM will be targeted by a ransomware attack. Cyberattackers have so far targeted companies with ransomware by hacking their internal computer systems. But in 2020, we expect to see attackers instead go after the company’s products in the hands of customers. They will block connection or operation of connected products such as home lighting or manufacturing machinery until the product maker pays a large ransom.
  • A major product-as-a-service ecosystem will launch. Connected products create a constant communication flow between customer and product maker, which also creates ongoing costs for product makers, who need to monitor experiences and send software updates. To offset these costs, OEMs are seeking new revenue sources for their connected products. In 2020, we predict a major consumer or B2B provider will convert from product sales to an IoT services offering, backed by partners in an ecosystem.
  • IoT architects will integrate 5G into new designs. 2020 will bring 5G to IoT devices, which have traditionally transmitted data using low-power wireless personal area networking (LoWPAN) technologies. 5G will be used to augment existing LoWPAN networks to provide backhaul information, passing data to telecommunications networks en route to destinations like the cloud.
  • Connected trucks will use IoT to catalyze logistics and supply chain transformation. In the trucking sector, IoT will offer better insights into what trucks are carrying, preventing less carrying around of empty loads. It will also enable increased truck driver assistance and traffic safety, while paving the way for fully self-driving trucks in the future. IoT will also transfer over efficiency and safety into the supply chain, where IoT devices in warehouses will be used to safely operate machinery and move heavy items around on automated carts, as well as improve end customer experience by tracking inventory.

For more, see the full report: Predictions 2020: The Internet Of Things.

Related articles:
IoT to reshape businesses in 2018, predicts Forrester
IEEE: The top 10 technology trends for 2019
IoT spending predicted to reach $1T worldwide in 2020
‘Three big predictions’ for sensors in security, surveillance markets
Top 10 smart industries market forecast

If you enjoyed this article, you will like the following ones: don't miss them by subscribing to :    eeNews on Google News


Linked Articles