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Internet Of Things To Grow In The Cloud

Internet Of Things To Grow In The CloudWithin the next five years, the IDC has forecast more than 90 per cent of all IoT data will be hosted on service provider platforms, with cloud computing reducing the complexity of supporting IoT “data blending”.

Other predictions made by the IDC include:

– Within two years, 90 per cent of all IT networks will have an IoT-based security breach, although many will be considered “inconveniences”, forcing the adoption of new IoT policies.

– By 2018, 40 per cent of IoT-created data will be stored, processed, analysed and acted upon close to, or at the edge, of the network.

– Within three years, 50 per cent of IT networks will transition from having excess capacity to handle the additional IoT devices to being network constrained, with nearly 10 per cent of sites being overwhelmed.

– By 2017, 90 per cent of data centre and enterprise systems management will rapidly adopt new business models to manage non-traditional infrastructure and the bring your own device categories.

– While today over 50 per cent of IoT activity is centred in manufacturing, transportation, smart city and consumer applications, within five years all industries will have rolled out IoT initiatives.

– Competing to build innovative and sustainable smart cities, local government will represent more than 25 per cent of all government external spending to deploy, manage and realise the business value of the IoT by 2018.

– By 2018, 60 per cent of IT solutions originally developed as proprietary, closed-industry solutions will become open-sourced allowing a rush of vertical-driven IoT markets to form.

– Within five years, 40 per cent of wearables will have evolved into a viable consumer mass market alternative to smartphones.

– By 2018, 16 per cent of the population will be Millennials and will be accelerating IoT adoption due to their reality of living in a connected world.

Vernon Turner, IDC senior vice president of research, observed the IoT “will give IT managers a lot to think about”.

“Enterprises will have to address every IT discipline to effectively balance the deluge of data from devices that are connected to the corporate network,” Turner commented.

“In addition, IoT will drive tough organisational structure changes in companies to allow innovation to be transparent to everyone, while creating new competitive business models and products.”