Digital Transformation
Digital transformation initiatives, particularly those centered around customer experience. In fact, it will drive the Internet of Things expansion velocity. Building a technology infrastructure is relatively easy. The challenge is operationalizing data-driven and decision-making which impacts the health of the business.
Major Adopters
Industrial asset management, inventory management, fleet management in transportation, and government security will be the emerging areas for IoT growth. Although, an increasing connectivity between data and people, the public sector can start with embracing smart cities, where sensors and automation ensure the reliability of services, particularly in the areas of a safe environment. Moreover, it enables use cases including improved air quality, reduce safety incidents, optimized traffic patterns, traffic fire incident prediction, and improved citizen identity.
Machine Learning
Artificial Intelligence and Machine learning represent a tremendous opportunity for the Internet of Things. Being able to predict when machinery will need to be repaired, self-optimizing production, and demand response is a few application examples. With existing network infrastructure is utilizing for "connected things" the investment spend on analytics that will higher as companies identify several ways to make sense of the enormous amounts of smart device-generated data.