IoT Boom Expected in 2019

IoT boom will facilitate the emergence of next generation manufacturing. Manufacturing is buzzing about Industry 4.0, according to Stack, the term for a collection of new capabilities for smart factories that is driving what is literally the next industrial revolution. “IoT technologies are connecting new devices, sensors, machines, and other assets together, while Lean Six Sigma and continuous improvement methodologies are harvesting value from new IoT data. Early adopters are already seeing big reductions in equipment downtime (from 15 to 95%), process waste and energy consumption in factories. 

There are more than 50 billion connected devices in circulation today, generating an excess of eight zeta bytes of data between them. And that number is only likely to expand. However, only one percent of Internet of Things (IoT) data is currently analyzed and utilized. But all this is changing. Soon, IoT deployments will include a holistic mobile and cloud platform, consisting of planning and analysis with digital twins, operational autonomy and augmented human and machine interactions using cognitive AI services, predictive analytics, and supporting applications. This may be for the medium term but the early stages of this change will be seen over the course of 2019.