A Google search for “Internet of Things” term reveals over 280,000,000 results, thanks to the media making the connection between the smart home wearable devices, and the connected automobile, IoT has begun to become part of the popular parlance. But that’s not the complete picture, according to Gartner’s Nick Jones, vice president and distinguished analyst “The IoT demands an extensive range of new technologies and skills that many organizations have yet to master,” he added “A recurring theme in the IoT space is the immaturity of technologies and services and of the vendors providing them. Architecting for this immaturity and managing the risk it creates will be a key challenge for organizations exploiting the IoT. In many technology areas, lack of skills will also pose significant challenges.”
In the coming years, IoT will look completely different than it does today. IoT is a greenfield market. New players, with new business models, approaches, and solutions, can appear out of nowhere and overtake incumbents. But business is the key market. While there is talk about wearables and connected homes, the real value and immediate market for IoT is with businesses and enterprises. The adoption of IoT will be much more similar to the traditional IT diffusion model (from businesses to consumers) than the consumer-led adoption of social media and personal mobility.
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The Internet of Things (IoT) is here and is becoming an increasing topic of interest among technology giants and business communities. The hype is not baseless as there are enough evidences to support the success of “Internet of Things” in the coming years.
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