What will be the next IoT trends in 2018?

IoT Trends 2018

What will be the next IoT trends in 2018?

This year is coming to an end. We have all started our plans for 2018, setting new goals and objectives for the future. As part of our upcoming plans, we need to be aware of the trends set for 2018. So, what is estimated to happen within the IoT world?

It´s all about data. IoT data will become critical. Offering a service to our customers is not enough anymore, we need to add a new data layer to enhance it. Data becomes fundamental to build new services for our customers, which helps to reduce our churn and it can lead us to new ways of monetization, making our business more sustainable. When knowing our customers, we can build new services and improve our current offering.

By entering the information services industry, distributors will be participating in a market worth $250 billion globally, with segments attractive to distributors growing between 5 percent and 11 percent annually, according to market research firm Outsell.

New European regulations support IoT data. 45% of data and analytics decision makers at US enterprises say they already commercialize their data, whereas only 35% of those at French and 38% at German enterprises do so, according to Forbes. With the coming EU regulation, the European Commission is recognizing this lag and addressing it to encourage the use of technology to monetize data. The European Union aims to give citizens back control over of their personal data, and simplify the regulatory environment for business with this new set of rules, which shall apply from 25 May 2018.

Companies will define their own IoT real use cases. In 2015, businesses alone created 2.4 zetabytes – that’s 2.4 trillion gigabytes of data, and this number is set to quadruple by 2020, according to a report by Oliver Wyman. The great amount of data that business generate needs to be defined and customized depending on their needs. One of the first questions is always around how an organization should use its data. Companies should study their own business to define accurately how to provide differentiation and monetize their data more effectively. Business-changing success stories powered by IoT will soon be common for all of us. Net4Things DataMarketing module helps companies define real use cases, supporting companies across their monetization journey.

As we look to the future of IoT, are you ready to apply these trends to your business in 2018?

This year is coming to an end. We have all started our plans for 2018, setting new goals and objectives for the future. As part of our upcoming plans, we need to be aware of the trends set for 2018. So, what is estimated to happen within the IoT world?

It´s all about data. IoT data will become critical. Offering a service to our customers is not enough anymore, we need to add a new data layer to enhance it. Data becomes fundamental to build new services for our customers, which helps to reduce our churn and it can lead us to new ways of monetization, making our business more sustainable. When knowing our customers, we can build new services and improve our current offering.

By entering the information services industry, distributors will be participating in a market worth $250 billion globally, with segments attractive to distributors growing between 5 percent and 11 percent annually, according to market research firm Outsell.

New European regulations support IoT data. 45% of data and analytics decision makers at US enterprises say they already commercialize their data, whereas only 35% of those at French and 38% at German enterprises do so, according to Forbes. With the coming EU regulation, the European Commission is recognizing this lag and addressing it to encourage the use of technology to monetize data. The European Union aims to give citizens back control over of their personal data, and simplify the regulatory environment for business with this new set of rules, which shall apply from 25 May 2018.

Companies will define their own IoT real use cases. In 2015, businesses alone created 2.4 zetabytes – that’s 2.4 trillion gigabytes of data, and this number is set to quadruple by 2020, according to a report by Oliver Wyman. The great amount of data that business generate needs to be defined and customized depending on their needs. One of the first questions is always around how an organization should use its data. Companies should study their own business to define accurately how to provide differentiation and monetize their data more effectively. Business-changing success stories powered by IoT will soon be common for all of us. Net4Things DataMarketing module helps companies define real use cases, supporting companies across their monetization journey.

As we look to the future of IoT, are you ready to apply these trends to your business in 2018?