2019 will be characterised by a number of key developments. Spending on IoT will increase modestly, but will be heavily dependent on line-of-business (LOB) budgets. Deployments will further scale in 2019, enabled by more efficient platforms, standardisation among cloud providers supporting the IoT and the lower cost of devices. Edge computing is helping companies manage the data tsunami more efficiently and uptake looks promising, as does adoption of geo-location to provide valuable context and traceability across supply chains, while many companies will take a harder look at AI and Machine Learning and how they can help with decision making in 2019.

With increasing amounts of IoT data stored and managed in company IT systems, companies are starting to see the value from IoT data. As a result, operational solutions are scaling and IoT is becoming more of a strategic imperative for companies. Underpinning advances in IoT are GRC (Governance, Risk and Compliance) challenges and responsibilities that come from collecting, storing, managing and interpreting huge amounts of data. 2019 promises to be an exciting year for the IoT!

For our analysis of these and other 2019 trends in IoT, the report The Top 10 Trends in the IoT in 2019, is available to subscribers here.

Check out the free Executive Summary of the report here