What Direction IoT & Artificial Intelligence is Likely to take in 2018

access_time January 7, 2019
by   TechmavenitAdmin
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As the year 2017 gives way to 2018, several questions baffle people’s mind, with the major one being what direction IoT & AI is expected to take in 2018. As everyone knows, IoT & AI have transformed a number of industries such as finance, banking, healthcare, logistics, manufacturing and much more and have greatly been instrumental in helping industries and institutions achieve greater levels. Regarding the direction IoT & AI are likely to take in 2018, many have given various predictions basing on several parameters. Let us now take a closer look at some of these major predictions. Increase in number of connected devices Internet is all about connecting devices and the year 2018 is expected to witness more and more smart devices getting connected and being  part of  IoT. These smart devices could include smart doors, smart locks, smart refrigerators, smart lights, smart TVs and much more. The growth in the number of connected smart devices will allow for greater utilization of IoT benefits including better comforts and improved living standards. More voice based services likely to be rolled – out by enterprises Enterprises will ramp up efforts to roll – out voice- based services to consumers. With voice search rapidly increasing in popularity, enterprises should identify the best ways to capitalize on this preferred voice search shift. A greater number of industries are likely to take to this method as a way to offer better customer experience and grow their business, since voice search is more user – friendly and helps customers get immediate answers to their queries. Arrival of intelligent apps & use of analytics It is expected that in the coming year, every app, application or service will incorporate artificial intelligence at some level and use advanced analytics and intelligent processes to provide better user experiences. Artificial intelligence has become the next major battleground in a wide range of software and service markets. These intelligent apps, however, should be considered as augmenting human activity and not for replacing people. More data commercialization to take place There will be huge volume of data that will be available and artificial intelligence and analytics will be made use of to access and leverage this data. Data collection and analytics is playing a crucial role presently and providing companies with valuable inputs, helping managements make better informed decisions. Intelligent assistants like Amazon Alexa and Google Assistant will help in providing better interaction with consumers and develop better brand experience. IoT integration in the cloud According to Forrester report, more and more IoT connectivity and integrations will happen in the cloud as cloud integration offers the benefit of lower adoption costs, faster deployments, global reach, lower maintenance costs and easier integration with other systems among others. Microsoft Azure and Amazon Web Services will probably be the biggest beneficiaries as they are the most sought after. They will be followed closely by IBM cloud, Google cloud platform, SAP cloud platform and Oracle cloud among others. IoT Security issues may raise concerns Forrester predicts that cyber attacks and other security issues will crop up in the coming year. As smart technology and IoT becomes more widespread, safeguarding customer data is now even more important. We will witness a large number of cyber attacks on IoT devices as well as on the platforms they run on. These will prove to be disastrous and could cause immense harm to institutions, banks, sensitive government departments etc. According to a Gartner report, companies are aware of such threat perceptions and seek to prevent it before it does any potential harm. Global spend on information security products and services will grow to a massive US$ 93 billion in 2018  

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