Peggy Smedley says we can expect 12.86 billion IoT sensors and devices to be in use by 2020 in the consumer sector alone, and vertical-specific sensors and devices will exceed 3 billion by 2020, but she says the IoT has work to do before it starts living up to all the hype. She explains that as an industry, we need to be really meticulous and slightly cautious when bringing IoT devices and solutions to market. She also says we need to keep talking about performance issues and security issues and sharing best practices with each other—even in cross-industry situations. Finally, the more communication within the industry, the better it will be for everyone in the long run.
2 A Vertical Discussion for IoT
Peggy chats with Mobeen Khan, AVP product marketing management Internet of Things Solutions, AT&T, who says the cadre of customers and the customer interaction was just amazing at the AT&T Business Summit last month. Also, he explains that AT&T is becoming very embedded in different verticals. He says the challenges faced by each vertical is different in nature. For example, fleets need to comply with mandates, but they also have a big focus on worker safety—which is one case of how a vertical has unique challenges. On the other hand, retail needs to manage floor space versus online, as another instance. Each has a different pace at which they want to make investments. He explains that just like any other technology, network technology goes through an evolution. There are three things AT&T thinks about when it thinks about 5G: speed, latency, and adoption of IoT.
3 Ecosystem: Find Your Support
Peggy and Josh Peschel, assistant professor, agricultural and biosystems engineering, Iowa State University, says we have been seeing orphaned technology for decades. In some respects, it depends on which part of the technology market, as little guys are more innovative, but have technology that disappears tomorrow, while the big guys are able to absorb those things. An ecosystem enables a company or community to support a technology that may turn into legacy. He adds any technology throughout the world has been vulnerable and the market is responding to that with companies with niches can help address cybersecurity issues. We have technologies—that may or not be secure—and next year may have a different protocol, but over time people who educate themselves and become specialists will increase.