LOOKING INTO A CRYSTAL BALL: WHERE WILL THE IOT TAKE US IN 2017?

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Internet of Things/IoT as a Descriptor Will Begin to Disappear

Even toward the end of this year, we saw less and less use of the term “IoT” in favor of more descript – “connected” products, devices, wearables, etc.  The reason being is that the Internet of Things is a really broad term.  One that actually refers to the full network of IoT devices – not the devices themselves.  When the IoT was first talked about, it was referred to in this way – and as companies began to develop for the IoT it was the best way to describe it.  Today, we are seeing vendors and product companies moving away from that term and focusing more on their specialization as opposed to the whole ecosystem and I suspect we’ll see more of that in 2017.

Security Will Continue to Dominate Conversations

It’s no secret that security breaches this year dominated many IoT conversations.  While the most recent security stories focused on older IoT devices like routers and DVRs, it was definitely enough to get the whole industry talking.  While I don’t believe these conversations were enough to shake consumer confidence or affect business decisions to offer connected products, it certainly pushed security up to the top of the priority list (as it should be).  In 2017 we will likely see these security concerns push standards forward and may even see regulations as they pertain to privacy and data sharing.  We will also see security solutions emerge specifically for the IoT.  As we have discussed time and time again, IoT brings with it a whole new set of security challenges and security needs to be purpose-built for the IoT (i.e. we can’t just retrofit current security solutions) and that is a big opportunity for competitive differentiation for platform vendors as well as an opportunity for the entire security industry.

 

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