Next year, 5.5 million devices will be connected to the internet every day. To take full advantage of this, CIOs will need a good work basis to extend their capabilities to perform accurate and strategic decisions to drive business growth.
CBR lists ten wishes that CIOs dream off for next year.
1. More partnerships
The IoT is an ecosystem that needs many different components to actually work. In order to tap into these components – which span from software to hardware – companies have to partner and to come together under the same flag.
Businesses that fail to do so and think that going solo is the way will not survive. Just look at the bigger players like IBM, Cisco, Samsung or Intel, they all have entered into partnerships with other companies and are now part of consortiums and alliances.
In 2016, partnering with others should not just be a wish, but a priority to businesses, with CIOs playing an imperative role in convincing their companies to get other players under their umbrella. After all, there is only one internet, and this is always described as the Internet of something – things, people, everything, you choose.
2. Edge analytics
Data, Big Data, small Data: it does not matter the size of it. We need to understand what we are harvesting from devices, and that analysis needs to happen as fast as possible. It is about deciding what data is important to keep and making real-time decisions in the shortest time possible.
Take smart cars for example: a latency of seconds – while data travels to a central data centre – could result in the death of someone, because while a car is moving at 80mhp. Between something going wrong and the final impact, it might just be a fraction of a second.
Edge computing will help reduce analytics time and deliver the real IoT, where things can actually communicate responsively in real-time.
3. Common standards
Whether we are talking IoT, iIoT or M2M, interoperability is key for the success of the smart ecosystem. CIOs are faced with challenges when it comes to devices or smart services not being able to work with other manufacturer/provider’s products.
The wish for common standards has come a long way, and the industry has always seemed to manage to pull it out. However, with the IoT is all about adaptability and quick response, and the industry as a whole needs to agree on common guidelines.
Ultimately, this will be strategic to win consumers’ interest.
4. A smaller skills gap
As analysts predict billions of devices to get their own IP over the next few years, CIOs are increasingly finding it harder to find the right people to do the job.
Computer programming, user interface, business intelligence, hardware engineering and artificial intelligence are five of the key areas where it is becoming increasingly hard to employ staff.
On CIOs wishes for 2016 is the creation of more university degrees along these lines, and also the optimisation of the STEM curriculum in schools.
5. IPv6 testing
Internet is about connectivity and with IPv4 pretty totally used, the internet is in need to adopt IPv6. If the industry fails to do so, it can set back IoT.
CIOs will be wishing that connectivity will get a boost with the wide adoption of IPv6 next year to wider the opportunities carried by IoT. Independently of the industry you work in, IPv6 will be an enabler for new products and services.