In 2016, we first wrote about the Internet of Things (IoT). Wow, have things changed since then. Hence, we now look at the 2020 Status of the Internet of Things.
As part of our initial post, we included this [still valid in 2020]:
For those unfamiliar with or unsure about the concept, what is the Internet of Things? According to TechTarget: “The Internet of Things (IoT) is a system of interrelated computing devices, mechanical and digital machines, objects, animals, or people. That are provided with unique identifiers. As well as the ability to transfer data over a network without requiring human-to-human or human-to-computer interaction.”
2017 State of the IoT
During 2017, we highlighted a report by Business Insider (BI) Intelligence on the Internet of Things. Including this infographic.
Highlights about the 2020 Status of the Internet of Things
Recently, BI Intelligence produced a report for 2020 on the state of the IoT. Although the full report costs $495, BI Intelligence offers a detailed executive summary. Among the firm’s findings:
- We project there will be more than 41 billion IoT devices by 2027. Up from about 8 billion in 2019.
- 5G networks will figure into many companies’ IoT projects before 2000. With 39% of respondents to our survey saying they plan to support 5G in IoT products and services before 2021.
- AI and machine learning are critical systems continually evolving. To provide IoT users with the tools they need to parse mountains of data and quickly discern usable insights. While edge computing solutions grow more central to IoT discussions. In addition to increasingly sophisticated as firms seek to reduce data transmission costs and lower latency.
- The report highlights the opinions and experiences of IoT decision-makers. On topics that include: drivers of adoption, major challenges and barriers, and investment plans. As well as the types of solutions they’re employing thus far.
Among the companies cited in the report:
Alibaba. Alphabet. Amazon. Apple. AT&T. Attest. Audi. AWS. Baidu. Blink. Carbon Black. China. Mobile. China UnionPay. Cisco. Cimcon. Deutsche Telekom. eero. enSilo. Ericsson. Etisalat. Foninet. Goldman Sachs. Google. Google Cloud. Honeywell. Honeywell Connected Enterprise. Huawei. Internet of Things Consortium. Intersection. Jacuzzi. Michelin. Microsoft. NEC. Nest. NXP Semiconductors. Oracle. Orange. Particle. Qualcomm. Ring. Salesforce. Sidewalk Labs. Sigfox. Singtel. SoftBank. Software AG. Sprint. STMicroelectronics. T-Systems. Telefonica. Telstra. Tenable. Tencent. Tolaga Research. Verizon. VMWare. Z-Wave. ZigBee.