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Thomas Hackenberg, Principal Analyst at IHS Markit, Technology, discusses converging communication between devices such as smart cities, smart buildings, smart homes, industrial IoT, personal IoT, connected car, and digital health, all sharing integrated data to the benefit of society. How this impacts future businesses as they manage revenue streams, stay competitive, differentiate, and create cost savings is considered. The three phases of IoT solutions are Connect, Collect, and Compute, and the potential solutions of end-to-end semiconductors will be complex. In terms of Connectivity, embedded connectivity technology, industrial connectivity, wireless network connectivity, future proofing, connectivity platforms, and fixed network connectivity are addressed in detail. In terms of Collection, sensors, cybersecurity, data storage, and edge intelligent networks are addressed. In terms of Computing, data management/application enablement platforms, mobile edge computing, data center, cloud, IoT gateways, and security are addressed. In terms of Creation, artificial intelligence/machine learning, alternative HMI, IoT business models, data and analytics platforms, technology trends, and asset management/maintenance are addressed. For more IoT insights from IHS Markit, visit: https://www.ihs.com/topic/technology-critical-insights-internet-of-things.html
Keywords: IoT, Automotive, Transportation, Industrial, Medical, Healthcare, Sensors, Machine Learning, AI, Smart, Connectivity, Wireless, Networks, Edge Computing, Cloud, Cloud Computing, Security, Analytics