Top 10 predictions for the IoT industry in 2018

The IoT industry had a brilliant year in 2017. So, how will the IoT industry develop in 2018? Below, we will take a look at the top ten predictions for the IoT industry in 2018.

1. Accelerating the integration of IoT devices with AI/machine learning/blockchain

Investing in IoT is no longer just about helping companies reduce costs and improve efficiency. Companies can also create entirely new business models and open up new sources of profit.

2. Everything can be shared

IoT is an important driving force of the sharing economy. In 2018, more sharing concepts will emerge, including shared innovation/shared development/shared factories and equipment.

3. Users will become co-innovators

Users will play an increasingly important role in innovation, and companies must work together with suppliers and partners to meet users' customized needs.

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4. The industry will accelerate the shift to open architecture/open standards and interoperability

Large companies in vertical industries will open their own architectures and standards to support interoperability, and will also strengthen cooperation with general IoT giants to build open architectures and standards.

5. IoT security becomes critical

The demand for employee security training and security systems will accelerate to address the security issues brought about by the increasing number of devices connected to the network.

6. Agriculture and healthcare may be the sectors that adopt IoT innovations the most

Agricultural labor shortages and food safety issues as well as remote care and diagnosis in the medical sector all create an urgent need for IoT.

7. Governments will pay more attention to legislation on IoT open standards/security and interoperability

For example, self-driving equipment and artificial intelligence-based devices, as well as reports that Google and Amazon speakers can eavesdrop on people's voices, have caused public concern.

8. IoT will disrupt data analysis

As static data analysis will shift to real-time/streaming data analysis, machine learning and artificial intelligence will play a more important role.

9. China will solidify its position as an IoT innovator and adopter

China has never concealed its enthusiasm for IoT and has introduced a series of policies. China is the most important player.

10. Creating new business models and new profit sources will become a primary concern

Enterprises will pay more attention to what new profits and business opportunities IoT can bring, and will be more rational and calm in their investments in IoT.