Five key trends in the Internet of Things in 2017

The Internet of Things (IoT) technology has quietly changed human life, forcing people to pay attention to its development trends. Ovum, a research unit focusing on the development of IoT communications, announced the five key trends in the development of IoT in 2017 at the 2017 Global Internet of Things Conference (Internet of Things World 2017).

***, Low Power, Wide Area (LPWA) networks will become mainstream, and LPWA technology will gradually be valued, especially the two transmission protocols NB-IOT (Narrowband IoT) and LTE-M, which will be widely used in smart cities, smart meters and other fields to provide low-cost, low-bandwidth and low-power data transmission services.

Second, in order to meet the diverse needs of the Internet of Things, although large telecommunications companies have market and technological advantages, they are still unable to meet various application needs. Therefore, more application service providers will emerge in the industry to provide professional services in specific fields.

Third, information security will become the primary issue of the Internet of Things. With the development and widespread application of the Internet of Things, the level of information security and the breadth of its protection will become the primary consideration for enterprises.

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Fourth, Big Data and machine learning will open up new business opportunities for the Internet of Things. IoT data analysis will shift to the "edge", with terminal devices collecting and compiling data nearby. At the same time, streaming data analysis tools will become more important, and more machine-learning engines and artificial intelligence (AI) applications will appear in IoT applications.

Fifth, the IoT as a Service business model will continue to grow. IoT emphasizes application. In order to facilitate users to use it quickly and reduce the cost of use, the business model of Platform as a Service (PaaS) and Software as a Service (SaaS) will become mainstream.