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Will 2014 act as the golden year for internet of things?

internet of things - connected devices
internet of things - connected devices

There has been a huge influx of funds in the overall space of internet of things over the past few months. This is due to the fact that mobility has reached another milestone and have taken a shift towards personalized information access. The era of connected devices as well as internet of things has come to the mainstream. From Google Glass to NEST, the search engine giant has clearly shown its focus towards the next phase of mobility.

The recently conducted CES 2014 also gave vital insights to the path where mobility is headed. There is no denying the fact that 2013 was the year for mobility and mobile platforms where big data and cloud computing laid major emphasis. Now many analysts are of the view that 2014 will go to internet of things as well as connected devices.

Another report from BI Intelligence states that the number of consumer as well as enterprises devices that will soon be connected to the Internet would rise exponentially during the next few years. This would mean that there would be a huge influx of big data which could be analyzed to give better services and products.

Another report from ZNet has stated that even Microsoft is gearing up to enter the arena of IOT. The windows maker appears to be expanding its horizon beyond it previous scope of enterprise/industrial customers to now include consumers. It is planning on introducing highly innovative tools and service that would help it boost itself into the league to Google and other manufacturers as well as services providers. It is expected that the overall market would rise to $8.9 trillion by 2020.
It is estimated that there are to the tune of 1.9 billion devices today which would reach a staggering 9 billion by 2018. If this number holds true then it would result in a huge boost towards rise of connected devices like smartphones, smart TVs, tablets, wearable computers, and even PCs.

However in the consumer sector there are already signs of the cloud that is engulfing mobility. There are a slew of devices that have already landed in the market in the form of glass, smart watches, and other smart consumer appliances including kitchen and home appliances, lighting and heating products, and car monitoring devices. This clearly has paved way for next generation computing that is driven by combination of big data as well as cloud computing.

But the biggest hurdle in front of IOT would be enterprise sector which hold a huge potential. Like mobile application if it able to penetrate the overall market than it surely would act like a force multiplier. Overall it is too early to decide the fate of IOT and only time would tell how long it will go ahead.

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