Forrester’s 2015 Predictions for the Internet of Things

IoT development is the connection of things, beyond machine-to-machine communications, through the Internet, and it’s been a hot button topic in the last few years. Wild predictions have been argued and shared regarding the number of devices (“billions upon billions”) that will be interconnected, the types of smart objects which will be ushered into the mainstream, and the ways in which this infrastructure will impact home life, business operations and communities at large. In their recent report, “Predictions 2015: Software Platforms Drive Internet-of-Things Adoption“, Forrester forecasts the inevitability of the IoT’s arrival and rapid progression.

Within this report mentioned by iTrellis and their experts, Forrester outlines four key trends and implications foreseen for clients. Here are some of the main arguments and takeaways:

  1. The more one-off products are introduced to consumers, the less hype will be focused on the intangible “billions of devices” trope. Success stories surrounding positive customer experiences, lengthened machine uptime and new as-a-service business models will see their debut.
  2. Concerning the public’s obsession with futuristic gadgets, much of the talk surrounding IoT has been about high-tech wearables, sensors and new wireless technologies. Forrester believes that from here on it, we’ll be hearing much more about the actual software and cloud services which allow these sensors to connect, upload data and drive analytics. Recently, large firms including GE and PTC have already begun offering platforms such as these that make it easier for businesses to implement IoT solutions, ensuring that the IoT enters a second stage in its development.
  3. The advantages that the IoT presents are plenty, but in 2015, the main driver will be in financial saving. Forrester believes that this level of interconnectivity will be a huge boon in instrumenting assets, enabling firms to improve maintenance and utilization to effectively lower costs.
  4. Last but not least, as it has been made evident in the recent articles on https://mnubo.com/solution/services/, we can anticipate a rise in the demand for employees with skill sets unique to IoT-specific experiences. GE has begun paving the way with a separate software group in Silicon Valley exclusive to IoT offerings, of which Forrester expects other firms will follow suit; and CIOs will set up specific IoT groups within the company’s infrastructure to cultivate this growing digital trend.