IoT Training in Tiruchirappalli

Enterprise IoT, Consumer IoT, and Our Time Horizon

• To narrow the scope, you could start by dividing the IoT pie in a few different ways. some others add to that Medical IoT and Military IoT. Ultimately, there aren’t clear lines between these sub-segments (i.e. consumer IoT products can make their way into enterprises and industry is typically driven by enterprises).
• I’m going to choose just two sub-segments in Enterprise IoT and Consumer IoT, differentiating on the basis of who is buying (an organization or an individual).
• Consumer IoT refers to products and services bought directly by consumers.
• This includes smart lights, voice assistants, intelligent cars, smartphones, tablets, laptops, etc.
• Enterprise IoT refers to solutions and services employed by organizations to increase efficiencies, improve operations, gain market insights and create new products and services.
• This includes getting real-time information on the location of important assets or remotely monitoring business processes.
• To further narrow the scope, we also need to determine the time horizon for our predictions. The longer the time horizon, the less useful predictions are and the less confident we can be.
• The shorter the time horizon, the fewer significant changes will be made. So let’s define “the future” as the next 5 years. 
• In the next 5 years, Enterprise IoT is poised to see the most profound changes due to network infrastructure build-out, decreasing costs of sensors and the introduction of software tools necessary to effectively manage large-scale IoT systems. As such, I’ll be focusing on the future of Enterprise IoT.
• Within Enterprise IoT, return on investment (ROI) is everything. Simplistically, organizations need to earn more money than they spend in the long run; otherwise, they die.
• This means that organizations are hyper-focused on both sides of the equation, earning more money and spending less to do so. The promise of Enterprise IoT is that it can enable organizations to do both: leverage IoT to create new, revenue-earning products and services while also increasing efficiencies and cutting costs.
• In many cases, the potential return of IoT has been obvious for years, yet the investment has been too high to enable the necessary ROI.
• Over the next 5 years, expect large enterprises to lead the adoption of IoT because the larger the company, the larger the return (thus justifying the higher investment costs).
• However, the key to wide-spread adoption will be decreasing the investment side of the equation, which is being addressed in three domains: LPWANs, cheap sensors and software tools.
• LPWAN stands for low-power wide-area network and is one of many connectivity options in IoT.
• I’m narrowing the scope further to focus on LPWANs, as opposed to other connectivity options such as WiFi and Bluetooth Low Energy (BLE), because of the current technology and market landscape.
• Though ever-changing, WiFi and BLE are 1) comparatively mature technologies and 2) applicable to a specific set of use cases due to their limited range. Contrast that with LPWANs like LoRa and NB-IoT, which are 1) relatively new, and 2) focused on a different set of use cases.
• For unlicensed LPWAN networks, LoRa seems to be the winner in the US, but still faces challenges to wide-spread adoption.
• In the coming year, I expect one or more large companies to double down and really drive LoRa forward.
• For licensed LPWAN networks, NB-IoT promises to address many use cases.
• However, though carriers have made announcements about NB-IoT’s readiness, from personal experience, I’ve seen that the geographic coverage, ease of use and reliability are still works in progress.
• I expect 2020 to be the year in which carriers achieve the necessary build-out to support wide-spread usage. 
• To fully capitalize on inexpensive, low-power, wide-area networks, you need the sensors with the requisite radios (e.g. a LoRa chipset) to be able to use the given connectivity protocol. As LPWAN infrastructure is being built out, an increasing number of companies are offering sensors for LoRa and NB-IoT which is driving down the cost of IoT systems in tandem with the network.
• Even beyond network-specific components, hardware manufacturing generally continues to become cheaper, become more reliable and have a faster timeline from ideation-to-production.