November 13, 2016 dschlaegel

How Big Will The IoT Bubble Blow?


Internet of Things is definitely going to the next big thing. It is the network of physical objects, or things with a network connectivity, enabling them to gather and exchange data. The foundation is based upon the intelligence that the embedded systems have to offer.

IoT – the Next Area of Digital Innovation

We are currently living in an era of a networked society dominated by mobility and connectivity. With a growing impetus on digitalization, Smart Cities, and other stuff, there is a general optimism that there will be a lot more innovation coming up in the IoT space to drive the digital economy innovation.

This contains an enormous amount, say billions of sensors and connected smart objects that are making the web wiser. Let us see how.

The IoT bubble is exploding. Stats reveal that it is growing at a breathtaking pace from 2 billion objects in 2006 to an estimated 200 billion in 2020. By the way, that will be around 26 smart objects for a human being on earth.

As stated, the network is made up of billions of connected smart things, which are expected to grow to over 9 billion linked devices by the year 2018. According to a Gartner report, the smart cities planned by the government will use almost 1.6 billion of connected things or the Internet of Things in the year 2016. This statistic will mark an increase of around 39% from the year 2015. Isn’t it an exciting news as we welcome the New Year 2016 and say goodbye to 2015? Definitely, it is!!!

  • Smart buildings: Gartner research team also predicts the smart commercial buildings to be the topmost user until 2017. After this, smart homes will take the lead in 2018 with over one billion connected things. The commercial real estate industry is one that considerably benefits from implementation. This is because it develops advanced service operations and collective view of facilities management, via collecting data and insights from a multitude of sensors.

In large sites particularly, for example, industrial and economic zones, shopping malls, office parks, airports, seaports, etc., It can help reduce the costs involved in energy, geographical management and maintenance of buildings by approximately 30 percent.

Business applications for sustaining the growth in commercial buildings are managed by building information management systems. These information management systems drive operations management, especially with user-centric environments and energy efficiency. IoT implementation in commercial buildings will go on to evolve at a rapid speed in the next few years, on a pace so as to reach over one billion by 2018.

  • Smart Homes: The consumer-centric apps fuelling the growth of smart homes include smart TVs and set-top boxes, smart bulbs, and numerous other smart automation tools including home security systems, thermostats and kitchen appliances.

The increasing maturity of smart home platforms through home appliances, infotainment, and home sensors will signify that the investments on the smart home will pass that of commercial buildings by the year 2018.

The study also notes that the smart homes will represent almost 21 percent of the total use in smaller cities by the year 2016. These numbers report the highest rise in the next five years.

The future trend anticipates device and wireless trends to be embedded in more devices. Homes are foreseen to provide a unified services environment that will add value to the home and its ambiance. They will soon be moving from being interconnected to information-driven and smart-enabled.

Application Development for the Internet of Things

With increasing acceptance in business & technology industry, It has equally allured the attention of both the developers and the technology professionals, with the promise of delivering its services supported by limitless applications.

At present, development of an app can even take years as the developers will have to start from scratch, also considerably slowing down the time to market. Moreover, it comes with added challenges relating to connectivity, concurrency, privacy and poor internet infrastructure.

So, here we will learn a few ways to prepare your infrastructure and app architecture to support the rush.

  • Fail and Do It fast: Nobody gets it all right the first time. Remember the quicker you fail, the more quickly you will have an opportunity to learn from your mistakes. And at the right time, your app will be ready to shine. Check out the languages and the technologies promoting a rapid development pace.
  • Use Binary-Encoded Messages: If your integrating device supports custom binary encoding contrary to ASCII encoding, then utilize it effectively. Custom binary messages considerably reduce your application’s bandwidth requirements, consequently lowering costs.
  • Host your App in Distinct Regions Geographically: By routing data to a data center that agrees with customers’ sentiments, you can provide faster response times as well as have some flexibility while dealing with privacy concerns.
  • Understand scale: Consider that you have 10 connecting devices one day, and 100,000 the next day. In such a scenario, what you need is managing the excess pressure. And since its profoundly dependent on unbroken connectivity, you will need a software to accommodate updates without actually disturbing the user experience.
  • Select a Technology that Enables Rapid Prototyping: Still today quite a number of apps are being developed using Java and C#, however, these technologies are not always flexible enough to match up to the fast-moving environment. Some languages support rapid development because of their nominal syntax while some support more advanced features.
  • Outsource Whatsoever you Can: Various new tools in the market can serve as the base for your application development. For example, certain tools can provide the developers with an easy way to make the device messages accessible via APIs. This allows you to focus completely on your project without thinking about networking, concurrency, and parsing.

Apps today have occupied a mainstream position and they also are in demand. Developing apps based on Internet of things involve great ideas, intelligent planning, and out-of-the-box thinking. To keep pace with the ongoing technology trends, it is imperative to find out what is new in the industry, and what will the users expect in a couple of years. As you find the same, you can proceed to build it right away. Down the line, this goes very well for IoT App Development!!!


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