2017 is Going to be a Big Year for Industrial Internet of Things

The Internet of Things (IoT) has had a significant impact in defining how we’re going to be surrounded by devices, now and in the future. There’s hardly any industry untouched by IoT, and 2017 might be the big year for industrial IoT and related technologies.

There are so many players, big and small, getting into this IoT frenzy. Hewlett-Packard has been making significant investments into the IoT space – also expanding its capabilities and offerings across two other domains closely related to Industrial IoT (IIoT) – big data and cybersecurity. According to Forbes, Hewlett-Packard Enterprise (HPE) is working on creating an IoT circuit board that could be as flexible and affordable as the Raspberry Pi. It’s actually fantastic to see conventional companies think forward, and enable and shape technologies for the internet of things future.

Just recently, IBM Watson Group opened an exclusive Internet of Things headquarters in Munich, Germany, at a cost of $200 million. The opening of this new facility also included some key announcements, like, IBM-VISA partnership for connected point-of-sale (PoS) devices in wearables and cars, partnership with Bosch for industrial IoT enablement, and providing free, unlimited access to Watson IoT platform for startups.

IBM Watson HQ Munich
IBM Watson HQ Munich. Credits: VB | Rainer-Viertlböck/IBM Watson

The SAP HANA platform is providing IoT on the cloud for several industries. This enhances machine-to-machine (M2M) data collection and analytics by helping industries build and deploy IoT applications on the cloud. The automobile, oil and gas and other heavy industries can look to utilizing this technology to effectively gather and process data from millions of sensors deployed in their plants. SAP also introduced the IoT jump-start enablement program, which is a part of it’s €2 billion investment into the industrial internet of things (IIoT) space, over the next five years.

Industrial IoT Market size
Industrial IoT (IIoT) poised for massive growth.

According to General Electric (GE) predictions, the investment in Industrial Internet of Things (#IIoT) is expected to top $60 trillion during the next 15 yrs (via Forbes)

Well, it’s not just the verticals like automobile, agriculture, oil and gas, shipping, logistics, healthcare and finance that are getting engulfed with IoT. We ourselves have every chance of experiencing this, thanks to connected homes, connected cars, and smart home automation devices.

This isn’t the beginning of connected devices. Yet, when things get connected, and start controlling devices, homes, cars, cities and our lives, there’s a much bigger need for security.

No one wants to see a big chunk of connected devices come under a DDoS attack. Only this time, the consequences will be unthinkable.

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