Gartner predicts of 25 billion connected devices by 2020. Utilities is to lead, with enterprise and government sectors closely following pursuit. Sooner or later, Internet of Things and ‘digital natives’ are likely to complement each other at large, in all these sectors.
Marc Prensky coined the term “digital natives” in 2001, denoting a faction of millennials with a strong cultural affiliation towards technology. Their adept IT skillset makes them hard to please, and harder to reach.
However, with formidable reinvention and some level of built-in intelligence, IoT (Internet of things) slowly made its way into the digital native lifestyle. With its nexus of forces (cloud, mobile, social and information) integrating itself into every part of human existence, the inevitability of a symbiotic relationship between the two is definitely in the running.
Enterprise IoT for digital natives:
Steve Prentice, Vice President and Gartner Fellow stated last year that “the greatest competitive opportunities — arise not from simply digitalizing a product or service, but from creating a new business model and value proposition,”, the latter being a new found digital voice with the ability to reflect on the current position and present the best opportunities/possibilities, in a scalable environment.
Currently, EIoT/IIoT has a disruptive impact on business transformation, be it for a conglomerate or even a smaller, self-sufficient player. With more digital natives in management positions, more benefits from the latest technologies will be sought after. Quocirca’s recent insights on the increasing no of UK based cloud users is proof to this predicament.
A few other areas where IoT will be of critical use, include exchange of data on an AORTA (Always on real time) basis, predictive social media analytics, boosting technical awareness (manufacture) and customer analytics.
While quick innovation and delivery is a must in the digital economy, any IoT application built on existing API will still have a better reach than standalone initiatives.
IoT for personal spaces:
As mentioned earlier, the highest number of connected devices will be found in consumer applications. From wearable technology to automotive intelligence, the level of dependency will also be at its highest. The most native relevant areas here, will be price, security and user experience.
With increase in demand, the exorbitant pricing of IoT in personal spaces may decline in the next decade making it more affordable and affable to all. Therefore the key lies in tailor made marketing efforts that can set the products apart.
As for usability, IoT is already making waves. But a few bottlenecks such as Basket of remotes (absence of a common device to configure all installations), compatibility of devices and lack of standardisation need to be resolved. Meanwhile security is already taking centre stage in terms of IoT reforms, with a focussed approach towards increasing transparency and preventing cyberattacks.
Governance the IoT way:
Last year’s IDC future scape report, Worldwide Government 2015 Predictions made several allusions to IoT in the public sector. By 2020, 25 percent of government spending is to go into IoT, in view of direct citizen engagement missions and predictive maintenance in physical asset– intensive departments.
Some other areas where IoT can benefit the public sector include parking systems, Gas/water resource management, variable road pricing, telework and connected learning (gamification), all of which makes the digital native’s life a smart yet, easy affair.
The long road:
With natives in the picture, according to Deloitte University Press, three things need to happen with IoT, as quickly as possible:
Privacy must be given highest priority – New ‘pay for privacy’ models, so natives can control their data better
IoT Intervention – Smart sensors and advanced analytics must move beyond just monitoring
Standardisation of marketplace – Industry standards in terms of security, price and performance
The so called ‘digital natives’ will soon find themselves at the epicentre of a cogent, connected world thanks to IoT, which will soon become, in every sense, the Internet of Everything.