Number of Internet of Things Devices to Triple by 2020 as Connectivity Remains First Priority for Enterprises
New research uncovers the staggering rise of connected devices in the next 5 years.
We previously reported that The Internet of Things (IoT) is part of the evolution in technology which allows anytime, anywhere working with Enterprise Mobility to be taken to a whole new level, and new research has uncovered that the IoT is going to be even more impactful than previously suggested.
While in 2015 the number of internet connected devices is already a staggering 13.4 billion – exceeding the number of people on the planet by over two times – by 2020 this is predicted to have tripled to 38.5 billion units.
SEE ALSO: The Internet of Things: Harnessing the Power of an Ever-Connected Enterprise
The new report from Juniper Research, titled ‘The Internet of Things: Consumer, Industrial & Public Services 2015-2020’, notes that this phenomenal rise of 285 per cent in connected devices is partly attributed to the fact that for most enterprises connecting their systems and devices remains a first priority.
According to report, the IoT "represents the combination of devices and software systems, connected via the Internet, that produce, receive and analyse data. These systems must have the aim of transcending traditional siloed ecosystems of electronic information in order to improve quality of life, efficiency, create value and reduce cost."
The research notes that the IoT, therefore, is as effective as the sum of its parts. Mere connections create data; however, this does not become information until it is gathered, analysed and understood. The analytics back-end systems of the IoT will therefore form the backbone of its long-term success.
However, research author Steffen Sorrell said that we’re still at an early stage for IoT.
He explained: "Knowing what information to gather, and how to integrate that into back office systems remains a huge challenge."
Additionally, the report highlights that interoperability hurdles owing to conflicting standards continues to slow progress. Nevertheless, there are signs that standards bodies and alliances are beginning to engage to overcome these hurdles.