IOT SERIES: What We Are Reading This Week – November 1, 2016

Arrayent Founder at CONNECTIONS™ Europe
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What we are readingHere are five things on our reading list this week that are worth a look for those who, like us, want to keep up with fast moving IoT trends:

1) The Gartner Top 10 Strategic Tech Trends for 2017.
This years trends are all about AI, machine learning, and smart things – and the promise of an intelligent future as we mentioned in our previous blog on Digital Twins (which is trend number 5 in the Gartner report). Gartner analysis is always worth a read. In case you aren’t a Gartner client and haven’t seen the report yet, a summary of it is available here.

McKinsey & Company2) McKinsey and Co report: “Creating a successful Internet of Things data marketplace.”
The IoT is creating gigabytes, terabytes, and petabytes data that most organizations do nothing more than collect and store. In this article, McKinsey analysts assess the potential and strategies for unlocking the value in the data.

ReTHINK IoT3) Self-driving cars report that predicts “The death of the auto industry as we know it.”
Assessing the impact of autonomous vehicles, a new report by analysts at Rethink IoT report predicts by 2030 that private vehicle ownership will plunge and automakers will be forced to become service providers – selling vehicles and maintenance— to customers who are buying fleets of autonomous cars for ride sharing. “The payback will be far lower vehicle accidental deaths, and safer, cheaper and smoother travel, but the impact on employment at car manufacturers and their suppliers needs to be fully understood, and will be dramatic.” The full report is available from the Rethink IoT for $400.

Amazon Echo4) What the Amazon Echo is Actually Used For.
By way of the recommendation of Stacey Higginbotham’s always-informative newsletter, “Stacey Knows Things,” we found this Experia survey translated into a Statista chart particularly informative. It looks at the top six tasks the Echo virtual assistant is being used for in trial and ongoing basis. Playing music and controlling lighting are among tops. (We were a bit surprised not to see check weather and traffic on the list.) Statista - chart of Amazon Echo usage

Illustration by Luc Melanson

Illustration by Luc Melanson

5) A New IoT Lexicon. 
Finally, on the lighter side, the IEEE Spectrum article on IoT terminology, “The Internet of Things Is Full of Motes, Domotics, and BANs.” As the IoT grows, so does the lingo surrounding it. Check out the glossary of IoT-related terms. It made us smile. Particularly the term “COPE:” Corporate Owned Personally Enabled.