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5 IoT Challenges and Opportunities in 2020
Source:Original | Author:Calio Huang of C&T RF Antennas Inc | Publish time: 2020-01-15 | 602 Views | Share:

In most cases, industrial companies will not choose 5G networks in the short term.

The Internet of Things (IoT) is now an important part of the industrial technology dialogue. Still, enthusiasm for the technology and its applications has not diminished.

Looking forward to the next few months, there are five areas that are key to the development of IoT applications within the enterprise:

1. Transfer from proof of concept (PoC) to proof of value (PoV)

During the proof-of-concept (PoC) phase, a company tests whether a technology, device, or process works and performs as expected in a particular situation. As companies have conducted a proof of concepts over the past few years, IoT concepts and related technologies are now proven and fully understood.

However, many companies still lack a measurable business case. So now, the focus needs to shift from proof-of-concept to proof-of-value (PoV)-letting businesses see that IoT use cases can actually save costs or increase revenue. Proof of value, not proof of concept, is critical to bringing IoT from R & D to operational deployment.

As the economy slows, scrutiny of IoT projects will only become more stringent. By 2020, business and technology leaders need to see the Internet of Things as one of many tools in the toolbox more than ever and learn how to use it in conjunction with other equally important tools such as analytics Get value from it.

2. A sustainable Internet of things?

For enterprises, the second area to focus on is that it is difficult to deal with it alone. As the number of IoT devices increases, so does the amount of power required by the data centers that support these devices and their services. Data from 2017 indicate that by 2027, connected equipment may account for 3.5% of global emissions. Given the need to tackle climate change, it will be difficult for companies to justify such a large energy footprint to increasingly environmentally friendly investors and consumers.

But the Internet of Things can also help companies improve energy efficiency. An example is Schneider Electric, which has integrated sensors into its Lexington production line, reducing energy consumption by 12%.