October 15, 2018
If we learn anything from Thomas Friedman’s book, Thank you for Being Late, it is that the future belongs to lifelong learners. People that continually adapt can leverage new technologies to their advantage versus succumbing to occupational obsolescence. Many jobs of the not so distant future will incorporate or rely on IoT and its related technologies. In this post we will highlight some of the primary reasons people should continue learning about IoT both as workers and as consumers.
Transforming IoT to the Internet of Everything
By 2020 an estimated 20 billion devices will connect to the internet. These devices will range from smartphones to connected energy meters to livestock heart monitors. As the world of connected devices becomes even more omnipresent, people will need to learn more about them.
As Kevin Kelly, co-founder of Wired magazine predicts, the next generation of startups will take existing products and just add AI. Innovations such as AI and blockchain will naturally converge with IoT devices making businesses and consumers even more dependent on them. Many devices people don’t associate with internet connectivity will become “smart”. The transformative potential of IoT will eventually make way for the internet of everything or IoE.
Advantages for Consumers
IoT is already transforming the lives of millions of everyday consumers. With a plethora of new connected devices entering the marketplace, as a consumer it pays to know at least a little bit about IoT to derive the most value out of your devices. IoT will no longer remain reserved for “gadget geeks” or techies but will only become more pervasive in common household and personal items.
Everything Will be Measured
Everything from household appliances to construction equipment will transmit data and track measurements. These measurements will be computed mostly by cloud-based apps that can help make sense of the data. With both our personal and business devices measuring activity, knowing at least conceptually how this is done will help end users make the best decisions based on their data.
No matter what industry you work in, IoT will inevitably disrupt it in some way. Gartner predicts IoT will add $12 trillion of economic value cumulatively between 2013 and 2022. Despite seemingly mass initial adoption, experts predict the real inflection point will occur around 2022. From healthcare to logistics to agriculture, connected devices will help people make precise, data driven decisions.
It’s imperative to pay attention to the emerging IoT trends in your industry in order to leverage them to your organization’s advantage versus falling prey to imminent disruption. The best IoT strategies marry connected devices with business intelligence to obtain better visibility, improve customer experiences and drive operational efficiency.
Before building an IoT strategy, it’s imperative to first consider your desired business outcomes. Implementing IoT should not be a gratuitous effort. At Attunix, we help our clients by starting with the big picture then tailor IoT and business intelligence solutions to help meet those goals. Working with a trusted advisor is one of the best ways to learn about IoT as well as modernize your business.
Learning IoT can open up infinite opportunities in a strong job market that highly values knowledge in emerging technologies. Each technical revolution inevitably replaces old jobs or job functions and replaces them with new ones that require a different set of skills. According to Daniel Chan, Cisco Learning product manager, the highest demand for IoT skills are cybersecurity and manufacturing.
Gartner forecasts that over one million jobs will be required to deliver IoT services to enterprise. Students and workers interested in technology may want to consider gaining certifications or enrolling in IoT focused courses to boost their resumes. According to Glassdoor, IoT-centric jobs generally pay between $97k to $155k. Instead of fearing what IoT may disrupt or make obsolete, why not get excited about it and embrace it?
With the IoT revolution, data won’t be siloed in one particular industry. This data can be transmitted across industries to help spur better innovations. Entrepreneur Magazine cites the example of data generated by connected cars that will help cities and municipalities make better decisions about road safety, traffic mitigation and environmental policies.
For entrepreneurs, this entails more opportunities for collaboration that will allow for technology solutions to create greater, more positive impacts on business and societies.