target audience: TECH BUYER Publication date: Feb 2024 - Document type: Tech Buyer Presentation - Doc Document number: # US51110724
Top Trends for Internet of Things Ecosystems, 2024
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Abstract
This IDC Tech Buyer Presentation identifies and explores the top trends impacting the Internet of Things (IoT) ecosystems and devices. Industries have adopted advanced devices and connected networks to facilitate data-driven operations since the inception of Industry 4.0. Driven by the increasing interest in artificial intelligence (AI), IoT networks are now pursuing a higher level of connectivity, gathering data to power AI initiatives. Investing in AI and machine learning (ML) algorithms has become a significant catalyst for organizations looking to further their digital transformation strategies.
By 2024, IoT networks will expand, connecting more devices to gather data to enable AI/ML solutions. The primary objective is to leverage data for operational enhancement, manufacturing flexibility, bridging the skills gap, energy efficiency, and overall process improvement. This will impact several of today's technologies, including edge computing, automation, network connectivity, and cybersecurity.