2020 To Be Year of Continuous Intelligence In The IoT Analytics Market: Report

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  • The report mentions that China will drive the sharing economy 2.0 in 2020
  • It also points out that the IoT platform market will not consolidate in 2020
Image for representation (Pic credit -queensu.ca)

There will be greater adoption of Continuous Intelligence (CI) technologies in 2020 that will drive IoT data analytics beyond traditional operational levels as per a report by tech market advisory firm, ABI Research. The report titled, “54 Technology Trends to Watch in 2020” said that this adoption of CI will have a big impact on strategic planning and organisational change.

Stuart Carlaw, chief research officer at ABI Research said, “After a tumultuous 2019 that was beset by many challenges, both integral to technology markets and derived from global market dynamics, 2020 looks set to be equally challenging.”

Elevate IoT data analytics

As per the report, Kateryna Dubrova, M2M, IoT & IoE Analyst at ABI Research said that the concept of CI will be consolidating in the IoT analytics market. This will enable more advanced analytics in near-real time. The report, further adds that the ability to continuously analyse and extract value from the IoT data is growing. This has happened due to emergence and expansion of streaming analytics and streaming technologies. Dubrova adds, “In 2020, ABI Research predicts greater adoption of CI technologies, which will elevate IoT data analytics beyond traditional operational level (maintenance and control), but we will also observe a greater impact on strategic planning and organisational change.”

According to the report, mMTC began under 4G, with LTE-M and Narrowband-IoT (NB-IoT) being “forward-compatible” with the forthcoming 5G New Radio (NR) standard. This made chipset vendors see a greenfield opportunity with massive IoT. It saw 17 baseband vendors come out but only four different ones supply most of the LTE-M and NB-IoT at the present. This will continue in the future with the Release 16 and the co-existence of LTE-M and NB-IoT with 5G NR.

China will drive the sharing economy 2.0

The report mentions that China will drive the sharing economy 2.0 in 2020.Dan Shey, vice president of enabling platforms at ABI Research said, “China is showing the world what the next phase of the sharing economy will look like: shared powerbanks. The newer applications in the more “connected” version of the sharing economy will continue to grow across the world, albeit at a more measured pace than seen in China.”

The report also points out that the IoT platform market will not consolidate in 2020. Shey adds, “For many years, there have been predictions that the IoT platform supplier market will begin to consolidate, and it just won’t happen. The simple reason is that there are more than 100 companies that offer device-to-cloud IoT platform services and for every one that is acquired, there are always new ones that come to market.”

Edge will not overtake Cloud in 2020

Unlicensed proprietary low-power wide-area network (LPWA)will not merge with licensed open standards, according to the report. Adarsh Krishnan, M2M, IoT & IoE principal analyst at ABI Research said, “The two cannot be reconciled at the standards level, for the premium that cellular commands stems from the cost of its license, and the control that its owners have over their blocks of spectrum, providing a secure, managed, quality of service-based guarantee to IoT customers.”

The report also said that Edge will not overtake Cloud in 2020. Kateryna Dubrova added, “The accelerated growth of the edge technology and intelligent device paradigm created one of the largest industry misconceptions: edge technology will cannibalise cloud technology. In fact, in the future we will see a rapid development of edge-cloud-fog continuum, where technology will complement each other, rather than cross-cannibalise.”

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