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Data scientists Are key To Reaping IoT Value In 2019. How?
- By 2020, more than 30 percent of global IoT initiatives will fail to clearly demonstrate return on investment because businesses simply don't have the expertise to develop key performance indicators for IoT projects. That will change, but it won't happen overnight or even within the next couple of years, according to IDC. Identifying specific KPIs should be a top priority for IoT-enabled businesses
- Over the course of the next three to four years, about 40 percent of IoT data analysis will be done on edge devices sitting close to their endpoints, according to MacGillivray. That's going to prompt a wave of investment in edge-gateway hardware to allow companies to perform next-level analysis on larger data sets. It's also going to require IT departments to get more comfortable managing those devices far away from the comforts of the data center.
- By 2021, 45 percent of all video surveillance will focus on providing a more complete picture of what's happening to a given IoT device, particularly in fleet-management and public-safety applications. "Video provides valuable visual data to augment other sensor data and inform decisions," said MacGillivray. Integrating computer vision and AI systems also offers a huge value, she said.