The Doppler Quarterly Fall 2018 | Page 52

Internet of Things According to Gartner, there were eight billion con- nected "things" (aka IoT devices) as of 2017, and there will be 20 billion of them in 2020. These numbers can be even bigger depending on who you talk to. IoT devices are now not just simple sensors; most of them are actually tiny computers which have compute, storage and communication capabilities. These "smart" devices will bring a plethora of business ben- efits, but also a whole slew of problems around secu- rity and privacy. provide faster speed (1.4 Gbps median speed), higher capacity and lower latency. These advanced features will bring about new use cases described below. Elastic Cloud Computing This basically offers "unlimited" computer resources— unlimited compute and unlimited storage capabili- ties. This means companies can drastically cut IT costs by leveraging cheaper cloud services. They can also gain business flexibility by scaling up or down compute and/or storage resources as needed. In the last few years, we have seen the IoT industry make significant advances. With its ecosystem maturing, we have witnessed pervasive adoption of IoT across many industry verticals. Large enterprises such as Microsoft, Amazon, Google, T-Mobile, AT&T, GE, Boeing and many other companies are all active in the IoT space. Artificial Intelligence High Speed LTE Wireless Communication Networks The above technologies converged nicely in the IoT space, as they form the three layers an IoT solution usually has: AI went through a long winter for two decades, finally emerging as a powerful technology in the last few years, with Google TensorFlow, Microsoft Azure AI, Amazon Machine Learning and IBM Watson gaining traction in large enterprises. We currently use 4G LTE through our mobile phones. Carriers are now testing 5G LTE and plan to roll out 5G LTE networks in 2020. Compared with 4G, 5G will 1. IoT devices These cutting- edge technologies are converging – a major trend that enterprises need to understand when they create IoT strategies. 3. Analytics "engine" in the remote data centers (i.e., cloud), powered by Business Intelligence (BI) and machine learning /artificial intelligence algorithms 50 | THE DOPPLER | FALL 2018 2. Communication "pipe": an LTE network that provides connectivity between the devices and cloud What does this technological convergence mean for enterprises? The combined powerful features of IoT, LTE, cloud and AI will take IoT from being simply a means of connecting devices to deliver basic business value like tracking and control, to a disruptor that creates huge business value in edge computing, high- bandwidth applications and predictive analytics. Let us examine those IoT layers again: