IoT World Looks at Buzz, Barriers Around Industry 4.0

Robotics Business Review

I had the opportunity to attend the 2017 Internet of Things World or IoT World event in Santa Clara, Calif., this past month. This was my first foray into the Internet of Things market, so I went in with an open mind. The event’s success in terms of the number of attendees reflects the level of interest in IoT.

On the first full day of the expo, the crowd was lined up out the door for registration, and several sessions were standing room only. According to the event producers, this was a record year, with more than 14,000 attendees. IoT World has grown by more than 20 times since its inception three years ago.

Business Takeaways:

  • The convergence of information technology and operations technology mandates, controls, and policies will have to evolve before there is wide-scale adoption of industrial IoT solutions.
  • The IoT market is ripe with startups with interesting ideas for new applications. Expect the market to grow and become crowded before consolidation occurs. The market should shake out over the next one to two years.
  • There are no generally accepted standards or several competitors for standards governing some core IoT technologies. This may complicate interoperability until the market evolves.

Enterprise concerns and connected cars

IoT World’s agenda was organized into three main tracks:

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