In the News

Leading technology industry analyst firm Transforma Insights has launched the Transforma Insights User Group, a year-round, engaged and informed, subscription-based member community, connecting technology end-users, navigating their digital transformation journey.

According to research from Transforma Insights, the world’s active IoT device count is expected to grow from 7.6 billion at the end of 2019 to 24.1 billion by 2030.

“The bottom line is, at the moment everything is very fragmented. You’ve got quite a lot of different approaches and different technologies being rolled out,” says Matt Hatton, Founding Partner of Transforma Insights, a research firm tracking the progress of digital transformation, including IoT.

CES this year was, of course, a very different beast from usual. However, despite being entirely virtual there was a flurry of interesting and noteworthy announcements from the ‘show’. In this article I explore a selection of them which demonstrated some very interesting trends in what is happening in IoT.

Digital transformation (DX) is a type of disruption. It will unlock new possibilities in business models, value propositions and operational efficiency. Competitive dynamics will ensure that entire industries must transform to become a market leader or keep pace with market leaders, or face loss of market share. As ever, this kind of disruption is not risk-free.

The Industrial Internet Consortium® (IIC™) today announced the release of its IIC RFP Toolkit, a collection of best practices and online tools to help guide IIoT project managers and procurement managers and buyers through the process of procuring all the different components and resources required for a complete end-to-end IIoT solution.

In episode 96 of the IoT For All Podcast, Matt Hatton of Transforma Insights joins us to talk about the IoT landscape of 2020 and 2021. Matt shares some forecasts for the IoT space for early 2021, including the role of hyperscalers on the landscape, and some of the biggest challenges coming for companies looking to start their IoT journeys.

The humble QR code has been adopted by the LoRa Alliance to speed up and simplify IoT device provisioning. The industry group, which promotes the LoRa LPWAN standard, said its new QR codes can be printed on IoT devices, and carry the required device and vendor information in a format that can be readily entered into a network management system, thereby enabling zero-touch onboarding.

The Internet of Things (IoT) is on an explosive growth trajectory. According to Transforma Insights, the number of IoT-connected devices is projected to increase to 24.1 billion worldwide by 2030. That's almost a three-fold increase from 2019.

Machine Learning (ML) is a well-known innovation that nearly everyone knows about. A study uncovers that 77% of devices that we presently use are utilizing ML. From a social event of SMART devices over Netflix proposition through products like Amazon’s Alexa, and Google Home, artificial intelligence services are proclaiming cutting-edge innovative solutions for organizations and regular day to day existences. The year 2021 is ready to observe some significant ML and AI trends that would maybe reshape our economic, social, and industrial workings.