IoT trends 2017 by Sajan Paul, Director of Systems Engineering & CTO at Juniper Networks in India and SAARC

The Internet of Things (IoT) is a unique domain that offers tremendous business opportunities for telecom players in the years to come. Studies show by 2020, over 25 billion connected devices will be live globally, with opportunities in abundance for data mining and data analytics. The total revenue generated from IoT industry would be USD 300 billion and India would have a share of 5-6% of the global IoT industry.

We see IoT getting early roll out in surveillance projects, vehicle tracking, connected cars, and home automation.  We see consumer domain having the maximum uptake. In fact, out of 6B+ devices, close to 4B is in the consumer domain and the rest in business solutions.

IoTUnder Pressure. Today, IoT is letting us down, underperforming and under delivering. In fact, in some ways it’s making life more complex and less secure as it’s quickly becoming the gateway to cyber-attacks. Although consumer adoption of IoT is still in its early stages, there are very few turnkey orchestration tools to successfully manage IoT security. For IoT to survive and live up to what it promises, it’s vital that technology companies master security and unlock the possibilities of integration. The real “winners” are going to be companies who can code their own solutions to ensure their products are secure.