This decade has witnessed the emergence of smart devices and enormous data explosion which have given rise to new disciplines like data management science and data analytics. Trillions of bytes of new content are created on a daily basis. Internet, new algorithms, enhanced technical devices, and cloud-based architectures are ameliorating the data spectrum. In order to employ large volumes of data efficiently in the business, new business models have been developed over the years. A paradigm shift can be noticed from traditional models to the datadriven business models even by established enterprises. The full potential of some of the systems which are currently in use is yet to be explored in order to integrate with other technologies. This integration will create a tremendous difference in everyday human life due to commercialization. It is expected that in the coming years an unconventional technical revolution will take place in common sectors by converging Information Technology with Operational Technology.
Here are the latest technology trends that will have major influences and impacts on both process and discrete automation in 2019:
Internet of Things (IoT)
IoT is promising aggrandizements in the coming years by offering connectivity between mechanical devices, computing machines, normal objects, digital devices, human beings, and other living things. It will be enabled through advanced communication channels programmed with the help of unique identifiers, internet connectivity, and technology. IoT enabled ecosystems can provide a connected network of embedded systems and mechanical devices. In simple words, all devices in your house or office can be connected and you will be alerted about their operations according to the customized setting which you have provided. You can monitor your homes and families remotely to keep them safe. Businesses can improve processes to increase productivity and to reduce material wastage. IoT will thus extend connectivity by producing an enormous amount of real-time data at the same time. This data will make further customization possible by simultaneously paving a way for increased data mining. The patterns and trends in human behavior during consumer product usage and practices associated with it will give significant insights to human- technology relationship. It is reported by Gartner that more than 12 billion devices are connected to the Internet now, but it is estimated to raise 26 times more by 2020. By integrating commercial consumer appliances with IoT there could be a considerable shift and the companies serving IoT and cloud-based software show an exceeded revenue expectation including Microsoft Azure and Amazon AWS as they grew 93% and 49% respectively within the last 12 months. In this growth, their IoT portion contributed significantly. McKinsey & Company estimates that IoT will have an $11.1 trillion impact by 2025.
AI, also called as artificial intelligence is an advanced area of computer science where researchers are trying to develop cognitive components to computers and machines. It is to enable intellectual aspects to machines so that they will help to resolve human problems caused by inefficiency due to human errors. In the last few years, this area has shown tremendous progress as you have seen commercialization of the same while playing with Alexa or testing Siri, Cortana or ‘OK Google’ to enable speech recognition services. Speech recognition has proven to be an important component of Artificial intelligence. Learning, reasoning, problem solving, planning etc. are the other aspects of AI which are now being tested to integrate with everyday products for mass commercialization and customization to increase human convenience. Integrated with IoT, artificial intelligence has unlimited possibilities.
Building Management Systems
BMS is the abbreviation of building management system which is also called a building automation system (BAS). Building management systems are most commonly implemented in large projects with extensive mechanical, HVAC, and electrical systems. It is a computer based control system installed in buildings for controlling and monitoring the working of electrical and mechanical systems which include the fire alarm system, internal and external power control, security mechanisms and ventilation in the building. Around seventy percent of a building’s energy usage can be controlled using BMS. By integrating IoT to BMS, considerable dreamy changes can be expected.
Big Data Analysis
Data is the king now. It is no doubt that data analytics which manages the collection, classification, segregation, and analysis of data to arrive at useful decisions, is playing a big role in providing competitive advantages. IoT will produce astronomical amounts of data pointing significant insights about various aspects of living and non-living things. Data analytics will prove to be an inevitable area of science once IoT is widely established.
2019 is predicted as the year of IoT. When it is combined with other new trends in technology such as AI, ERP solutions, the blockchain, building management systems and big data analytics, it will pave a path for mass digitalization in every walks of lives. Are you looking to stay ahead in the game? Integrate with the latest technological trends in your industry as soon as you can!