The number of internet of things (IoT) devices around the world will be more than 41.6 billion by 2025, generating almost 80 zettabytes of data, according to IDC. The data generation from IoT devices is expected to witness a CAGR of around 28.7% during the forecast period (2018-2025).
With the growth in number of IoT devices, the amount of data generation will also increase. Some of this data indicate a single metric of a system’s health, while a massive amount of data is generated from video surveillance applications using computer vision to analyse the crowds of people.
“As the market continues to mature, IoT increasingly becomes the fabric enabling the exchange of information from ‘things’, people, and processes. Data becomes the common denominator – as it is captured, processed, and used from the nearest and farthest edges of the network to create value for industries, governments, and individuals’ lives,” said Carrie MacGillivray, group vice president, IoT, 5G and Mobility at IDC. “Understanding the amount of data created from the myriad of connected devices allows organizations and vendors to build solutions that can scale in this accelerating data-driven IoT market.”
The digital transformation is bringing integration of new levels between intelligent data and everything. However, the responsibility to maintain and manage security vulnerabilities comes with every new connection. As a result, the role of enterprises is also evolving to include new levels of efficiency and provide good customer experience.
According to IDC, the industrial and automotive equipment shows a great value of connected things.
The adoption of smart infrastructure and wearable devices will be high in next few years. Because of rise in public safety concerns, the cost of cameras is decreasing. Also, there are numerous options for bandwidth available in the market. This is accelerating the adoption of video surveillance at a rapid rate.
While drones are still in early phase of adoption, they provide tremendous potential to access remote locations and would be a big driver in data generation using cameras.
Along with these lines, IDC’s report talks about IoT metadata category, highlighting it to be a growing source of data managing and leveraging. IoT metadata manages, analyses and allows the users to better understand the information about the data files that are created using IoT devices.
“Metadata is a prime candidate to be fed into NoSQL databases like MongoDB to bring structure to unstructured content or fed into cognitive systems to bring new levels of understanding, intelligence, and order to outwardly random environments,” adds IDC.
Read full report here.
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