3 Ways IoT Will Drive Technology Decision Making in 2016

With Halloween behind us we have officially kicked-off the start of the Holiday Season, which means that we’re already starting to see analyst firms and technology authorities report on year-end observations and predictions. Last month, for example, Gartner shared the Top 10 Strategic Technology Trends for 2016.

The report called out exciting developments like with 3D Printing Materials, but we’re also excited to see that many of Gartner’s predictions fall directly in-line with Prism’s technology and company vision. Let’s take a look:

Trend 1: The Device Mesh

According to Gartner, the “Device Mesh” refers to the “expanding set of endpoints people use to access applications and information or interact with people and businesses.” It’s this growing set of devices and sensors that come together to create the Internet of Things ecosystems that will drive the evolution of smart businesses — and consumers. Over time we’re going to see more of these devices come online, and we can expect their individual capabilities to broaden. Prism, for example, is bringing new visual sensors to IoT using next-generation video devices. Not only is the “Device Mesh” on the rise — whole new kinds of data are surfacing.

Trend 2: Data is Everything

You might not spare much thought for what counts as “traditional data”, but for the folks that get paid to think about this stuff, data has generally fallen into three categories: text, audio and visual information. With evolving technology and the ever-growing IoT, that’s all changing. Now, even contextual and sensory information (think touch, smell, and so on) are becoming valuable, quantifiable data sources for developers, researchers and businesses.

Prism-enabled cameras illustrate how existing devices are evolving to gather new kinds of data as part of the device mesh. Instead of merely recording video, these cameras gather massive amounts of visual records that Prism translates into a wealth of other data types — like customer path movements and traffic. So where there have always been patterns in customer traffic and how individuals interact within any brick-and-mortar environment, it’s new, quantifiable data types (like paths) that make those patterns measurable — and actionable.

screenshotTrafficMap

Trend 3: the IoT “Platform”

David Cearley, VP and IoT expert at Gartner makes the case in the report that “any enterprise embracing IoT will need to develop an IoT platform strategy.” This means developing an official system to address the new set of security and deployment considerations for connected technologies, and determining how this fits into the overall IT program within a business. This is a concept that Prism seeks to address right out of the gate — as many businesses are already equipped with cameras that are Prism-compatible, “connecting” a space can often take less than 15 minutes. Likewise, Prism’s software is built from the ground-up to address evolving security concerns that will arise as IoT continues to mature. Prism’s approach to an IoT platform is one that is not only easy to deploy, but also engineered with an emphasis on security, so that businesses can focus on deriving value from IoT data, rather than managing it.

It’s a given at this point that IoT is a game changer for all kinds of businesses, and the trends we’re seeing for 2016 help pinpoint exactly how IoT’s large-scale implementation will play out. We’re excited to see more brick-and-mortar businesses using the new data, innovative platforms, and strategic edge that IoT devices like Prism provide — and we’re looking forward to using the evolving Internet of Things to deliver better-than-ever insights for our customers.

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