Edge computing and blockchain to lead change in 2018, predicts DataArt
December 19, 2017
Edge computing will take the spotlight in IoT for 2018, as blockchain enters the mainstream and security challenges increase, according to New York technology consultancy DataArt.
The IoT is already altering the way people live in a multitude of ways, from the transformation of many business operations to the reshaping of how people drive and manage their homes. And considering predictions by IHS that there will be approximately 70 billion IoT devices in existence by the end of 2025, this is still the beginning of the changes that IoT will bring.
And BI Intelligence predicts that almost $6tn will be spent on IoT over the next five years.
Commercial devices are rapidly evolving to be powerful enough to run full-fledged operating systems and complex algorithms. Edge computing, which refers to the fact that part of the work happens right at the edge of the network where IoT connects the physical world to the cloud, involves a great deal more than having computation and data processing on IoT devices.
A fundamental aspect of this concept is the strong and seamless integration between IoT and the cloud, bringing the physical and computation worlds closer in a profound way.
The next developmental wave of resource-efficient machine learning algorithms, predicts DataArt, will advance the potential for edge devices to take over a growing percentage of computing requirements. Due to its ability to increase privacy and reduce latency, edge computing is predicted to evolve greatly over the coming year.
Although blockchain remains on the fringe in many ways, 2018 is likely to be the year that this technology enters the mainstream through increased adoption in IoT. There's no question that big data have grown massively due to IoT, and blockchain technology carries the potential to take IoT's ability to help companies target consumers more efficiently to the next level.
All systems of interconnected IoT devices can use blockchains to organise, store and share streams of data. Over the coming year, this technology is expected to play an integral role in the multitude of industries that manage real-world objects moving across different geographies, thereby making blockchain one of the top IoT trends in 2018.
Unfortunately, as is the case with the growth of all internet-based technologies, security challenges will increase as the IoT expands. Hackers will present new levels of concern for security experts, as more devices become connected to one another. And the growth of industrial IoT will increase the potential for vulnerabilities in global infrastructure systems, thereby creating new challenges for network security experts to overcome to prevent malicious attacks on businesses, governments and individuals.
The IoT has already had a profound effect on lives, says DataArt, and this technology promises to further alter the world dramatically over the coming year. While edge computing, blockchain and security will evolve greatly, there's no way to be certain about everything that will come to fruition in 2018.
DataArt designs, develops and supports software. Its customers include Nasdaq, S&P, Oneworld Alliance, Ocado, Artnet, Betfair and Skyscanner. Organised as a global network of technology services firms, DataArt brings together expertise of over 2300 professionals in 20 locations in the USA, Europe and Latin America.