New report envisions the connected IoT future of 2030 and barriers to adoption

New report envisions the connected IoT future of 2030 and barriers to adoption

New report envisions the connected IoT future of 2030 and barriers to adoption

Report by Wipro Digital and Forum for the Future finds that 98% of business leaders see IoT contributing to sustainable future; but only half are taking action.

Wipro Digital released a new report titled “Vision 2030: A connected future” that highlights the opportunities that experts and business leaders see for data and connectivity in creating a sustainable future.

The report, jointly developed with Forum for the Future, an international sustainability non-profit organization, outlines a future vision for Internet of Things (IoT) driven connectivity and highlights the barriers that need to be overcome to realize this vision.

One of the findings of the report is that while 98% of business leaders surveyed see great potential in data and connectivity and strongly believe it will contribute to a sustainable future, only half use data and connectivity to support such efforts. Vision 2030: A connected future recommends actions to close the gap between awareness and action.

Jayraj Nair, Vice President and Global Head of IoT, Wipro Limited said:

“IoT, data and connectivity are changing the way we live and work – disrupting industries and reshaping the social landscape. To ensure these advances have a positive impact on the future, grow our economies and drive sustainable efforts, we must successfully and efficiently harness these technologies. The Vision 2030 report imagines a world where we can do just that, and offers suggestions on how to make those visions a reality.”

Concrete examples of where business leaders and industry experts imagine IoT, data and connectivity driving a sustainable future include:

  • Open data infrastructures: platforms that offer access to various kinds of data are essential for enabling better data flows and collaboration, data integration and the meaningful analysis of data.
  • Cross-department collaboration: encourage collaboration and sharing of projects as well as budgets across departments such as Operations, Supply Chain, Marketing, Research & development, etc.
  • Data integration: information generated through the connection of various data sources offers the incentive to link silos and drive exponential innovation.
  • Digital citizenship: a public movement that uses data to inform and empower citizens, and enable them to express their voices and ideas to shape the future they want.
  • Tracking for transparency: new data monitoring technologies and distributed databases can increase the reliability of data flows, leading to increased digital trust, robust decision-making and transparent supply chains.
  • Globalizing empathy: New technologies such as Augmented Reality (AR) and Virtual Reality (VR) may enable people to better understand global challenges, and engage more deeply in situations that before felt far away in terms of location and lifestyle.

According to the report, in order to achieve this future, business leaders must see beyond operational efficiency and overcome the significant barriers impeding IoT, data and connectivity from enacting a positive impact, some of which include:

  • Security risks: digital security and privacy issues are inhibiting people, businesses and governments from releasing their data.
  • The digital divide: access to technology and data skills are not being shared equally between demographics and geographies.
  • Potential for a rebound effect: as the availability of data-enabled products and services grow exponentially, so too does the corresponding energy demand and electronic waste production.
  • Lack of common tech standards: since advances in technology often happen faster than legislation can keep up, there is a lack of necessary governance for technologies such as artificial intelligence and IoT.

Jonathon Porritt, Founder Director, Forum for the Future said:
“A brighter, fairer and more prosperous future for all is within reach if we can unleash the system change potential of IoT, data and connectivity. It is up to every business and government body to decide whether they want to work within systems that are open, transparent, democratic, connected and collaborative – or stick to more isolated, closed ways of working that definitely do not help any forward momentum towards a more sustainable society. Our aim is to provoke thoughts and provide ways for companies to achieve a not-too-distant future that is connected, sustainable and prosperous.”

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IoT Business News

Number of connected IoT devices to hit 125 billion by 2030, says IHS Markit

The number of connected Internet of Things (IoT) devices will jump on average 12% each year from 27 billion this year to 125bn in 2030, according to new research from IHS Markit.

The eBook, titled ‘The Internet of Things: A Movement, not a Market’, explains how the IoT is creating competition by transforming day-to-day business practices and bringing in new opportunities. It is expected that over the next 15 years, worldwide data transmissions will increase yearly from 20 to 25% to an average of 50% every year.

Jenalea Howell, research director for IoT connectivity and smart cities at IHS Markit, said: “The emerging IoT movement is impacting virtually all stages of industry and nearly all market areas — from raw materials to production to distribution and even the consumption of final goods. This represents a constantly evolving movement of profound change in how humans interact with machines, information and even each other.”

Meanwhile, a survey from Gartner showed that PCs, tablets and smartphones shipments globally will increase 2% year over year to over 2.35 billion units in 2018, establishing the highest year on year growth since 2015. The survey also projected that shipments of conventional PCs will see a 4.4% decline in 2018 but shipments of mobile devices will see a 2.4% increase. Latest from the homepage

Chinese government wants country to be AI leader by 2030


The Chinese government has released a three-step blueprint, showing how it intends to become the leader in artificial intelligence development and deployment by 2030.

The State Council, the chief administrative authority in China, published the plan last week.

See Also: WeChat’s director of user growth talks up new features for overseas clients

China will look to “keep pace” with all other leading countries in AI by 2020. This means an AI industry worth $ 22 billion and $ 150 billion in related fields, such as self-driving.

From there, the Chinese government will work to have all regulatory and legal framework set by 2025. This will allow operators to understand the rules and better market AI to customers and enterprises, both inside and outside of China.

China is expected to be more complacent about AI development than the U.S. or Europe, where regulators are likely to block AI that could harm citizens. A Forbes report already shows how the government can use facial recognition and AI to track potential “criminals,” seen in the West as a massive breach of privacy.

An innovation center by 2030?

By 2030, the Chinese government hopes to be an innovation center for AI. In the plan, the State Council estimated $ 150 billion in value for the AI sector and $ 1.5 trillion for related fields.

Major Chinese companies, like Alibaba, Tencent, and Lenovo, have already set up divisions for AI exploration and development. Baidu, the most popular search engine in China, has launched a personal assistant and is working on self-driving cars.

It is hard to calculate what country is in front in the AI race, especially since nobody knows where it will end. Tesla CEO Elon Musk, who also founded an AI research startup, has said that the development of general purpose artificial intelligence is an existential threat to humanity, and has said governments should halt development until regulations are in place.

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Report predicts 95% of US cars will be autonomous by 2030


A lot can happen in 13 years. New technologies emerge and become commonplace in the market, political and economic climates shift several times over, and industries rise and fall with changes in consumer demand. If a new report titled Rethinking Transportation 2020-2030 is correct, the transportation industry is about to undergo a very transformative decade.

It has been 13 years since the first privately funded spaceplane left the Earth’s atmosphere. Today, companies like SpaceX are not only sending rockets into space but have discovered a way to make stages reusable.

See also: Automotive 2.0 – The new road ahead in autonomous vehicle

Likewise, in 2004 iPods only played music. We were still several years away from the first iPhone. The Internet of Things was still largely just a concept discussed in publications like Scientific American with very little actual real-world application. The United Nations ITU hadn’t even released its first official report on the subject.

So, when a report like this one from RethinkX makes bold claims about a massive shift in a long-standing industry, it is certainly probable.

A bold prediction?

RethinkX’s report states the following:

By 2030, within 10 years of regulatory approval of autonomous vehicles (AVs), 95% of U.S. passenger miles traveled will be served by on-demand autonomous electric vehicles owned by fleets, not individuals, in a new business model we call “transportas-a-service” (TaaS).

This is a very bold prediction. It assumes that the vast majority of passenger travel will not take place inside privately-owned cars as they currently are, but by an autonomous vehicle that can be called with an app and arrives at your driveway ready to take you to your destination.

This would change the automotive industry as a whole, very dramatically. If this extreme shift occurs, it would change the way automakers design and market vehicles. Consumers would no longer be the owners of their own transportation as they commonly are today. They would, instead, be reliant on corporations to take them from point A to point B.

The benefits of a new service industry

This report is made more plausible when you consider long-term strategies coming into shape from companies like Uber. Uber is currently using funds generated by privately-owned vehicles operated by human drivers to develop a fleet of autonomous ones that would pick up and deliver passengers without anyone having to touch the steering wheel.

The report also proposes that this solution would decrease the number of passenger vehicles on American roads from 247 million to 44 million over a period of a single decade. Fewer vehicles mean less traffic and less space required for parking lots.

Autonomous vehicles are also being developed safer than human-operated ones. The technology is still in its infancy, however, with more refinement and additional testing, it could provide a strong case for a disruptive – and critical shift.

Despite millions of miles being driven by autonomous vehicles over the past half-decade with a fraction of the collisions that human drivers average, we do hear quite a bit about the occasional collision – especially when someone is injured or killed.

Over 30,000 people are killed in the United States each year in automotive collisions. By any measure, this number is too high. If autonomous vehicles reach a point where they are indeed more trustworthy than human drivers in even the most unusual circumstance, then it might just give consumers a reason to skip their monthly car payments in exchange for a ride fare.

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Autonomous vehicles could make up a quarter of all miles driven in the US by 2030

A new piece of research by The Boston Consulting Group (BCG) has found that by 2030, around a quarter of miles driven in the US could be in shared autonomous electric vehicles that will offer consumers in large cities the lowest-cost, most convenient form of transportation.

According to BCG’s key insight, the convergence of three trends, ridesharing – Uber and Lyft – and autonomous driving and vehicle electrification, create a far more compelling economic case than any of these forces alone. It is due to their ability to cut down travel costs by 60%, that the shared autonomous electric vehicles (SAEVs) could shift about 25% of miles travelled from private automobiles, which will eventually create enormous benefits for consumers as well as causing major disruption to the automotive industry.

Though the total vehicle demand will not be affected much, BCG says that by 2030, more than five million conventional cars per year could be replaced by fully autonomous electric vehicles for urban fleets and partially autonomous cars for personal use. This will benefit cities largely as there will be less congestion and cleaner air, but could be disadvantaged by falling ridership on public transit, fear of which could result in some cities proactively trying to regulate the number of SAEVs on the road.

Justin Rose, a Chicago-based partner who leads BCG’s digital efforts for industrial goods companies, said: “The age of shared autonomous electric vehicles is upon us and now is the time for automakers, suppliers, and cities to begin taking the bold steps necessary to thrive in this rapidly changing world.

“Companies need to deconstruct and rebuild business models, develop new capabilities, create new sources of sustainable advantage, and shift assets and talent to new purposes—or risk becoming irrelevant,” Rose added. “As with any great disruption, this transition will be risky and extremely challenging, particularly in the face of near-term investor expectations of customer demands.” Latest from the homepage