The IoT is expected to continue its trans-formative potential across industries in the foreseeable future, with 2016's momentum expected to lead spending in the IoT space. The major IoT opportunities will be in the deployment and management of IoT projects. This will lead to ad requirement for new skill sets which are currently scarce in the APAC region.
There will also be a shift towards computing decentralization as the IT industry gradually shifts towards using more IoT technology. Example include P2P networks becoming more widely used, allowing connected devices to communicate directly with each other rather instead of being routed through a centralized data center.
IoT will heavily influenced by "cloudification" and this will lead to its own set of challenges. These include the large amounts of data involved, realignment of existing processes and security solutions.
Cybersecurity is also paramount as the security paradigm is increasingly shifting to physical domain in 2016. The increasing use of mobile devices and the gradual spread of the Internet of Things (IoT) will offer more attack vectors and increase the risks of successful attacks.
Security priorities
The ongoing convergence of operational technology with information technology will exacerbate the situation. Industrial control systems are more vulnerable than ever before and security will be the number one consideration as these systems are modified or developed. IN 2016, it is evident that security will be prioritized and built into the architecture of any new systems before they are implemented.
Less than 5% of the data captured by sensors today are used for optimization analytics and this figure has a potential to increase significantly as more and more devices get connected to the Internet. With the growth of data coming from IoT becoming a reality, big data providers are starting to sit up and take mote and incorporate solutions that cater to this growth. As it becomes clear that IoT data will potentially dwarf social media and traditional internet data,big data providers have started working closely with IoT vendors to create platforms to support data management, data analytics and enable data collaboration.
Enterprises today utilize insights collected to drive efficiency in their internal processes and we are seeing more use cases where big data is used as an extension of an enterprise's core revenue but this will require a change in their existing business model. This will take time for revenue to growth because their customers will also need to change their procurement processes to cater to this.
Digital disruption is set to be the norm across industries as they look to transform to keep their business relevant amidst the ever-changing technological landscape. This trend will lead new business models and is set to stay.
Cybersecurity outlook
Cybersecurity has become one of the hottest topic now, not only among enterprises, but also government organizations due to physical consequences. The spending in cybersecurity, as such, is expected to grow fast in upcoming years, especially the spending on security solutions to protect critical infrastructure and ICS systems. Investment in solutions and services to defend against advanced malware, advanced persistent threat, targeted attacks or DDoS attacks is also poised to increase significantly in the upcoming year.The need to have the capability to manage risk to enable comprehensive security policy throughout organizations is driving enterprises and organizations to invest more in advanced security solutions, expertise as well as threat intelligence. Enterprises are increasingly taking a more proactive approach toward cybersecurity to be able to stay ahead of any potential risks, enhancing their holistic defense strategy.
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