IoT Trends for 2023 – What’s in store for this year?

The challenges of cybersecurity and energy sobriety will be more relevant than ever in 2023. To meet these challenges, the sector will undergo technological advances, the advent of Green Tech, and the increasing hybridization of the cloud. Let’s take a look at four areas driving growth…

1- Green Tech paving the way

Sustainability is no longer optional in 2023—it outweighs all technological trends. It is central to CEO strategies and is cited in a recent Gartner survey as one of the top three priorities among investors, right after earnings and revenue. This means that environmentally responsible innovations will be held to a very high standard.

One of the criticisms leveled at the IoT is the impact of deploying millions of electronic devices around the world. With the emergence of Green Tech, at the crossroads of technology and sustainable development, new models are being introduced to reverse the trend.

Contributing to the energy performance of homes and buildings, an increasing number of these devices not only have a positive impact but also demonstrate a commitment to environmental responsibility. The development of global eco-design approaches, like Somfy’s Act For Green label, has a promising future.

2- Cloud Platform more than ever

According to forecasts by the US-based market analysis company Gartner, more than 50% of companies will use industrial cloud platforms by 2027 to boost their business.

These platforms offer a set of solutions that organizations can use in packaged offerings to launch products and services with ever greater agility, innovation, and time-to-market savings. Openness and compatibility issues, brought on by the heterogeneity of devices and protocols, will be central to the success of these sectoral clouds. To be successful, they must demonstrate their ability to unify while providing maximum security to their customers.

Superplatforms simultaneously act as SaaS (offering a combination of software as a service), platforms (Paas), and infrastructures (IaaS) but above all as efficiency and fluidity partners.

Only 20% of companies say they have the skills to integrate IoT into their business strategy, according to an Inmarsat study. Now more than ever, cloud experts will be prime players.

Security at the core

A big challenge for IoT, the security of collected data will be key, like the €20 million allocated by the French Minister of Health and Prevention in August 2022 to protecting sensitive establishments. Combining multiple software development strategies to guard against operational and security risks for businesses, the “digital immune system” eclipses the concept of “zero trust” to become the new roadmap for CIOs in 2023.

Digital immunity provides a snapshot of data-driven operations, testing, automated incident resolution, software engineering, and supply chain security for applications.

The goal is to strengthen the “resilience” and stability of systems for an estimated 80% reduction in system downtime by 2025, according to Gartner, and an increase in data protection in the face of a growing number of cyberattacks.

Predictive maintenance: always a winner

With significant returns on investment, predictive maintenance is considered by McKinsey to be one of the most promising markets for IoT.

With predictive maintenance, maintenance costs are reduced by up to 40%, and the number of failures is reduced by almost 50%. That’s an estimated $630 billion in savings by 2025.

There are three types of maintenance used today:

  • Corrective maintenance occurs once the failure has been recorded, thereby having the disadvantage of being unanticipated.
  • Preventive maintenance devotes a lot of time to regularly checking machines that are in good condition.
  • Predictive maintenance uses indicators that analyze information transmitted in real time and continuously, combined with predictive algorithms that trigger intervention at the “right time” when it is needed.  This saves time and money, a fact that will not go unnoticed by large and small companies in a time of savings across the board.

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