News Feature | January 5, 2015

ParStream Releases 2015 IoT Predictions

Christine Kern

By Christine Kern, contributing writer

ParStream Releases 2015 IoT Predictions

ParStream has announced its Internet of Things (IoT) predictions for 2015, based on building momentum and increased attention from businesses, IT solutions providers, investors, and the media. ParStream, the IoT analytics platform, forecasts these four key IoT trends and drivers this year:

  1. 2015 will see the rise of the “Chief IoT Officer” who can help his or her corporation identify the possibilities and accelerate adoption of IoT on a wider scale. This IoT leader will supplant the VP of eBusiness as CEOs examine the implications of IoT for their business strategies.
  2. ParStream forecasts analytics — especially edge analytics — will be an important part of IoT initiatives. In a press release, ParStream CEO Peter Jensen says, “As IoT shapes the future of analytics, data is getting bigger, arriving faster and generated by a growing number of remote data sources across the globe.” The prediction that businesses will focus on analytics includes the comment, “The attention will quickly shift from ‘enabling IoT’ to truly ‘generating the full benefits from IoT.’”
  3. ParStream foresees platform-to-platform integration driving relevance, asserting “the power and value proposition of an IoT platform will be driven by its connection and integration with other complementary IoT platforms.”  
  4. Although the consumer market is growing, the company expects 2015 to be the year when attention turns to the enterprise and the opportunities that the IoT represents to businesses.

A research brief published by CompTIA, Sizing up the Internet of Things, outlines IoT business potential for the IT channel. Survey respondents (45 percent) believe device companies will profit, followed by data analytics/Big Data companies (43 percent), companies that tie services together with application program interfaces (APIs) (35 percent), IT solutions providers (30 percent), telecom and cable companies (26 percent), networking equipment and software companies (25 percent), sensor/chip companies (23 percent), and platform and ecosystem providers (15 percent).

Survey respondents expressed the value of the IoT in the long term will include creating new revenue and business opportunities, controlling and monitoring newly connected pieces of equipment, collecting new data streams, adding intelligence to “dumb” systems, and gathering contextual information about customers.