Internet of things (IOT) has been indicated as the future of information technology. It is widely recognized as a driving force that allows businesses of all shapes and sizes to interconnect systems, services, and devices across multiple domains, applications, protocols, and platforms.

However a recent study conducted by the Gartner suggests that the technology is overhyped. Let’s dig deeper to understand whether this argument is true.

Internet of Things is based on the concept that one day all the objects across the globe will be interconnected over the Internet. According to the research gurus, IOT is projected to interlink every   entity and device – from fridge to furniture – by the year 2020.

On the other hand, a survey carried out by CompTIA summarized that approximately 51% of the IT executives believed that IoT opportunities justified the hype while 48% of the respondents accepted that the technology is more hyped right now.

The reality is both the rationales are correct. We are living in an era where networking and cloud trends have been creating a buzz. Companies across multiple sectors and industries have embraced the cloud computing technology to make their IT resources scalable in a secured hosting environment. This has improved their accessibility to deliver resources via the Internet, reduced their learning curves, and enabled them to quickly recover from disaster.

In broader strokes, IOT is at the nascent stage of development and presents tremendous business opportunity to enterprises to automate their internal processes while driving down their operational costs and enhancing revenue streams.  However, most of the businesses are not well-suited to capitalize on the benefits of this cutting edge technology due to architectural and technical network constraints. In addition, Gartner revealed that impact of IoT on data storage is expected to be twofold:

  1. Consumer driven personal data, and
  2. Enterprise driven big data

Splitting this data by types creates table concerns concerning compliance, information control, and compliance. Similarly, the governance of enterprise data is a big concern for organizations at present.  In this scenario, cloud could be one of the possible ways for resolving this problem. By tapping on the potential of private cloud storage alternatives, companies can easily control big data while trimming down their variable expenditures on building and maintaining similar environment within their organizational structure.

Data management and storage options are critical components of the Internet of things. It is important to separate private data from the corporate data, which may create real big impact on the applications and systems designing. This, in the long run, will underpin the IOT technology.

Thus, in my view Internet of Things is only the beginning of a new technological trend.