The future is Python for many of the applications, it is easy to get in to for newcomers to programming, works great has a strong package management system and large community, and can be applied to virtually any OS you can think of, as well as it can be even used to program GPUs if you are so inclined.
The huge advantage of using G and LabVIEW is that paired with NI Hardware, in the hands of someone skilled with LV you can bang out a solid prototype of a product or a Test and Measurement system so fast it will make people's heads spin.
NI hardware is absolutely top notch for High End use cases or rapid prototyping, complex one offs , scientific use or complicated Test and Measurement end of line test space.
However in the IoT there is strong competition for the NI SB RIO line up, for a SB RIO you will pay 1500 US.
There are so may cheap programmable & capable pieces of hardware, such as Jetson Nano (ARM7+NVidia GPU for vision) or Raspberry PI (ARM7 1.4 GHz with 8GB RAM) or even Asus Tinker Board ... which will serve so many purposes and have onboard GPIO and can be purchased for 50-60 bucks ... that in that space Python paired with Linux knowledge is really making headway.
And if you want to go with ZynQ from Xlinix you can get a board with FPGA ~300 Bucks, which is basically the same HW as SB RIO, all you have to do is use different software tools.
If NI would consider unlocking the ability use NI FPGA with the ability to deploy to non NI Hardware ... I think this is where G absolutely would take off like wildfire and be used on millions of IoT devices everywhere in the world that are powered by and ARM7 + FPGA module... but as it stands now if you use NI FPGA you must deploy on a target you've purchased from NI.
I'll really be a stickler but if we're talking about the programming language we should talk of G. LabVIEW the IDE.
Never say never, I am not aware of any other graphical programming language which could be used for general purpose programing and is as complete as G. If you have come across something interesting I would like to look at it, but I feel that it would be at best an academic project, which I would not use in production code.