Internet of Technology, one of the most captivating repercussions of industrialization 4.0. Also, referred to as the “technology that connects”, IoT has been on the rise since it’s inception. Year-after-year, more and more devices are entering the spectrum of interconnectedness.
According to research by Gartner, the world would have more than 20.8 billion connected devices by the end of 2020. Implying that as we would step into the next decade, we would take along with us a whole new ecosystem, one that is digitally-driven. For enterprises that seek to create a different and embark on the path to success, investing in the technology and prioritizing it, becomes imperative. Superimposing on the need is the survey that outlines the installations of 4.8 billion IoT devices in large scale organizations and similar enterprises.
No matter what you think, it is not an option but a need to integrate IoT based tools within your organizational infrastructure to remain in the limelight.
Wondering on what’s trending? Well, this article resonates with the top IoT trends that will surely hit the industry in 2020.
Top Internet of Things Trends To Keep An Eye On In 2020
Acknowledging the pace at which technology is rising, it becomes imperative for the organizational leaders to keep track of the trends that are ready to surface on the top in the next decade.
Given the scope of IoT and it’s application, one thing that would surely take place and that is the increased number of connected devices. With more and more devices communicating and sharing data with each other, the network would expand beyond boundaries making the data vulnerable to hacks. Software breaches, information leaks, and data probing would necessitate the need of embedding security within the infrastructure and so, IoT security would be a major trend, the organization needs to keep in the loop to safeguard their customer’s data. Upcoming times would witness increasing demand for improved IoT based systems in the sense that are more secured and can control any sort of glitches or attacks.
Smart homes, smartphones and now, smart cities. Exciting right? The concept has already penetrated within the industry and the next year would witness a huge shift in the lives of all. Industries that are working on this idea plan to induce IoT based parking systems, integrate IoT based sensors to monitor traffic and added utilities. To date, a huge amount of investment has been made in this domain and this figure is expected to reach $80 billion by the end of 2050. The main purpose behind the theme of smart cities is to deploy an infrastructure that allows users to communicate with hard to reach things taking the help of IoT and enhancing the decision-making capabilities of all.
IoT in Healthcare
By far, this is one of those sectors that has witnessed tremendous advantage after the implementation of IoT based devices. From wearables to sensor-based health monitors, medical devices and portable pieces of equipment, IoT has transformed the healthcare sector. And this is only expected to rise in the near future with the expected CAGR of 26.2%. Mathematically this figure comes down to $72k billion by the end of 2021. Nowadays, professionals connect with their patients with the help of wearable devices that are further connected to a central monitoring system, keeping them updated about the health condition of the patient in real-time. Added to this, is the inception of virtual assistants that are tailored to guide and assist patients in the absence of a certified professional. No doubt, the coming years would unfold greater aspects of IoT in the domain of healthcare.
Data Collection Powered By AI
We are well aware of the fact that IoT promotes connecting an array of devices which in turn share huge amounts of data. Artificial Intelligence applications are being used worldwide
Now given the total number of connected devices, it would not be wrong to state such data in entirety would transform the entire decision-making process of the organization. However, data collected through IoT connected devices aren’t capable of predicting behavior. To accomplish this, scientists and technical nerds are putting AI to use. Combining the IoT based system with AI gives them the ability to train the model, in a way that they turn smarter and make better decisions.
A concept that is largely based rather backed by IoT, flying cars is all about connectivity. The fact that these can be remotely controlled, thanks to the IoT embedded tools, flying cars is no more a fan of science fiction, instead of an eye captivating reality. The cars maintain constant communication with the centralized home base that monitors the flight. While Tesla has already started working on the idea, Uber is also making its way. It is expected that 2020 would see Uber flying cars test their fate in cities of LA, Dallas, and Dubai. What say? Want to share a ride?
Ok, I am not kidding. And why do you think I am kidding. When you can have smarter watches, why not shoes? Well, this isn’t just helpful for the customers but also for the inventory management lot. Why? Smart shoes are embedded with RFID tags that ease the task of the managee to monitor and track the flow of inventory. Also, it helps marketers keep track of the movement of the customers, collect data and likewise, enhance their services, making them customer-oriented.
IoT In Manufacturing
You can also call them smart factories. Where 2019 saw the inception of IoT in tracking and management activities, the next year is expected to witness far more implication of IoT in the manufacturing industries. Warehouses or the manufacturing units would have sensors installed that can map the needs of the items, for instance, items that are temperature specific, the sensors would keep track of the outside and internal temperature and notify the manager about glitches. This helps prevents the occurrence of faults or damages, enhancing overall productivity.
Almost every industry has been effected post the inception of IoT and the telecom sector is no exception. In the era where everything happens at a speed that is incredibly high, IoT in the network and communication industry would augment the 4G LTE connectivity. Greater bandwidth, higher speed, and least latency, the next decade would unleash the potential of IoT in the telecom domain.
Self Driving Cars
A late mention but a worthy one. Autonomous cars are expected to wave off the traditional form of driving. Also regarded as self-driving or driverless cars, IoT in the automobile sector is all set to transform the way people commute, adding mobility and round the clock flexibility. The BMW 7 Series is equipped with features such as auto parking where’s Elon Musk’s Tesla aims to redefine the idea of transportation.
Dealing with customers, adhering to the request and addressing their issues is the key to success for any business organization. Where a manual workforce is limited by time and restricted in efforts, organizations are seen embracing the concept of IoT to deploy voice assistants that are available throughout the day.
These are always active and cater to the needs of your customers in the most effective way. Further, people today are bilingual and for a customer service professional, meeting all the demands isn’t possible. Here again, the adoption of voice assistants comes to the rescue.
The Final Word
No wonder, IoT is designated as the groundbreaking technology. It is evidently reshaping the future, opening up newer avenues for entrepreneurs and business professionals to take advantage of. However, this is just the start and the technology has a lot more to offer than you expect. So, let’s not anticipate and let future unveil the real picture.