Is the Internet of Things(IoT) the Future? What does IoT mean?
IoT definition: IoT i.e. Internet of things is a system of interrelated computing devices that are embedded with sensors, processing abilities, software, and other technologies for the exchange of data with other systems via the internet.
Internet of Things (IoT) is a future technology that is spreading like a fire in the forest. Being an emerging technology IoT holds a strong foot in different industrial segments and also at homes and offices. Nowadays, IoT has become a household name, with the growth of technology; IoT devices are connecting other smart devices, sensors, networks, and human interfaces effortlessly via IoT Network. So, Is IoT the Future? Definitely yes!
IoT trends – statistics
Number of Internet of Things platforms in 2019: 620. The projected global IoT spending will be around 1.1 trillion USD in 2023. The number of IoT devices in 2022 is going to be around 11.57 billion, which will further rise by the end of 2030 i.e. 25.4 billion IoT connected devices will be at our disposal.
So before we move on to the Top IoT trends, let’s go through some IoT fundamentals.
What is IoT technology?
IoT technology is a network of physical objects embedded with various other devices such as sensors, software, cloud,etc. The main purpose of IoT technology is to connect with different devices for data exchange.
The devices used for connection and information exchange are useful in household things or any other sophisticated industrial instruments. It focuses on the power of the internet to provide connectivity to smartphones and computers. Further, IoT solutions offer services to processes, humans, and the environment.
Automatic cooking through smart microwaves, self-driving cars, daily step-count on a smartwatch, IoT monitoring of heart rate on fitness devices, etc. are some of the prominent examples of IoT applications. Also, Sensor technology in IoT allows the measurement of physical quantities such as temperature, light, sound, and humidity.
Internet of Things Key features:
- Smart and intelligent analytics
- Communication and dataflows
- Automation of activities and decisions
- Ecosystem community/ Internet of Everything
- Sensing and connectivity
- Scalability and active engagements
We hope that you are off to a great start in the year 2022, adding to that, here are some IoT trends that will play an essential part in shaping the future of IoT.
Top 10 IoT Trends shaping the Future of IoT
1. 5G and IoT
5G expansion is going to improve future IoT technology. Not only 5G will reduce latency, it will also deliver hyper-connectivity. As 5G networks expand and roaming agreements start coming through, it will provide the end-user with more flexibility, mobility, reliability, and security. Thus, 5G for IoT will open many opportunities for IoT-driven devices and technologies.
Additionally, 5G will also be helping in distributing smaller sensors and devices to a broad spectrum ensuring a good return in terms of information exchange. With IoT spreading across the horizons, it’s now easy to implement IoT solutions in Rural and remote areas.
Nowadays, communication and collaboration between IoT sensors and devices are easier. Also, with high worldwide 5G coverage and maximum energy effectiveness, there will be faster data transfer mechanisms in IoT. Obviously, 5G and IoT will have their fair share of challenges which will have to be tackled along the way.
2. IoT and Cybersecurity
Cybersecurity is at top of any techies mind when it comes to IoT and 5G expansion. Given that, Cybersecurity is a big focus area that needs our utmost attention. The spike in the number of people and industries accessing IoT data over the network makes it important to keep the process secure and confidential; this is possible by having a default password setting for devices and sensors, in such methods- People are unaware of security norms that need preserving.
So, the routine cybersecurity norms may not be enough to protect the entire infrastructure. Special rules, regulations, tools, and processes must be made in context with IoT for better security. With more cyberattacks, DDOS, and malicious crimes taking place, appropriate measures to counterattack will get some limelight. Further, Iot companies have to make sure they protect the smallest of IoT devices and sensors following IoT protocols.
3. Off-the-shelf IoT solutions for enterprises
IoT is catching every enterprise’s attention, big or small. Earlier, there were some fixed IoT solutions available for all enterprises with less flexibility and customization. With the increase in demand, the need for tailormade solutions is increasing. The market is indicating a flexible mode of operation where an enterprise can choose a specific type of IT solution according to their requirement, keeping in mind the need for collaborations, and tie-ups with sensors and devices. So, these user-friendly apps will possess operational workflow and embedded analytics that will totally be for the enterprise, with respect to their own requirements.
With the changing trend, IoT moves towards the enterprise and different industry segments in the form of off-the-shelf solutions with inbuilt connectivity and analytical abilities. In 2022, we shall see more tailor-made IoT solutions for different enterprises. Also, the enterprises will look forward to adopting IoT-driven solutions for matching up their own workflows.
4. IoT Edge Computing
Edge and IoT bond well with each other. Further, IoT edge computing ensures that the creation of devices is done with analytical competencies so that, the computing takes place closer to the data source. The edge devices use smart sensors for capturing the information. This makes analysis faster and also helps with network congestion. In addition, IoT edge secures the information since the data is accessible at the user-end rather than being available to all. Thus, small sensors and devices will hold more capabilities of offering better analytics and processing.
As 2022 progresses, the organizations will witness a more hybrid cloud computing offering IoT solutions and services with edge computing as an integral part of the entire solution, so this will make faster delivery, smart insights, and also secure processing of information. Data processing happens in the cloud, which means that the IoT devices will be kept away from the data collected by devices and sensors. Major functionalities will shift towards the edge of the network for reducing latency and increasing automation in decision-making. This IoT trend is beneficial for time-critical applications like self-driving vehicles etc.
The artificial intelligence of things i.e. AIoT is a combination of the power of AI technologies, IoT devices, and sensors. This integration is made for the purpose of achieving effective IoT operations and improving data analytics. Further, this combination of AI and IoT easily interprets the machine-to-machine and human-to-machine interaction, in real-time. Hence, there is more privacy and information is secure with real-time intelligence.
AI IoT is a developing concept, and this year will witness more usage of the same. Since both AI and IoT are based on intelligence, the end-product device will be more proactive. Thus, it will ensure faster and more precise processing. In short, the lethal combination of these two emerging technologies will provide more scalability and also revolutionize the future of industrial automation.
6. Internet of Things as a Service (IoTaaS)
Apparently, the Internet of Things is being treated as a service in itself. The implementation of IoT as a Service or organization will have multiple prototypes cycles, faster go-to-market time, low operational costs, and high-end scalability to run multiple devices in a single go. IoTaaS offers more than one API to a variety of devices and sensors that can avail real-time information with useful insights.
Organizations with IoT setups will have access to different IoT platforms. Also, they will have their own connection of various IoT devices, without depending on external resources.
Services like advanced automation, predictive maintenance will get a lot easier with the Internet of Things as a Service in an enterprise which will also increase revenue for the business.
7. IoT and Healthcare
The healthcare industry is constantly adapting emerging technologies and processes, IoT is one of them. In upcoming years we will see more IoT healthcare devices being implemented by the healthcare industry. A variety of implementations of IoT in healthcare, such as sensors, wearable devices, tracking units, lighting systems with health monitors, mhealth, and heartrate monitoring are useful in developing modern healthcare IoT platforms.
IoT in healthcare is helping doctors and patients to collaborate on a better level i.e. accumulating data that needs further processing and promoting the usage of telemedicine. IoT technology in healthcare is embedded with physical instruments such as wheelchairs, oxygen pumps, etc. this is to understand a patient’s condition and vital parameters. So, the data collected by these IoT devices help the stakeholders in making the best decisions for the organization.
8. IoT Integration with Wearables
Wearables have become an integral part of our lives and to further enhance the user experience, wearables are in close integration with IoT devices and sensors. Further, these wearable devices connect us all to the IoT through different devices such as smartwatches, VR headsets, fitness trackers, etc. This year we may witness proper integration of two powerful technologies i.e. IoT and wearable technology. The new trends are showing more usage of wearables like smartwatches, VR headsets, etc. integrating well with IoT devices for better data capturing and analysis. The IoT wearable medical devices are useful in remote health monitoring of patients.
Lifestyles and fitness organizations are taking the benefits of these wearable devices for monitoring different health and wellness parameters. Further, different sensors and IoT devices help collect the data for better tracking and monitoring of fitness activities. Hence, there is better visibility, connection, and quality service for patients.
9. IIoT- Industrial Internet of Things
The Industrial Internet of things is an IoT implementation in industrial applications and business sectors. IIoT impacts all the areas of business starting from manufacturing to maintenance and client support. IoT is penetrating big time in each industrial operation making it IoT industrial. So, this provides many advantages such as automation of robots via IoT devices and sensors.
Further, Industrial processes like a prediction of time for maintenance of units, performance measurement, etc. are easily done using IoT devices. With IIoT better data analysis is possible because of data collection.
In IIoT we can personalize user experience, enhance security, manage competencies of third-party systems, and also improve communication between stakeholders.
10. IoT and Blockchain
IoT and blockchain are going to be instrumental in the business revolution. This will happen by managing IoT devices using blockchain platform i.e. sending the IoT information to a blockchain ledger for better security and responsibility. Blockchain is also useful in offering data security for IoT sensors and devices. Further, blockchain also helps in having smooth communication between different network records with a secure infrastructure, which is an ideal situation for IoT applications.
IoT is powering devices across the network to send data to blockchain networks and also making different records of transactions. This allows the distribution of data without centralized control. You can also check for possible issues in any transaction in their own network setup. In short, blockchain IoT will bring in more flexibility, security, and improve the efficacy level to its best.
The IoT trends throughout the article suggest one thing, i.e. the Future IoT technology will bring out more innovative ways of merging the emerging technologies for powerful performance using different concepts of the Internet of things on both personal and professional level.
So, if you are curious about IoT trends and willing to know more contact us!
Internet Of Things- FAQ’s
What is an IoT hub?
IoT Hub is simply a PAAS i.e. platform-as-a-service managed in the cloud for bi-directional communication between IoT applications and the device.
Which are the top 5 IoT devices examples?
- Google voice controller
- Amazon Echo plus voice controller
- Amazon Dash button
- August Doorbell Cam
- August Smart Lock
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