Top IoT Trends and it’s Real impact on Business in 2019
If I had to give “technology” another name I would undoubtedly entitle it to convenience. From connecting millions of people globally to creating unlimited employment opportunities, technology has always been on the move to provide ease, efficiency and an improved lifestyle to its users.
How is IoT (Internet of Things) related to user’s convenience?
Internet of things is a system of physically connected devices, which are linked to a common web interface, these devices can share, send, comprehend and act on the data collected from their surroundings, through embedded software, sensors, chips, and actuators etc. IOT in businesses is not a new thing, bigger companies no matter which domain they belong to, ranging from finance to logistics, from healthcare to real-estate, from tech to retail, all are well aware of the importance of IOT in business.
Interested to know some real-life examples of IOT?
Some of the cool examples of IOT include self-driving cars, voice assistants, smart homes, smart gloves, mirrors, locks, vending machines, commercial security systems, smart cities with traffic and weather monitoring features, and electric appliances in homes and industries etc. These technologies are growing at an extremely fast pace and since we have seen extremely influential developments in IOT in 2018, we believe 2019 is going to be a definite success too.
According to Gartner, in 2019 the number of IoT devices will exceed 14.2 billion, and this technology has the potential to reach 25 billion in total by 2021. Seeing the enormous possibilities, let’s further discuss the future of IOT and some of the expected IOT trends to be followed in 2019:
TOP IOT Trends 2019
1. Big Data and Artificial Intelligence
Considering the example of smart cars, Artificial intelligence, and big data have made them a success, how? Smart cars can drive smoothly without any driver, they can even estimate the distance from other cars to avoid accidents, all this training has been possible by using big data sets and embedded AI. Today how IOT is changing businesses in2019 greatly depends on the advancements in AI and data analytics.
2. The rise of 5G
5G is called to be one of the most game-changing technology in the coming future. It can change how IOT benefits businesses and the immense number of opportunities it can bring once launched successfully.
3. Voice Enables IOT devices
Voice assistants like Google Home and Alexa will make interactions between users and devices easier and will continue to grow in demands.
4. Industrial Revolution
With smart appliances and connected devices everywhere, we will be seeing a revolution in the industrial sector in terms of productivity and efficiency.
5. Increased Social & legal concerns
With the rising trends in IoT, there will be a lot of social and legal concerns for companies working under this domain, they will have to consult legal authorities before utilizing consumer’s private data for their research.
6. Security
Again security will be a huge concern because, with smart devices to bring ease in everyday manual tasks, where IOT has many benefits to offer its users, it can, unfortunately, become a problem too.