Internet of Things (IoT) is much more than a buzzword now. Internet of Things has penetrated into several industry verticals including but not limited to retail, healthcare, e-commerce, real estate, and education.
IoT will continue to deliver new opportunities for digital business innovation as well as give an example that can master these trends. Any company or person can transform around the world.
The trends and tech are:
1. Artificial Intelligence (AI)
As data drives the IoT, AI will be applied to a wide range of IoT information, including video, still images, speech, network traffic activity and sensor data.
2. Social, Legal and Ethical IoT
A wide range of social, legal and ethical issues will grow in importance around ownership and use of data.
3. Infonomics and Data Broking
Thirty-five percent of respondents were selling or planning to sell data collected by their products and services.
4. Move From Intelligent Edge to Intelligent Mesh
Edge architecture will evolve to a more unstructured architecture comprising of a wide range of “things” and services connected in a dynamic mesh.
5. IoT Governance
Appropriate behavior in the creation, storage, use and deletion of information related to IoT projects will become increasingly important.
6. Sensor Innovation
New sensors will enable a wider range of situations and events to be detected, current sensors will fall in price.
7. Trusted Hardware and Operating System
By 2023, we expect to see the deployment of hardware and software combinations that together create more trustworthy and secure IoT systems.
8. Novel IoT User Experiences
UX designers will be required to use new technologies and adopt new perspectives if they want to create a superior and frictionless IoT experience.
9. Silicon Chip Innovation
By 2023, it is expected that new special-purpose chips will reduce the power consumption required for chips enabling new edge architectures in low-power IoT endpoints.
10. Wireless Networking Technologies for IoT
Several, new networking technologies will emerge to optimize IoT networking.
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