The Internet of things (IoT) trends is booming rapidly. And the next year 2018 will be fascinating for the IoT industry. The ever-evolving digital ecosystem is consistently giving way to unexpected innovations in the future. 20 years ago the internet was the next big thing and was reserved for the tech-savvy folks only. Today, the internet has taken over our lives, and we depend on the web for the simplest of tasks. The IoT technology continues to evolve at an incredibly rapid pace.
Consumers and corporations alike are anticipating the next big innovation. They are all set to embrace the ground-breaking impact of the Internet of Things on our lives. Recently, the HAX Hardware Trends Report analysed over 200 start-ups. The report identified some key ways in which we can expect the world to change in the coming year.
Read on to know for yourself.
Advancements in general
If you consider the Internet to be a revolution, we are just in its beginning phase. The physical world we live in is being affected deeply by the revolution. No sector is left untouched, whether it is construction or insurance services.
Artificial Intelligence is becoming omnipresent. Machine learning, big data, and analytics, etc. have become commonplace, and are found in consumer products, health tech devices, service, industrial robots, and several enterprise solutions as well.
People are moving toward entrepreneurship and investment is booming. In the past year, 36 startups alone raised over US $100M. Plus, there are 18 unicorns or private companies holding a valuation of more than US $1B. These companies represent approximately 10% of the global blessing.
Reinvention of Consumer Devices
Recent studies show that the amount of digitally connected devices will exceed the number of people on the earth very soon. The increasing penetration of smartphones, tablets and other gadgets in our lifestyle has broadened the expense of IoT than it was ever before. The massive growth in the market has led to the reinvention of deep tech and big data.
Consumer devices are getting more and more personalised and specialised while adapting to our unique needs. Low-power, short-ranged network devices are flooding the market. We can see millions of sensors embedded around us, while voice services like Apple’s Siri, Google Home, and Amazon Alexa are becoming increasingly popular.
Reshaping Healthcare Industry
As the consumer becomes aware and services become more and more customer-centric, Healthcare industry is also taking advantage of technology to improve their services. IoT is redefining how patients access the healthcare services and pay for the same. Wearable gadget is another innovative device that is revolutionising the fitness. The devices monitor our health stats and also reminds us when to take medications, when to exercise, etc. These gadgets also notify the patient when their blood pressure is too high.
Increasing Adaptability to IoT
Enterprises, whether it is agriculture, retail or mining, logistics, are becoming increasingly adaptable to the tech advancements. Technology is being leveraged to optimise and streamline processes, tracking physical assets and managing resources. Companies are even looking to put robots to work, and Amazon’s drone delivery system is an excellent example of the same. China is rapidly becoming the world’s largest buyer of factory robots.
Network security challenges
Not all the upcoming IoT trends are positive. Individual network security challenges, which includes hackers and malevolent actors who seek to harness IoT for nefarious purposes are a major challenge. The cyber attack of 2016 is an example of the dangers due to the security challenges. It is anticipated that as industrial IoT continues to grow exponentially, the vulnerability of internet infrastructure will also increase.
What do you think about these anticipated IoT trends for future? Share your views in the comment section below.