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IoT Trends

This presentation will tell you about the top 12 IoT Trends every entrepreneur must know.

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IoT Trends

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  1. 12IoT Trends 2020 Entrepreneurs Must Know

  2. Smart Home While it started with steady growth, the demand for connected home devices will see a sharp rise in the coming years. This demand, in turn, will increase the need for the manufacturing of connected electronic devices.

  3. Edge Computing It consists of transferring data to a local device, closer to the edge of the network, instead of sending it straight from IoT device to cloud. This local storage helps in filtering and calculating the data and sending a part/whole data to the cloud.

  4. Security The year to come will see the machine to machine authentication overlapping, biometric logins becoming a norm, and technologies like machine learning, big data, and AI being used to eliminate data infractions.

  5. AI, Big Data, and Machine Learning in IoT The year to come will see the machine to machine authentication overlapping, biometric logins becoming a norm, and technologies like machine learning, big data, and AI being used to eliminate data infractions.

  6. Using Blockchain for IoT Security IoT being centralized has minimal to zero guarantee in terms of security, especially since the data is held by a specific party. Blockchain, being decentralized eliminates the issues of lack of security and control being with one party.

  7. Smart Cities The IoT tech spending efforts towards smart cities, which are anticipated to reach $80 billion by 2050, will become a prime ingredient in the goal to improve the quality of living and sustainability.

  8. SaaS will Emerge as a Norm By making data accessible in real-time, SaaS will find itself getting explored by businesses. The time to come will see more cloud vendors coming in the picture as an active part of the dependency that mass IoT adoption will bring alongside.

  9. Unified IoT framework The absence of a unified IoT framework is something that has been a major challenge for the IoT industry. Blockchain driven ecosystem can help to bring all the data in one place with its decentralized operating model.

  10. Increased Consumer Adoption IoT will be used not just for personal or consumer-based use but also for industrial use. It is evident from the fact that IoT connecting devices are set to grow to over 3.7 billion in 2019 and to over 50 billion by 2021.

  11. Location Tracking and Wireless Sensing One of the major IoT Trends will be seen in the efficient tracking of location and wireless sensing. Wireless sensing will be used for creating drones and virtual assistants, object recognition, and medical diagnostics.

  12. Customer Service Operative majorly at the back of IoT and Big Data convergence, customer experience is poised to become more personalized. This combination is what would help in achieving an omnichannel customer experience.

  13. Predictive Maintenance The next-gen manufacturing tools will make use of built-in sensors and advanced programming for performing predictive analytics and forecasting the potential issues much before they actually happen.

  14. For more information on this topic, please refer to this blog: Top 12 IoT Trends That Every Entrepreneur Must Know in 2020

  15. Contact Us Appinventiv Technologies sales@appinventiv.com +91 8826909998 +1-646-585-0501

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