If you haven’t heard of IoT yet, it’s time to take notice. The Internet of Things is making its foray with great acceptance and grace. With as many as 20 billion connected devices to speak of as of this year, IoT is becoming the norm rather than the exception. Its use is becoming more mainstream, and it is shaping its own trends for 2018 as a result. Here is what is on the horizon for IoT in the near future.
Greater Acceptance And Growth
As mentioned above, IoT is expanding fast. It is reaching the masses, and more and consumers are taking advantage of how it can make their lives easier and more fulfilled. With IoT’s growth in the business sector, more companies are using the technology to streamline their operations and make greater use of the connectivity it offers. You’ll see IoT crop up in the retail space as well as in the healthcare arena as both look to provide a better experience for the consumer/patient on the service front. Expect IoT to break new ground in 2018 as it finds greater acceptance and growth with companies and organizations.
Adoption Of Mobile
Even more growth for IoT will be seen with mobile device users. With many home products offering connectivity, having the ability to control these devices with your mobile phone is a boon for consumers. More technology enhancements will lead to the use of cell phones and apps that allow the connection of home products to give customers total management of their living environment from far away. With the majority of consumers owning a mobile device of some kind, this is an easy transition for IoT to make and you’ll see plenty of opportunity for the technology in these markets.
Integration Of Smart Devices
Soon the marketplace will be flooded with smart products that can be controlled from afar to help provide you more convenience and functionality. Smart locks, smart doors, smart lights and more will integrate IoT to give consumers more than they ever knew they needed. With IoT, these devices will create connected communities that manage and make decisions based on the needs of the residents. With so much information available for collection on these smart devices, you’ll see IoT in the hands of more people now than was ever possible.
Added Security Risks
Along with the advancements of IoT comes security concerns to take into account. Personal data and information are at risk as IoT expands its wings. There are a variety of growing issues with the technology that may become prevalent in the years to follow. Cyber attackers are anticipated to set their sights on the vulnerabilities of IoT and the next year will be devoted to creating failsafe ways to use the technology without exploitation.
More Big Data
IoT promotes data – a lot of it! With so much data being able to be harvested knowing what to do with and how it becomes important to your business is key to effective use. The amount of data that IoT produces may be too much for companies to sift through and manage. Along will come artificial intelligence to help make it all seem logical. IoT will be a helpful catalyst to AI as it offers businesses a faster and effective way to get the data they are looking for to understand their customers and increase their operations performance. Data will be huge in 2018 along with AI machines that can take out the human factor of sorting through the information. You can expect this trend to continue as more information is collected and the need to hone in on the details that matter grows.
Plenty Of Market Opportunity
Above all IoT will be a win for everyone involved in the industry. More money will be made as the space is expected to reach $6 trillion by 2021. With so much opportunity available for products, technologies, and services that relate to IoT, you’ll be hard-pressed not to do well in this marketplace in 2018 and beyond.
The evolution of IoT has occurred and more now than ever it is taking hold in the industry, and it will soon connect us all. To connect your business with top talent in the IT space, contact Resolute Technologies.