IoT

Internet Of Things Trends That Will Drive Business Innovation

IoT Trends That Will Drive Business Innovation

A few years ago the idea of ​​having smart devices at home seemed like something that could happen in the very distant future. Today we have computers, smartphones, tablets, watches, earphones, televisions, game consoles, cars, and many more “things” that connect to the Internet. 

Well, although it may seem like a lot, it is nothing compared to 99% of things in the world, which are not yet connected to the Internet but could do so in the future. 

Currently, there are more than 10 million devices, although Studies say that by 2021 our digital universe (data and stored information) will increase up to 50 times compared to 2009. It is also estimated that by 2025 there will be more than 21 billion IoT devices.

It is the private sector where this trend is becoming more popular:

  • Industrial sector: Where we find machinery that is responsible for controlling manufacturing processes, temperature, production control, etc. All connected to the Internet.
  • Urban sector: Control of traffic lights, bridges, train tracks, etc. More and more cities use the Internet of Things with which they can monitor the operation of their structures as well as additional variations to new events.
  • Environmental sector: With the Internet of Things it is possible to access information from atmospheric or meteorological sensors.
  • Health sector: Clinics and hospitals increasingly rely on this trend that allows patients to be monitored without being invasive.

IoT Trends That Will Drive Business Innovation

A study by the Gartner consultancy shows the technological trends of the Internet of Things that will drive digital business innovation from 2018 to 2023. Companies cannot miss these opportunities during the next decade.

Gartner’s vice president of research Nick Jones said in an interview that “The CIOs that dominate IOT’s innovative trends have the opportunity to lead digital innovation in their businesses.” Let’s see some IoT trends that will drive business innovation in 2021.

1. Artificial Intelligence

Gartner forecasts more than 25 billion “things” will be connected to IoT by 2021, producing a large volume of data. Artificial intelligence will be applied to a wide range of IoT information which includes videos, images, voice, network traffic activity, and sensor data. 

The technological landscape for AI is complex. Despite this complexity, it will be possible to achieve good results with Artificial Intelligence in a wide range of IoT situations. As a result, CIOs must create an organization with the tools and skills to exploit AI in its IoT strategy.

Also Read: How People Are Embracing IoT Devices in The Home

2. Legal And Ethical IoT

As the IoT grows, the social, legal, and ethical problems will also grow. These include data ownership and issues related to privacy, algorithmic bias, and Data Protection. CIOs should educate themselves and their staff and consider group training as ethical advice to review corporate strategy.

3. Purchase And Sale Of IoT Data

By 2023, the purchase and sale of IoT data will become an essential part of many IoT systems. CIOs should educate their organizations about the risks and opportunities related to the exchange of data to establish the IT policies required in this area and to advise other parts of the organization.

4. New Wireless Networking Technologies For IoT

The IoT network involves balancing a set of competing requirements, such as the cost of the endpoint, energy consumption, bandwidth, latency, connection density, operating cost, service quality, and range. 

No single network technology optimizes all this and new IoT network technologies will provide CIOs with additional options and flexibility. In particular, they should explore 5G, the next generation of satellites, and backscatter networks.

5. New IoT User Experiences

The IoT experience covers a wide range of technologies and design techniques. IoT User Experience will be based on four factors: new sensors, algorithms, experience architectures, and social awareness. 

With an increasing number of IoT devices that do not have screens and keyboards, UX designers must use new technologies and adopt new perspectives if they want to create a superior UX that reduces friction, user blockages and encourages use and retention.

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