IoT in 2020: 10 Things You Need To Know
Blog: NASSCOM Official Blog
Given how fast IoT has changed our lives, will it go beyond home appliances and home help?
IoT trends are emerging rapidly, and the top ten predictions for IoT to dominate in 2020 are:
- Securing IoT is a priority
Next year, the IoT security system will be improved. This need arises from the complexity of the diverse nature of the IoT. The number of IoT devices is over 26 billion and is expected to rise. Because IoT devices, IoT networks, and IoT app development will become widespread in the future, measures to control them will be implemented.
- The emergence of smart cities
Smart cities will appear in 2020. Projects of smart cities are nearing completion, and many cities in the United States are using IoT devices for connecting parking metrics, traffic lights, and utilities. The idea of a smart city is spreading all over the world. Smart cities focus on comfortable living while improving the economic, environmental and social aspects of urban life.
- AI and data collection
Experts believe that IoT app development will be transforming interconnected IoT- devices into both personal and organizational decision aides. With billions of devices connected to the cloud, the IoT serves as a data aggregator that helps anyone add data to the database.
- Internet adoption of things in medicine
In the medical industry, the adoption of IoT devices will increase. It is expected that IoT will grow at a compound annual growth rate of 26.2% and could reach $ 72,000 million by 2021.
Mobile devices, medical devices, sensors, health screens, and various other medical devices will be created by IoT app Development Company to communicate with the Internet of Things. Virtual assistants and mobile health apps allow professionals and families to monitor patients’ health at home. There are wearable smart devices and implants that send patient parameters, and even smart cars that monitor vital signs of patients while traveling.
- Increase the Internet of Things in the Manufacturing Industry
Thanks to the Internet of Things, administrators can get help directly from machine problems right from the start with sensors. Sensors are useful for people in charge of preventative maintenance processes. This allows you to identify the problem before sending a technician to find the problem.
The Internet of Things has found its way into a smart factory. IoT and wearable tools connect the factory floor to management, and employees have a clear view of the factory status and safety. IoT application development services help improve safety and time management. Managers can supervise and check employee productivity and behaviour through Xnspy, which records digital activity.
- Integrate with Big Data
The Internet of Things and Big Data are different concepts, but they are interrelated. The amount of data that needs to be processed and analyzed is significantly increased by the billions of devices connected to consumers and consumer devices. The goal is to generate as much information as possible from the data that can be processed.
- Create a smart shop
Smart stores are equipped with radio frequency signals. Using RFID makes inventory management easy and fun. You can also use the Internet of Things to see how much time visitors spend in your store. Use smart lighting to record customer movements and product interactions. With these systems, data can be collected and used to optimize store inventory and make custom product adjustments.
- Other industries are seeing the Internet of Things
Experts think that the Internet of Things targeted for consumers in the next few years will suffer a jolt slowing down funding for growth. Organizations rely more on industrial IoT development companies to design new infrastructure.
Next year, we can expect the agriculture, health, insurance, communications and transportation industries to integrate IoT with new technologies and strategies.
- Use blockchain to distribute work
If you register a split book system that allows data transfer between two sides, the blockchain is securely encrypted.
Traditional IoT systems have a centralized structure, the use of analytics and information sent from the device to the cloud and then back to the device. Most IoT tools work on a central network. Users are exposed to cyber threats as the current state does not guarantee flexibility because there are billions of devices on IoT. There is a risk of potential vulnerability to exposure through a centralized structure.
- Increase the number of devices on the Internet of Things
Close to 20.4 billion IoT devices will be present by 2020. IoT mobile app development is already very popular and used to manage everything from scheduling to power management and home security. If you want to calculate all the devices that integrate or participate in the Internet in some way, you can expect 50 billion devices by 2020.
Final Thoughts
The Internet of Things is just starting to mature and become a full-fledged business in the coming years. You need to know that the development of the Internet of Things is not happening overnight. We are ashamed of the months of 2020. Moreover, you must be prepared to adopt this technology in the best possible way.
The Internet of Things is evolving rapidly and we cannot underestimate next year’s development. Whether you run a small business or a company with 700 employees, the Internet of Things finds the way to your business. Please prepare!
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IoT has been the most implemented Industry 4.0 solution in modern-day manufacturing companies. Especially, reports claim companies that have implemented IoT solutions are performing staggeringly well even during the COVID-19 scenario.