The Internet of Things is one of the most promising technologies in the business space today. It has already proven its power in solving many everyday tasks for companies working in a wide range of spheres. Moreover, thanks to significant advancements made in the hardware and software sectors over the recent years, currently, we can observe significant progress within the IoT industry. Solutions are becoming more and more advanced which allows users to reach an absolutely new level of automatization that was not available even comparatively not long ago.
Given all the benefits that businesses can leverage thanks to the implementation of standalone apps and comprehensive systems powered by the Internet of Things, it is easy to explain why the IoT ecosystem is actively expanding. According to experts, today there are around 15 billion IoT devices worldwide. And it is interesting to mention that in less than 10 years, in 2030, this figure can be doubled.
Of course, to make sure that your custom IoT solution will bring the desired results and that your investments will pay off as it is planned (or even earlier), it is necessary to attentively think about the technical aspect. Even if your idea is absolutely perfect but the realization of your project leaves much to desire, it will be senseless to expect that your app will succeed. That’s why it is crucial to work with highly professional development companies like Cogniteq that will help you to transform all your ideas into real solutions and will ensure outstanding reliability and excellent performance of your software product.
But what capacities and functionality should your application have to meet modern demands? How can you be sure that your solution corresponds to the ongoing market expectations? To answer these questions, it is necessary to have a good understanding of all the ongoing IoT development trends and to bear them in mind at the stage of planning.
In this article, we’d like to mention the major IoT technology trends that can inspire you to create your own unique solution which will be able to solve a wider range of business tasks.
Artificial Intelligence and Machine Learning
Source: vizrt.com
Access to real-time data ensured by IoT is a great tool that your business should definitely use. But it is also crucial to find the right approach to processing and working with this data. And here, AI should enter the game. In general, the Internet of Things and Artificial intelligence can make an excellent duo.
For example, while IoT can track the functioning of different machinery, AI and ML can identify patterns. Based on these patterns, such a solution can also detect any signs of deviating behavior and even the slightest issues in functioning. Thanks to timely sent notifications, managers have the possibility to take the required measures and avoid serious financial losses and downtimes in the future.
AI plays a huge role in increasing the level of personalization of the provided content and user experiences. Here as an example, we can take fitness and healthcare solutions. While IoT is monitoring the physical activity of a person as well as his or her vital parameters, AI can offer personalized dieting or training plans in accordance with the preferences and needs of this user.
Wearables
Source: einfochips.com
The simplest type of wearable devices (fitness bracelets and smart watches) are already massively adopted among a wide audience. However, it is important to understand that modern wearables can offer much more than just counting steps, analyzing the quality of sleep, or notifying users when they receive a message.
Such devices can become important elements of remote health monitoring systems, especially in those cases when patients have chronic diseases. Such devices can continuously gather data related to changes in patient’s vital parameters and if any vital reaches a critical level, doctors and medical staff will be notified and will be able to react properly and save a lot of lives.
Wearables can be also used in the professional sports industry and help to accurately measure the performance of athletes. This data provides coaches with highly valuable insights for further training strategy planning as well as helps to eliminate a lot of injuries. When a wearable device shows that a person is not ready to perform on the field because of extreme fatigue or health state, it’s better for this athlete to have some rest.
VR and AR
Source: stambol.com
The combination of the capacities of VR/AR with IoT is a very successful trend that opens absolutely new opportunities for companies and organizations working in many spheres and business domains. These new opportunities are mainly based on the access of AR and VR devices to real-time sensor information.
In the manufacturing industry, these technologies are applied for creating digital twin simulations which help to work with a virtual plant layout. IoT sensors can collect real-time data from the plant’s facilities in order to compare production lines’ performance with the results demonstrated by digital twins.
AR technologies used in IoT systems for warehouse management can help to locate the position of different items. In healthcare, such tools can be used by doctors for conducting serious surgeries with a high level of precision.
Final word: Other IoT trends
When we are talking about the present and the future of the Internet of Things, it is impossible not to mention such use cases as smart home systems, smart cities, and self-driving cars. All these projects are already well-known to a wide audience and their adoption is actively gaining momentum.
Smart home solutions that help to optimize the use of resources and ensure a high level of protection for people and their properties are continuously developing and becoming more and more affordable for many families. Smart city projects can be rather ambitious and their implementation usually requires serious investments from the side of local authorities. Nevertheless, more and more cities and towns demonstrate their interest in such initiatives.
As for autonomous vehicles, despite the fact that solutions of this kind are being gradually introduced (for example, just recently Elon Musk announced that Tesla will be ready to launch a full self-drive technology by the end of 2024), there are still a lot of disputes regarding the safety of such vehicles and the ethical side of the decisions made by these systems.
As you can see, today IoT is applied across many business domains and has numerous use cases in all of them. And with the ongoing trends in its adoption and development, already in the nearest future, it will demonstrate absolutely new capacities.
