‘Internet of Things’ is actively shaping both the business and consumer worlds, and it is going to be a tough year for innovation departments of modern enterprises to keep up with the rapid shifting approach of business towards IoT. Internet is the ideal platform for innovation such as smart tech, and it is paving its way in every business domain from retail to healthcare and from logistics to finances.
In simple words, Internet of things is the extension of internet connectivity into physical, smart devices and everyday objects. These devices can communicate and interact with others over the internet, and enables to access control over electronics, internet connectivity, and other forms of hardware. Moreover, IoT devices includes wireless sensors, actuators, and software and computer devices. These devise have to be attached to a particular object that operates through internet, enabling data transfer among objects and people automatically without human intervention. Here are 5 IoT trends that will inspire your business with tech driven innovations
IoT to be empowered by Artificial Intelligence
Application of IoT in businesses and industries is spreading as fast as a forest fire. Currently, there are over 17B connected devices worldwide, and the vast majority of these devices are working off a small processor and a thimble of memory. IoT is very similar to computers, these devices can collect and manage data. However, if IoT is coupled with AI, it will be able to do things on a scale that has never been seen before. The widespread use of these devices is likely to create unique opportunities for data interpretation and analysis. Companies like Amazon, Microsoft, Google and IBM are developing devices based on AI and IoT. Moreover, these devices will soon comprise the majority of the IoT market.
Growing Application of Cloud IoT Solutions
Cloud IoT solution devices are also witnessing a rise in popularity, it is not surprising that 2018’s best IoT developers were Amazon’s AWS and Microsoft’s Azure cloud services. Moreover, these two cloud service providers have the best infrastructure, marketing strategy, accessibility and have the fastest releases of new IoT devices. For instance, Microsoft has already announced its new Azure IoT central platform in 2018, this platform will allow secure communication between devices and the cloud.
Go Into Details: IoT will Change the Business Approach
