Top 5 Internet of Things Predictions that will Shape 2021
Internet of Things (IoT) is the concept of sharing, accumulating, analyzing and processing data across various devices.
The world is becoming immensely connected! Parallel to social media connections, the world is raging with technological connectivity. From the inception of Amazon’s Alexa to the conjecture of smart cities, the Internet-of-Things (IoT) is exceptionally consolidating the industry.
Internet of Things (IoT) is the concept of sharing, accumulating, analyzing, and processing data, across various devices. Despite the on-going pandemic, this technology has significantly accelerated the pace of innovation. The report indicates that by 2025, the world will witness the use of more than 75 billion IoT connected devices. Additionally, the global IoT spending is expected to reach US$1.1 trillion. The global market for IoT end-user solutions is expected to grow from US$2.1 billion in 2019 to US$ 1.6 trillion by 2025.
With such extensive investment, the forthcoming year will witness an era of hyperconnectivity. Henceforth, it is imperative to know the IoT predictions that have the potential to shape the year 2021.
Increased Adoption of IoT across different sectors
Owing to the COVID 19 pandemic, different sectors have promptly taken initiatives to address the challenge of connectivity. From business enterprises to healthcare institutes, the incorporation of IoT devices has spiked. For example, many healthcare institutes are now leveraging monitoring devices enabled with IoT sensors to treat patients having non-communicable diseases. Similarly, following the climate crisis, countries have flagged off initiatives to monitor the air quality across cities using IoT enabled sensors. With no certainty of relief from the ongoing pandemic, IoT devices will promote innovation in the year 2021.
The convergence of Edge Computing in IoT
IoT devices generate a massive amount of data, which gets processed and stored across various cloud networks. With an increase in the incidents of cyberattacks, organizations are utilizing edge computing as an option, to process data closer to the source. As the security challenges will be a major factor that organizations would lookout in the coming year, the integration of edge computing dominates the prediction outlook of IoT in the coming year.
Imbibing IoT into Local Analytics
The coronavirus pandemic has escalated the use of local analytics (LA) across every sector. From contact tracing apps to understanding customer behavior, local analytics is playing a significant role to continue operations during the crisis. Since there is no scope of relief from COVID-19 even next year, the use of local analytics in IoT has expounded.
Boosting Predictive Maintenance
The norm of remote working will continue in the year 2021, as well. This implies that organizations will have to be dependent on disruptive technologies to monitor on-premises activity. And IoT will be the major tool facilitating and addressing this challenge. With the help of IoT, the organizations can conduct predictive analysis of on-premise infrastructure, detect barriers, and deploy solutions. IoT will also help in addressing the challenges of connectivity across different departments and institutes.
IoT integrated with Autonomous Vehicles
Despite so many barriers this year, the incorporation of IoT in autonomous vehicles and smart cities has thrived innovation. As the global automobile market usher investments across e-vehicles and autonomous vehicles, concentrating on enhanced customer experience, IoT will play a significant role in driving this change.