What is IOT?
IOT is the interconnection via the Internet of computing devices embedded in everyday objects, enabling them to send and receive data.
IoT is the concept of connecting any device to the Internet. This includes everything from cell phones, coffee makers, washing machines, headphones, lamps, wearable devices and almost anything else you can think of. This also applies to the components of machines, for example, a jet engine of an airplane.
Emerging Trends in IoT(Internet of Things):
The IoT (Internet of Things) is growing at a significant rate as consumers, businesses, and governments are able to recognize the benefits of connecting devices to the internet.
It is not a surprise that IoT is trending. As humans are getting more dependent on Technology and technology developments. IoT will shape the future of businesses by 2020, not just the businesses but the households.
The reason, why IoT is in trend, is because that it will be the future of the way businesses, governments, and consumers interact with the physical world. IoT is not a thing of future anymore but present and is happening. Smart watch, fitness bracelets to industrial equipment IoT is taking the world by storm.
Increasing Demand for Smart Devices
Due to increasing demand for smart devices like smartwatch, health & fitness band headgear, bodywear, and footwear. In the coming years, we can imagine from the increasing number of devices that IoT is going to rule the market.
Increasing Demand for Voice Based Services
Google Assistant, Google Voice Search lives on devices like smart speakers and gaining enormous fame. An ever-increasing number of devices will open marketers’ eyes to better approaches for interacting with customers. The complexity, broadness, and quality of voice-based services will grow in 2018 with accessible services.
Improving Security through Blockchain
Security is still the weak link in the internet of things, so security remains a prime challenge for IoT. Blockchain will play a vital role in improving security for financial transactions in 2018. Watson IoT Blockchain enables devices to participate in Blockchain transactions as a trusted party. IoT and Blockchain empower more transactions overall because they eliminate centralization.
Big Data, Machine learning, and AI
The amount of processed data will grow, and due to more number of smart devices, we will use IoT much more than we do now. So, we should work with Big Data in order to consider assets that would empower us to process and analyze problems accurately. Here, Machine Learning is the most demonstrated AI innovation that can process data based on predictive analytics, without the need for manual programming and activating real-time tasks in the IoT channel.
In the previous year, Apple and Google released several gadgets to make smart homes. If all those products were in the nascent stage in 2015, you can expect them to become smarter and more efficient by 2020. And this means you get smart home appliances, fitness bands, sprinklers, and garage closers. The way you secure your homes is also becoming smarter where you have remote locks, smart electrical plugs, and home device routing systems.
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