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As IoT solutions expand globally, new technological trends like AI, 5G, blockchain, cloud computing, etc. will play a vital role in advancing global connectivity and the internet of things.
FREMONT, CA: IoT technology is transforming various industries by storing and processing data distributed and accelerating productivity. With interconnected devices that can communicate with each other, IoT-based intelligent devices are capable of gathering, transmitting, and analysing information and taking action accordingly.
The extended benefits of the IoT have contributed to an enormous growth of the IoT in recent years. With these increased use cases, numerous trends are emerging, primarily driven by technologies like artificial intelligence, 5G, edge AI, blockchain, and edge computing.
Concerning an extensive level of connectivity, security has always been a significant concern. There have been instances where a security supplier discovered over 100 million attacks on IoT endpoints during the first half of 2019, which indicates the ongoing threat to unprotected connected devices. Therefore, security has become an evolving IoT trend, and many firms across the globe are developing IoT security solutions using various technologies.
IoT Powered by 5G Technology
5G technology is more than a new generation of a wireless technology concept, which emphasises releasing the full potential of IoT, thereby revolutionising technological growth. Without any doubt, reliable connectivity will lead to better-performing IoT devices, making it the most significant internet of things emerging technology recently. 5G will offer benefits such as real-time processing, lower latency, higher transmission speed, network slicing, and extensive coverage.
The increased adoption of blockchain technology is another recent IoT trend which ensures data protection in IoT devices. It also enables optimised interaction between multiple network nodes. It helps in safe record keeping, which translates to the blockchain as a great fit for IoT applications as they are also distributed by nature.
IoT-Enabled AI Applications
Both the internet of things and artificial intelligence technologies together offer commercial solutions. AI algorithms require less data to deliver excellent and effective results. Embracing these two technologies by IoT development services enables industries to automate many processes, minimise downtime and operating costs, increase efficiency, and offer predictive maintenance.
A digital twin is a virtual representation that acts as a physical object or process’ real-time digital counterpart. It can be used for a myriad of purposes, such as monitoring, diagnosing, optimising, and controlling asset performance and utilisation. The annual growth rate of the digital twin market is anticipated to increase to 35.8 billion USD by 2025.
Voice-Activated IoT Devices
Many recent virtual assistants introduced by various companies have taken voice-based user interfaces to a new level. These voice interactions will be further used in different applications across various industries that enable them to change settings, give commands, and receive results from smart devices. FinTech startups and banks are the earliest adopters of these voice and speech recognition technologies.
Voice biometry is yet another crucial development in voice recognition technology. By analysing a series of characteristics such as tone, pitch, intensity, dynamics, dominant frequencies, and other features, voice biometry allows organisations to develop a digital profile of a person’s voice. Businesses are sure that this procedure will be safer than the existing methods.
The emerging technologies in IoT are paving the way for developing smart cities. Currently, many governmental institutions have begun IoT technology projects that will have a huge impact on entire cities. Governments will be able to execute various intelligent solutions for a myriad of issues such as traffic congestion, citizen safety, sustainable development, energy utilisation, etc. For instance, some countries are amassing, analysing, and sharing data from connected devices to enhance public safety, urban planning, and transportation.
Due to the impact of the pandemic, edge computing is expected to augment radically in the near future, aiding novel businesses to emerge. The fact that major retailers are developing edge solutions with cloud-like features might allow end-of-life marketers to hold and keep a sizable share of the public cloud market. Edge computing enables businesses to serve clients in new locations and to maintain flexibility and control in a workforce that is expanding.
Traffic and blockages are major torments that cause individuals to spend more energy and time on the road. Long journeys reduce economic productivity in metropolitan areas worldwide, making traffic jams a critical concern. Current IoT trends suggest IoT technology is an appropriate solution for this challenge. Several organisations are offering arrangements that utilise IoT-installed technology in vehicles and traffic systems to modify more smart traffic networks, resulting in alleviating unnecessary traffic congestion.
Entrepreneurs, business professionals, and governments are utilising IoT to increase work efficiency, save money, and build a better user experience. Although top IoT technologies are still in their early stages of progression in many applications, their impact on industries is tremendous.