Internet of Things is one of the most talked out technologies in recent time. The popularity and implementation of IoT in nearly 4 or 5 years now have turned out as a sorted out trend. These technologies have changed the way we look at the world and the way we communicate. Connecting so many things directly to our mobile or any other smart device and operating it with the help of cloud support is something that we have to implement and deploy for useful results.
As per one of the Gartner Research projects, the number of connected things has been increased to 14.2 billion in 2019, and it will go up to 25 billion by the year 2021. Nearly 127 new IoT devices are connected to the internet every day and aren’t this something that you have to know about this technology used in your business.
According to the report of statista.com, the total installed base of the Internet of Things (IoT) connected devices is projected to amount to 75.44 billion worldwide by 2025, a fivefold increase in ten years.
This is how swiftly the IoT technology is improving and continuously evolving. There are so many things about this technology that are making a more significant impact on different industries and corporate sectors with time. As technology is enhancing, it is making so many things simpler, more straightforward, and easier in diverse marketplaces.
In this blog post, we will explore and check out such exciting and interesting IoT trends that you have to watch out for in the year 2020.
There is no denial in saying that data security is an Achilles heel in IoT technology. Internet of things majorly revolves around only one thing, and that is data. The data is sent from one device to another; it is stored, analyzed, and observed. Despite being a very important factor to manage, there is no proper security for the data in IoT.
But current IoT trends are indicating that this thing is going to change. The researchers and developers are trying a lot in order to provide proper data security for the IoT and by the IoT too. Yes, if everything goes well, this IoT technology will also help with the data management too. This is going to be a massive and innovative trend in the IoT world.
There are so many organizations out there that are already using the blockchain technology to provide security for their IoT devices. This indeed is welcoming. A new and decentralized system is being built, which is going to be a remarkable industrial IoT trend in 2020. The IoT technology and usage of blockchain for security is going to bring in some major and impactful changes in the industry. They indeed are something to watch out for in 2020.
Internet of Things is not only about changing our lifestyle and making it easy, but it also concentrates mainly on the data part too. Everything that we say to IoT or converse with the help of it is stored in the form of big chunks of data. The Big Data is a platform which will store all the data and support huge demands for large scale storage. It also helps in performing the required investigations which will help in extracting all the advantages of IoT.
Although there is a cloud for storing space, it may misbehave without proper support and storing huge amounts of data isn’t easy either. This is the rationale why it has become imperative for IoT to work along with the Big Data and use it for storing up all the data that it collects.
Another important thing that we have to consider here is the analysis of data. All the data that one collects with the help of IoT and various other technologies must be analyzed, and this is where you will observe the biggest industrial IoT trends 2020. AI will merge with IoT to provide even simpler and better analytics for the users. This is something that will change the way we are living now. Machine learning artificial intelligence technology, along with IoT, can completely influence the way we communicate and create a greater impact on this world.
IoT is nothing but a technology that encourages communication between devices with the help of the internet. In this communication process, there is a need for storing the data, and IoT takes help of both Big Data and cloud computing. While the Big Data is good at storing large chunks of data, cloud computing ensures that the data is sent and received on time.
The data that we share with this Internet of Things can be hacked, violated, or sold for any other person. Hence, the organizations started using cloud computing as a way to store data securely. Without any doubt, we can say that this cloud computing will be one of the best current IoT trends that you have to watch out for in 2020.
As discussed above, security has always been an important concern in IoT, and there is no denial in that. The mass adaptations of IoT and scalability issues have made it even tougher for IoT. Internet of Things (IoT) is chiefly all about data, and there are high chances when this data is misused by the users. There are so many instances where the data has been sold.
The one reason for this misuse of data is the centralized system. As many employees and people have access to your data, any one of them can sell it or misuse it as they want. This is the key and the main reason why most of the people are concerned with getting it either in their domestic or commercial places.
This is the motive why it has become important to focus on the blockchain as the backend technology for this IoT. Blockchain is a decentralized platform where no one will be able to access the data until and unless they have the required keys and user permission to access. Using this technology in IoT can tighten the security for the data that we provide for the devices which will, in turn, increase its usage in our daily life. This is one of the emerging trends in IoT, which will increase its usage among the people and expands its reach for the users at the same time.
The consumers will have complete control over their data, and they can choose with whom they want to share it and with whom they don’t.
Using of IoT technology in homes has become a fantasy for so many people out there. Owning a smart home where everything happens with just a word of yours is something that almost every one of us is looking out for, and this dream can become true pretty soon. It is one of the latest trends in IoT 2020.
A time will come where devices will start telling people where to look for a thing and what to do rather than people telling the devices. The world is going to change at a rapid pace now erasing all the boundaries. The security and other fragmentation issues are influencing the growth of this technology in domestic applications. This is the reason why we will observe steady growth rather than an explosive one with a huge market for IoT devices.
Almost every business these days is running with the help of CRMs. It has become an easy way for organizations to reach out to the customers. IoT can change the way we are using this CRM and make it even more interesting with time. The automation of customer’s data and their requirements will be made easy with these IoT Devices for the CRM management.
For example, let us assume that a customer is having an issue with any product or service that a company is offering. Even before the customer reports it to the organization, the IoT will send all the required information and reason behind that problem. This makes it trouble-free for the company to solve the issue in a very short time, which is a great addition for their sales. There are so many CRM platforms that can be integrated with the IoT technology in the market.
One main issue that we see in IoT is it adds up the devices behind a firewall network. Securing the normal devices from any kind of malware is easy as we use the firewall and other things, but securing the IoT devices is not an easy task. There is a need for high-end security in all the sections of the IoT connection.
The main aspect where IoT excels is the data processing capabilities which help with analyzing the information. Faster performing and processing goes a long way, and there is no denying in that. Edge computing is one of the easier and faster ways to speed up the processing of information.
While the developers are already using cloud computing, they can also start using Edge computing for better processing features. It can be estimated that both Edge computing and cloud computing can be used for better processing of the information.
Who wouldn’t love personalized experiences right! IoT is going to transform the retail experience and make it more personalized for the shoppers. According to IoT trends 2020, this personalized experience is something that you have to look out for. The Internet of Things devices will take up the data while you are shopping, and this data is used to provide you with a unique and personalized experience.
Any discount in your favorite shop or any other interesting offer out there will keep you interested and hooked up for the things. The IoT technology will make this your entire shopping experience better and interesting too.
Related Article:- Automotive Industry Trends 2020
There are a couple of cities globally that have completely turned out to be smart cities. Government is incorporating sensors and other kinds of technologies for automating many processes in smart cities. Now, with IoT, these smart cities will become a part of our mainstream. Every city will have these devices installed, and the government will use this technology to the fullest to provide better service for users. The smart cities will become smarter by using IoT.
The best thing about these IoT devices is that they provide easier and cost-effective services. They save up a lot of time, money, and effort for organizations and government agencies who are using it. This latest and emerging IoT trends this year will help in shaping up the smarter world with so many other significant advantages and benefits.
We at Technostacks Infotech , has years of experience in creating IoT apps and If you want to integrate IoT technology in your business or something related? then you can inquire us, mail to firstname.lastname@example.org, or call +91 990 901 2616.
In recent years, the transportation industry has turned out to be a 2nd largest segment investing in advanced technologies like the Internet of Things (IoT). As per estimations around $78 billion has been spent so far, and further money will be invested in transportation domains. Hence, huge investments will transform the ways we see public transportation, logistics, geo-fencing, vehicle health, and fleet management in the coming time. So the question arises, how will IoT affect and influence the transportation industry? Read on for some IoT use cases in the transportation industry.
Real-time fleet management is something that many business leaders look for because it would help in making real-time business decisions and reap greater benefits. Some of the features that IoT provides for fleet management are GPS tracking, customized dashboards, and geo-fencing.
With GPS tracking, you can monitor and manage all assets, which will help improve safety and security. You will also be able to reply your vehicle’s route history, so you know exactly which driver has driven which vehicle. One can also track where it has traveled, and all of its rest stops. So, you will be able to relocate unused assets and improve your return on investment.
Many believe that public transportation is not as precise or as safe as it can be. This is one of the key things that can be helped by developing IoT in travel and transportation. As discussed in fleet management, it is possible to track which vehicle is where and what time it is scheduled to arrive. Also, it monitors how late it is running with the help of the internet of things public transportation.
Internet of things public transportation has also enabled re-routing features. So that if a vehicle cannot reach a place at the designated time, then people can make alternate arrangements. All in all, IoT in travel and transportation has not just made it safer, but also faster.
The impact of the IoT on transportation has allowed operations and logistics managers to receive information across the warehouse, distribution, and production center. Smart inventory management directly reduces the cost of inventory, improves predictive maintenance, reduces management errors providing sufficient data through IoT sensors and systems.
Maps often show the shorter route, but would you know if a route has been closed off due to some construction work or perhaps road repair? The impact of the IoT on transportation helps provide real-time updates on such issues. Not only that, but it also provides real-time traffic updates by integrating with the GPS system, which helps you deliver goods faster or reach your destination sooner.
IoT in transportation will also help to maintain the health of the vehicle, and this will happen with the help of onboard diagnostic ports (OBDs) that have been installed in cars. The better you can maintain your vehicle, the longer it can serve you. The world is moving towards autonomous vehicles, which makes maintaining vehicles all the more difficult.
By utilizing the IoT technology, you can monitor the vehicle’s health. Inspections can be scheduled in real-time whenever a problem occurs. So that the vehicle is not running when it is not in its best condition because that would lead to further damages.
If the problem occurs during transit, then alerts can be sent to the driver as well as the owners to ensure that no more issues occur. The driver could stop and seek help or at least take the vehicle to the nearest repair shop.
Geofencing can help determine if the vehicle is going off the designated route. A geofence is a virtual perimeter that can be configured for a real geographical area. For example, a geofence can be configured to prompt mobile notifications if a vehicle is entering an unauthorized area. It can also help trigger targeted messages, advertisements, disable certain technology, etc.
Geofencing can be used for smart inventory management, internet of things public transportation, securing some geographical areas from the general public.
IoT in transportation vehicles collect a ton of data and transmit them to centralized systems for greater analysis. IoT can definitely tell you, in real-time, when something has gone wrong with the vehicle. It can provide mobile alerts and notifications, as mentioned above.
But that’s not all! With the information that the IoT in transportation devices transmits, it is possible to predict the problem before it even occurs!
This helps companies and corporations develop effective business strategies, make smarter decisions, and manage risk better.
It is envisioned that self-driving vehicles will develop into a norm in the near future. Many metros are already self-driving. With IoT in transportation, it becomes easier to track these vehicles, monitor their health and make public transportation easier. Further it reduces the overall traffic; minimize accidents, use geo-fencing to make sure that these vehicles know where they are going and much more. All of these features already exist; it is only a matter of time before they are adapted for cars, buses and trucks.
In the logistics industry, it is a commonly known fact that drones have the highest potential to improve speed and efficiency. With business process automation, drones can help in smart inventory tracking, and transport goods faster and definitely solve last-mile delivery problems. Gartner estimates that the drone market would reach $11.2bn by 2020.
One not-so-talked about the application of IoT in transportation is the transformation of vehicle ownership. According to a study, car ownership is predicted to decrease by 80% before 2030. Consumers prefer using ride-sharing platforms such as Uber and Lyft. Mercedes parent company has partnered with Car2Go so that users can unlock vehicles and drive them within certain boundaries. This is not possible without the use of geofencing and vehicle tracking with the help of IoT in transportation.
Many business owners can benefit from IoT in transportation, especially if their business model requires logistics and inventory management. All it requires is the development of a mobile application that is integrated with the GPS tracking system.
The mobile application would be configured to provide features such as geofencing and message alert systems. An IoT mobile application development company can be hired to develop and integrate this app to help make better business decisions. It is the best way to beat the competition and make future proof decisions!
At Technostacks, we deliver dynamic and scalable IoT solutions with pioneering business models that lend a hand in boosting business productivity as well as brings in operational supremacy.
If you want to integrate IoT in your transportation business then you can inquire us or mail to email@example.com. We will give you the best assistance of IoT use cases for your transportation business.
Not tech-savvy but want to choose an IoT application development company to build an app for your business? There is no cause for panic. Here’s the go-to guide for choosing the right Internet of Things development Company.
Any device that can connect wirelessly to a network and has the ability to transmit data is called an IoT device. Laptops and mobile phones are common IoT devices. Other examples include IoT coffee machines, connected cars, home automation systems, CCTV cameras, and much more to follow. So, does IoT make your life easier? You bet!
Your customers will be able to connect to your business in new and improved ways with an IoT application. Not only will it better customer experience, but it will also provide insights on upgrades you can make. Perhaps even pave the way to new business ideas. So, how do you choose the right IoT application development company?
If proper planning and research activities are not carried out, developing an IoT app can turn hectic and in fact harm your business in the long run. There are quite a few mobile app development companies that are credible, but here are some tips for finding the right IoT partner.
The first step is to determine what you would like to achieve out of the IoT mobile application. This stage is essential because the Internet of Things development company you hire will require you to provide them with a list of objectives. These lists will help them design the app and specify its functionalities. The goal of the IoT app should not be to just support business goals but to also improve efficiency. Hence, start by creating a list of all the things you would like to achieve through this application.
Research, research, and do some more research. There are many IoT-based mobile app development companies available that are known for their reputed services. However, they might not be the correct fit for you. Research on the full range of services they provide. Choose a business that is willing to sit down with you and completely work with your authorized personnel to bring the application to the finish line.
Also, make sure to complete a background check about the reputation of the company through various clients. You can also check the company’s online presence, both through its website and through professional network sites such as LinkedIn.
When choosing the right IoT development services for your company, consider experience and expertise. Does the company have certified app developers? How much is their collective and individual experience? Have they worked on a business that is similar to yours?
Do consider if the company provides IoT development services exclusively or if it is also known for other technical services. Sometimes, your mobile application may require integration with other forms of technology and this would require expertise in other forms of technology. You wouldn’t want to hire another 3rd party service provider for the same. Hence, it is advisable to choose a company that has other forms of technical services as well.
It the IoT application development is successful; it is possible that the prospective developer can become a long term business partner. Hence, prioritize experience and expertise over other factors.
Every business works with its own methodology. Some of the companies rely on Scrum, while others prefer the Agile methodology. As the business owner, you can request the service provider to follow your preferred implementation method.
What’s important is that it doesn’t matter which method your prospective Internet of Things development company follows. It is essential that you are informed every step of the way which brings us to the next step.
Work with the IoT development services provider to create a communication protocol before beginning the project. Ensure that you are informed of every developmental stage and that you provide a point of contact for emergencies. Also, be clear in all your requirements so that there is no confusion once the project has begun.
Cost is another essential factor that can determine which mobile app development company to choose. Your budget for this project should include the cost of the development, maintenance, support and updates. Once you have charted out the detailed budget sheet, you can start looking for companies that fall within that range.
In case you have a low budget, cross out specifications that are unnecessary in the mobile application as of now. These can be incorporated later on. However, make sure that you let the developer know that there should be a provision for adding new features as your business progresses.
You can start by rolling out an RFP which provides details of your business and the essentials of the project for which you are looking to create an IoT-based mobile application. You need to collaborate for defining the scope of work, deliverables, and a series of questions on whether your prospective developer can provide a specific range of services. Send the RFP to the shortlisted mobile app development companies, look at their responses, and then request for a quote.
We hope this blog provides you with sufficient tips to find the right IoT partner. If you are looking for IoT services that can drive business transformations, then hire Technostacks which is a top
mobile app development company in India. We have successfully delivered comprehensive IoT development solutions for different industries such as transportation, healthcare, retail, manufacturing and many other sub domains. If you still have queries or questions, feel free to call +919909012616, mail to firstname.lastname@example.org or inquiry us.
The Internet of Things (IoT), which was once positioned as a niche technology for startups, is today a go-to technology for enterprises who desire to transform their future business. IoT has already altered the way both professionals work and common people live. However, there is a great deal ahead to explore on this scope. The global IoT market is predicted to be value $1.7 T at the end of 2019 and has a further perspective to generate $4 T to $11 T in financial benefit by the year 2025.
The key returns driver for 54 percent of enterprise IoT projects is savings on costs, and others include enhancements in productivity as well as on the whole work safety. It further lends a hand to understand consumer behavior and perk up their experiences. There are a number of ways in which IoT can benefit businesses. Here are the ways that IoT technologies could benefit your business, starting from customer services and experiences.
The sound customer service is a critical factor in making sure the profitability of any business. Advanced IoT technologies such as smart trackers and mobile card readers are used to enhance customer experiences. The mobile card readers can connect to smartphones to handle transactions smoothly, and smart trackers enable consumers to monitor their products, improving satisfaction levels.
Today, many enterprise companies utilize hyper-local advertising and couponing to provide customers a superior experience and meet their target requirements with IoT in business. IoT solutions can even be gripped by utility service providers to find issues and solve them with the use of smart meters and other smart grid technologies.
IoT opens the way to new business and revenue opportunities. It assists companies to benefit from modernized business models and solutions. IoT-driven modernization helps in creating powerful use cases, diminish time to market and amplify return on investments. IoT has the future to convert the ways businesses come within reach of the global audience by leveraging the scope of the IoT a step further to connectivity with IoT benefits for consumers.
The pursuit will be on to create the highly secure IoT solutions which have become a crucial step towards the revolution of most businesses. Industry specialists are focusing on managing the key security concerns around IoT related business solutions to boost the widespread adoption of this technology.
IoT devices can facilitate employers to make sure workforce safety and improve workplace security. Using embedded wearables and sensors, employees in high-risk settings like heavy industries, mining, and real-estate or construction can be constantly tracked and alerted against dangers. SMEs can make utilization of associated video surveillance cameras and smart locks to supervise office premises at all times and make sure the shield of significant assets.
Increasing productivity and competence is a direct way businesses can make sure profitability. IoT devices can be of assistance to manufacturing business sectors to precisely assess demands and resourcefully manage a variety of production stages by enabling real-time tracking of machinery parts and in-hand raw materials.
On the other hand, companies can also gather workforce data to measure their high productive time to arrange essential tasks and meetings. Smart devices can also get better with IoT in organizations enlightening their staff about approaching technical problems and having arranged remote troubleshooting in advance. They can even enable and automate day-to-day routine tasks like setting-up tea or coffee makers on timers to increase company-based process effectiveness.
Analyzing customer preferences and behavior is significant for the success of any industry or business. With IoT benefits in retail companies, it empowers them to fetch, track, monitor, and analyze data gathered from the internet, video surveillance, social media, and mobile usage. This scenario allocates needed insights to predict consumer preferences and upcoming business trends so that companies can consequently design products and offer personalized services for healthier engagement levels. With admittance to in-depth customer profiles, companies will be able to keep hold of their target consumers and cultivate brand loyalty.
Added advantages of IoT solutions can assist companies in cutting costs and sustaining business operations in a better way. These scenarios can be achieved when companies are constantly connected with an utmost number of smart devices through the internet so that IoT can back businesses to act smarter with instant operational insights while dipping the associated operating costs.
In manufacturing industries, IoT devices can be used to track equipment and reduce downtime by foreseeing future failures or probable errors on the in hand production line. Businesses can even save on overall energy expenditures and recover electrical efficiency by utilizing IoT solutions. Additionally, smart building systems can track, monitor and be in command of redundant usage of electrical systems.
Data is turning as the most effective weapon of different industries. Taking the instance of the automotive industry, it is prolonging more and more to take up IoT technologies to enable vehicles to impeccably collect and track data to interact with smart city solution. With these efforts, the automotive sector is transforming further in the direction of data-driven business models.
We can even observe the swing exclusively with OEMs (original equipment manufacturers) that are putting in momentous amounts of money in pioneering startups to analyze and apply data with IoT in different business segments.
Across all the industries, smart devices have turned resolutely more accepted. There will be a further rise in smart device applications in an extensive range of business areas supported by IoT including sectors such as healthcare, transportation, entertainment, hospitality, and education.
In the near future, IoT solutions are equipped to make consistent impacts in the domain of each and every business. With watchful tactics and strategies, adoption of IoT solutions can bring in better profitability and benefits for businesses.
IoT has reached the top of demanded expectations with reference to other emerging technologies. Even though IoT can deliver great prospective value, companies are needed to prevail over some noteworthy challenges like data and information management problems, lack of interlinked technologies and privacy concerns.
We will observe an increase in competition from big industry giants, which will include the list of AWS, Microsoft, and Google. They will dominate the market with large IoT platforms becoming the norm. These immense players will get hold of a bulky portion of the market and will go on with a boost in their footprint organization groups to scale the related technologies. While full-size IoT platforms will clash for market share, we will spot small and medium-sized players meeting up on niche as well as positioned areas to survive.
Above were the IoT benefits for businesses. The best way to move forward with IoT technologies, solutions and services is to hire a proficient IoT service provider. The hired company can enable you to enjoy the benefits of IoT services and can even overcome the challenges, thereby boosting your return on investment.
We at Technostacks, offer powerful IoT solutions with ground-breaking business models that help in progressing productivity and operational superiority while accomplishing high-efficiency business value.
Technostacks, reputed IT Company in India, has successfully carved its niche within a few years of its inception….