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IoT: Leading Edge for Businesses in 2019

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IoT: Leading Edge for Businesses in 2019

Learn more about the leading use cases for IoT in business.

· IoT Zone ·
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There is a lot of buzz around IoT in the business world. Since the world today is completely dependent on the Internet, it has created a massive global network that allows communication between devices and people. So now, almost every business is connected to one another and communicating via smart devices.

IoT is playing an important role in our lives and serves as an ecosystem that interconnects objects and physical systems to perform tasks intelligently. Consumers demand devices that support IoT, and many organizations are trying to capitalize it. So, it is shaping both the business and consumer worlds.

In this post, we would like to illuminate various IoT trends that are bringing innovation to businesses in 2019. Check out the list below:

1) Cloud IoT Solutions

It is no surprise, now that the 2018 IoT Developer Survey witnessed Azure cloud services and Microsoft's AWS as the best options for cloud development of IoT products. Both cloud service providers have the infrastructure, marketing, and accessibility required by the rapid release of new IoT devices.

Microsoft announced its new Azure IoT Central platform in 2018, enabling secure communication between devices and the cloud. This new service will cover the need for what is essentially a plug-and-play software solution to connect the IoT firmware to the cloud. Microsoft will continue to invest in its IoT infrastructure, pressing its clear support for the future of IoT and the potential it offers.

2) 5G Era — Not So Fast

The 5G era is going to bring lots of opportunities for IoT devices. While mainstream adoption is still a ways away, there are many organizations undertaking this. Thus, they are able to have a strong business plan, along with great reliability and reduced latency.

There are a number of things that are not possible in current 4G networks. Hence, reduced latency will allow connected IoT devices to send and receive data faster than ever, which will allow data analysis and management to work quicker. The list of applications for technology in embedded devices is long.

Any application that requires fast and uncompromised computing in the shortest possible time will generate enormous benefits of the technology. The transport sector will undoubtedly find a rapid integration for 5G-enabled devices, as well as organizations that work in logistics or infrastructure.

3) Empowered by Artificial Intelligence

IoT has become ubiquitous today as it has crossed the number of the human population with its approximately 17B connected devices worldwide. These devices are used to collect data just like computers do but on a large scale.

Empowering IoT in AI brings ample opportunities for data analysis and interpretation. In fact, these devices soon will cover a major portion of the IoT market. Hence, AI and machine learning in IoT devices will bring huge benefits to device security to big data acquisition.

Face and voice recognition is the best example of this, which can be used for biometric authentication in various domains. Big names like Amazon, Google, IBM, and Microsoft are already using AI for their IoT devices. A self-driving car is another great example, which can predict traffic patterns and safely bring its passengers to their respective destinations.

4) Edge Computing to Lead

Edge computing is ready to intervene if there is no cloud computing option for businesses. It is because active connectivity is not a viable solution in all scenarios. Mobile IoT devices, or those that work without enough network integration, need a solution that can handle data processing, analysis, and execution.

The growing demand for intelligent IoT technology has driven the advancement of these programs, highlighting the need for edge computing chips that can take the computing power of the cloud and take it anywhere safely.

For instance, Amazon is already making a compelling case for edge computing solutions, along with its AWS IoT Greengrass service, which gives developers the power to use lambda functions with edge devices. This allows developers to perform machine learning and computation tasks within IoT devices.

5) Rise of Digital Twin Technology and Industrial IoT

IoT plays a major role in the manufacturing industry, making it less risky, more efficient, and more trustworthy. There is a continuous growth in smart manufacturing, which is actually growing exponentially these days due to the techno-industrial IoT revolution. Industrial IoT offers greater efficiency and productivity through the integration and analysis of data in a way that is not possible without an interconnected manufacturing process.

At the same time, digital twin technology is also gaining great popularity. Through its use, organizations can create a clear picture of how their IoT devices interact with the manufacturing process. This allows software developers to understand how the life cycle of their machines works and allows them to predict the changes that may be necessary ahead of time. According to a Gartner survey, 48 percent of intelligent manufacturing adopters have made plans to use the concept of digital twins.

If you deploy this technology in your steel factory, it could prevent the overall downtime and health risks to the human at the same time. It allows engineers to track the number of factor operations and receive data in real time from sources via hands-free devices.

6) Voice-Enabled IoT

Voice-enabled assistant is a driving force for smart business solutions, especially in the industrial sector. This technology uses hands-free control to quickly track processes and reduce maintenance and administration costs. This type of integration with the industrial IoT offers companies an easy-to-use communication method between the devices and their end users.

Solutions for biometric authentication also contribute to the growth of the market, since these voice assistant systems provide a convenient authentication method for secure platforms. As a natural platform for the integration of biometric security, voice-assistant technology is already being used for these applications.

7) Blockchain, WebRTC: Complex IoT Solutions

Combining modern technologies with new business concepts actually works. It is because a successful business helps in reshaping the world of technology. Therefore, it becomes necessary to combine new technologies with your business solutions. Here, we will discuss two complex IoT solutions:

WebRTC

Web real-time communication (WebRTC) is an open-source project that allows the development and implementation of bidirectional communication between IoT products through a simple browser, without the need for add-ons or special tools. It is experiencing widespread use, as it provides features and functions that would, otherwise, require significant development time, effort, and ancillary tools.

Amazon's Alexa and sensor use WebRTC for developing effective communication between the user and the device. These devices make smart home solutions more functional and easy to use, anytime and anywhere.

Blockchain

As per the stats, blockchain is currently being used in more and more IoT devices. About 20 percent of devices have some form of blockchain service integrated into data collection. By using blockchain, potentially unsafe device data can be maintained with a high degree of accuracy. Working as a digital accounting book for recorded information, blockchain distributes this data through the devices connected to the chain, making it impossible to modify the data accidentally or maliciously. Using this method, the data acquired from blockchain IoT devices can be considered reliable and safe.

Logistics and transportation solutions are one of the best examples of IoT integration with blockchain and can be used for real-time delivery tracking.

8) Facing Social, Legal, and Ethical Issues

It will not be long before IoT technologies find themselves in a situation facing both legal and social questions. We are particularly talking about the data collected by IoT devices, as this would fall under the jurisdiction of GDPR(General Data Protection Regulation). As we know, this regulation maintains privacy and handles all personal data, now reaching beyond the EU. Hence, it is important for all businesses to comply with the guidelines if they want to successfully operate within the EU.

To comply with regulations, IoT developers need to put a serious concern on these questions while developing any new product. They must ensure compliance on each level of security, including verification, data encryption, or any other mechanism. This will give customer privacy and clear intentions for collected data, giving buyers more confidence in purchasing IoT devices.

9) LPWAN for IoT Sensors

LPWAN (low power wide area network), with new advancements, is offering more functionality to IoT devices. The wide effective range of LPWAN and extremely low power consumption makes it an ideal solution for small devices that need a longer lifetime in remote locations.

Any device that can work with the low LPWAN transmission rate, such as small sensors, does successful integration with LPWAN connectivity. The devices connected in this way are projected to reach more than one billion by 2023.

Top 5 Real-World Examples of IoT

  • Amazon Go
  • Smart home solutions
  • Driverless cars
  • Wearables
  • Smart hotel rooms

Conclusion

So far, we have seen the major IoT trends for businesses in 2019. IoT development will continue to connect businesses globally, enabling widespread visibility, proactive replenishment, and predictive maintenance.

With the IoT, data-driven decision making will become a standard in all industries and in our daily lives. If you know more of these trends, then you are free to suggest them in the comments section below!

Topics:
internet of things for business ,IoT ,IIoT ,WebRTC ,blockchain ,ai ,sensors ,voice-enabled ,LPwan ,edge

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