IoT World Today: Why Do We Need to Build IoT Projects?
This article is about the prospects of IoT and why we need to build IoT projects. You may think the reason is new technologies like 5G but that is not the case.
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This article is about the prospects of IoT and why we need to build IoT projects. You may think the reason is new technologies like 5G but that is not the case. After the pandemic of last year, we witness an unprecedented usage of the internet and heavy reliance on network-based applications. Today, in 2021, we can say that consumer behavior has changed and it has changed for good. Consumers start relying on IoT devices and that's why you need to build one today. Here is why.
Technology Diversity Drives IoT Growth
The Covid-19 pandemic drove companies and consumers to become more technology-reliant. No wonder the IoT grew by double-digit. We witness increasing sophistication of the IoT technology and this trend is going to dominate in the upcoming years. In this part, we will talk about some of the challenges and advantages of technology when it comes to IoT.
Expanding Industry Adoption of IoT
You may be wondering why so many industries are rushing to IoT technology. Today IoT is dominating home, automation, maintenance, healthcare, almost any sphere of life. And surprisingly, to build an IoT app is not about a 6-digit figure. You can develop an IoT device at a cost on average between $10,000 and $50,000. So, the cost is a factor for the expanding industry adoption of IoT.
IoT Security Issues
The fruit is not ripe yet and we need to talk about the IoT security issues like access to sensitive data, sabotage, or botnets. Some industries are more vulnerable to security issues than others. For example, a single attack on a manufacturing factory that is heavily reliant on smart technology can render that factory inoperational. Other sectors are industries where confidential customer information is kept.
One thing is clear. Technology is at its early stages of development and there are still security problems. The IoT system still faces a lot of security challenges that need to be taken care of if we want to rely on this type of technology as a key aspect for future applications.
What Makes the Best IoT Programming Language?
|C and C++||
Key OS for the IoT
As you can see, Linux dominates the OS market for gateways. The platform has some important characteristics like reliability, configurability, speed, and low-energy accommodation that make it the best fit for embedded devices. As an open-source system, Linux provides for a high level of transparency and customization for special purposes.
Here is what to consider when selecting an OS.
- Is real-time a requirement?
- What is the memory, the processing capability?
- What are the security requirements?
- What is their power efficiency?
- Does the chosen OS support various platforms?
- What are the communication and networking requirements?
- Is enterprise system interoperability needed?
When you answer these questions at the start, you will avoid costly changes in the implementation process.
Top IoT Cloud Platforms
Why do IoT platforms matter? If you are thinking of building IoT devices, you need a space to send, store, and process all of the information. Why can't you do that locally? Well, the vast amount of information is not practical to store on local hardware anymore. It's costly and not practicable.
This is the reason that the market has witnessed the proliferation of cloud services. Right now Amazon Web Services IoT Platform dominates the market but it's expensive. There are a couple of others, like Google Cloud Platform and Microsoft Azure IoT Hub that can provide high-quality service with portability and memory storage capacities.
The newly released report by Forrester predicts connectivity chaos. To compensate for low connectivity, the report says spending will go to satellite and other low-power options. Forrester predicts 20% more interest next year for these options. The report says much of that interest will go to the healthcare market as consumers are getting comfortable with remote healthcare services after the Covid-19 lockdown behavioral change. Forrester also predicts smart lighting and sensor-based activity monitoring with the rise of smart offices that use IoT.
But that is not the whole story. IoT will conquer the market in maintenance and repair as customers like the convenience of home-calls without the downtime and expensive travel, the report says.
For other Forrester predictions for 2021, click here.
Stimulating Employee Transformation in Health and Safety
A great number of people have turned to remote work and this trend is unlikely to reverse even when the world becomes Covid-free. Once again employers turn to IoT to ensure the health and safety of their employees like in transport and construction to policing and factory work. This relates to anything from alarms to detection devices.
When it comes to IoT devices for health and safety, the benefits go far beyond helping workers at specific tasks. The collected data can also be used to assess future risks and assign tasks that are the safest and most efficient.
Connected Machines to Attract Customers
Let us take one simple example of how connected devices like robots can attract customers. As the pandemic puts strict restrictions on human contacts, IoT is currently deployed to connect offline and online events and plays a role in conferences when participants are virtually transformed to a cloud-based environment.
Through the virtual conference app, attendees can participate in an event, book events, and even communicate with the vendors. As an organizer of such events tells, robots don't get tired or bored of repeating the same information.
And the range of such devices is vast starting from smart inhalers to manage asthma to home repair machines.
Consumer and Employee Location
Let's have a look at how IoT will transform the market location-wise. An inevitable change is that the companies will stop their dependency on specific geographies, teams, and technologies. We already witness companies with headquarters in one end of the world and smaller teams working for them throughout other geographies. This will also enable companies to produce products 24/7 as working hours shift throughout the day cycle.
This relates not only to employee location but to customers, as well. Giants like Amazon and eBay have transformed the way we look at sales and will continue breaking the traditional modes of trading.
What are the lessons to be learned from IoT experience? We slowly build a world with a single economy where purchases are made irrespective of geographic location and 24/7. Meanwhile, we may face connectivity and security issues and there is wide space for advanced technologies that will overpass even 5G. The IoT and AI are there and their capacities can be surprisingly huge. Expect to see the unexpected in the coming few years.
So, why do we need to build IoT projects? Simply because the future is with new technologies like IoT, AI, Augmented Reality, and Virtual Reality.
The world is ready both as a buyer and a seller and new forms of technologies are emerging that are shaping the world in a new way.
Opinions expressed by DZone contributors are their own.