How far has IoT advanced in 2020?

Technology is evolving into new dimensions these days and it is making man’s life more smooth and less complicated. The Internet of Things(IoT) is one such invention that has helped technology and mankind strive swiftly the way they live & communicate.  With new advancements, even a minute electronic device can be automated. The internet is controlling electronic gadgets around us for better healthcare, communication, transportation, technology, and livelihood. IoT promises a way to reduce wastes, costs, and inconvenience while increasing efficiency, the biggest appeal of this technology trend is for us to lead environmentally cleaner, productive, and a better quality of life. The Internet-of-Things technology is constantly evolving, and therefore IoT trends are something that always needs to be looked out for and kept pace with.

1. The Power of Connectivity and IoT’s Growth

With the internet of things gaining popularity these days, the IoT networks between these connected devices are increasing and hence the data strength and range between this connection also needs to be increased. The more data an organization or business gets from users’ connected devices, the more likely they are to deliver personalized experiences to their customers, satisfy their needs, and predict their behaviours. Not only the human connection but also universally connected devices are a factor that can make a difference in our everyday experiences. The co-mingling of these two matters is thus generating a connected smart world.

Due to the immense possibilities, the advancing technology focusses, the Internet-of-Things applications are now being tested within an increasing number of verticals. Various industries and organizations are able to enhance the user experience and improve the quality of the delivered services. Likewise, connectivity technologies are being developed in excess, and every business may take advantage of those which best satisfy the requirements for functionality. As more connected the devices are more data would be required. The need for more data would mean a large security assurance to all network coverage.

2. IoT Security Trends: Raising Security Concerns

IoT is wonderful in many ways. But unfortunately, technology has not matured yet, and it is not entirely safe. The entire IoT environment, from manufacturers to users, still have many security challenges of IoT to overcome, such as:
• Manufacturing standards
• Update management
• Physical hardening
• Users knowledge and awareness

This issue is getting ever more pressing in 2020 and thus introduces another Internet of Things trend that needs addressing.

• General Data Policy Regulation (GDPR) implemented in 2016 can help in fixing the security flaws of IoT and compel single users or organizations (e.g., health, education, and governmental facilities or businesses) to keep track of all the devices to respond to security breaches effectively. The GDPR imposes heightened requirements on controllers, i.e. organizations that control the processing of personal data, encouraging them to implement protective measures. The new Data Protection Regulation is meant not only to create a better legal structure but also to protect users from software abuse. Thus, the GDPR will carry out this function by covering any company that is processing personal data of subjects residing in the EU(European Union).

• In the second place, such things as mobile device management systems and network access control systems are likely to grow in popularity as a means of mitigating data breach risks. In particular, they let users monitor the number of devices connected to their network, who their owners are, what data is leaving the system, etc.

3. Blockchain Technologies Shaping The Future of IoT

Blockchain is one of the key IoT technology trends as for today. The exchange of money and data between IoT devices in a reliable way is becoming possible once the blockchain technology provides them with a simple infrastructure for doing so. Blockchain technology is the missing link to settle scalability, privacy, and reliability concerns in the Internet of Things. Blockchain technologies could perhaps be the silver bullet needed by the IoT industry. Blockchain technology can be used in tracking billions of connected devices, enable the processing of transactions and coordination between devices; allow for significant savings to IoT industry manufacturers. This decentralized approach would eliminate single points of failure, creating a more resilient ecosystem for devices to run on. The cryptographic algorithms used by blockchains would make consumer data more private.

4. Advanced Management and Artificial Intelligence 

There is a clear intersection between the Internet of Things (IoT) and Artificial Intelligence (AI). IoT is about connecting machines and making use of the data generated from those machines. AI is about simulating intelligent behaviour in machines of all kinds. Clearly an overlap. As IoT devices will generate vast amounts of data, then AI will be functionally necessary to deal with these huge volumes if we’re to have any chance of making sense of the data. Data is only useful if it creates an action.

To make data actionable, it needs to be supplemented with context and creativity. IoT and AI together in this context, i.e. ‘connected intelligence’ and not just connected devices. Relying on the AI support to the IoT efforts along with the shift to advanced data analytics, one can make the most reliable predictions. They both can contribute to wiser data management with the help of intelligent automation. With the ML algorithms, processes can be automated, which increases the accuracy and helps to make more sense of the gathered data. Artificial Intelligence is a brain that makes smart decisions and enables a body (IoT) to take action.

5. 5G Networks Across The Industries 

The Internet of Things (IoT) is on the rise. The number of connected devices is set to increase from 700 million to 3.2 billion by 2023. While there are a number of factors contributing to this rise, one of the most important will be the development of 5G networks. The upcoming launch of the fifth-generation of cellular mobile communications or 5G is great news for the IoT market. This is primarily due to the fact that 5G networks will go a long way towards improving the performance and reliability of these connected devices. 5G, as well as, Internet of things, are considered the beacons of the fourth industrial revolution that is still ongoing in 2020. Now, it’s time they got coupled to drive tech transformation.

The fifth generation of mobile technologies provides faster and far more reliable connectivity, which encourages industries to transform the manufacturing and business processes accordingly. Together, IoT and 5G are establishing an infrastructure for smartphones and tablets, as well as wearables, medical devices, and vehicles. Speedy data transfer speed and greater network reliability are the main merits the joint effort of 5G and IoT is going to contribute.

The commercial success of any IoT is ultimately tied to its performance, which is dependent on how quickly it can communicate with other IoT devices, smartphones and tablets, software in the form of its app or website, and more. With 5G, data-transfer speeds will increase significantly. In addition to the increase in speed, 5G networks will operate more reliably creating more stable connections. Having a reliable and stable network condition is extremely important for any IoT, but especially for connected devices like locks, security cameras, and other monitoring systems that depend on real-time updates.

Summing Up

The advent of IoT has brought many changes in many facets of life like healthcare, communication, office workplace and many more. But, the new features in IoT is not implemented in one go. It is an incremental process that gives an incentive to nearly universal digital transformations. By relying on IoT development services, you can provide everyday objects with a connection to the internet, which can provide additional useful IoT applications. Once objects are embedded with sensors, software, electronics, actuators, and of course, network connectivity, you can grant them the ability to exchange data with other devices.

Renowned IoT application development companies are here to help you achieve an even greater level of professionalism and convenience by developing an Internet of Things (IoT) application for you. With prominent IoT application development companies, you can establish connections between items that were not connected before, which offer the installation of sophisticated remote internet controls, which will allow you to bring an additional layer of functionality to the things you already possess.