10 Trends of the Internet of Things (IoT) in 2020

The Internet of Things (IoT) is establishing new ways of development in the industrial and consumer world. All layers of the business and consumer sectors, from retail to healthcare, have been influenced by smart technologies.

It has become an innovation strategy and it would be a mistake not to take advantage of all the benefits that this brings, especially in these times when digital is the stoppage. 2020 is a key year for the 4 components of the IoT model: Sensors, Networks (Communications), Analytics (the cloud), and Applications.

The IoT and smart devices are currently helping to improve the performance metrics of leading factories. They are in the hands of employees, facilitating routine management tasks, and shooting productivity rates around 40 and 60% [1].

The following 10 trends investigate the impact of many technologies on the IoT and shed light on the future of the IoT.

This is because businesses today want access to more data about their own products and internal systems. This will improve the ability to make changes on time. An example is a fact that many manufacturers insert sensors into their products. This allows them to receive information on its operation and to anticipate when a component may fail. This way they change it before the damage, which increases its reputation and reliability.

In conclusion, there are many business opportunities in IoT, but there are several technological challenges, the Internet of Things will allow having a closer relationship with customers, it is the ideal complement to Cloud Computing since it helps the processing to deliver more complete results. If cloud computing transformed the ecosystem of organizations, the IoT is doing the same, forcing them to consider whether they need tools for real-time processing and analysis, and forcing them to choose, better than ever, their sources of information, to guarantee the return on your technology investments.

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Reference

[1] https://www.linkedin.com/pulse/nine-iot-predictions-2019-ahmed-banafa/