IoT Trends and how it is moving forward in 2020
What is the Internet of Things?
We all know that IoT is changing industries across the board, from agriculture to healthcare to manufacturing and everything in between. But what is IoT, exactly? The Internet of Things is taking all the things in the world and connecting them to the internet. Connecting up all these different objects and adding sensors to them adds a level of digital intelligence to devices, enabling them to communicate real-time data without involving a human being.
What is the benefits?
The benefits of the IoT for business depend on the particular implementation; agility and efficiency are usually top considerations. IoT encourages communication between devices, also famously known as Machine-to-Machine (M2M) communication. Because of this, the physical devices are able to stay connected and hence the total transparency is available with lesser inefficiencies and greater quality.
Due to physical objects getting connected and controlled digitally and centrally with wireless infrastructure, there is a large amount of automation and control in the workings. Without human intervention, IoT machines are able to communicate with each other leading to faster and timely output.
How IoT moving forward in 2020
According to Business Insider, the introduction and adaptation of 5G technology will push forward connected cars. This evolvement of a 5G IoT system will fuel the development of the smart city and connected vehicle networks, improve healthcare operational efficiency, and benefit the manufacturing industry. The evolution of driverless cars will add more options for customers in terms of features and quality. 5G technologies have furthered the potential of IoT devices, boosting data transport speed and reducing data latency.
The introduction of MaaS as a new business model could potentially make the idea of owning a private car obsolete in the future. Mobility as a Service (MaaS) is the integration of various forms of transport services into a single mobility service accessible on demand. The rise of MaaS will revolutionise how people move from point A to point B where services are connected to transportation. The use of MaaS provides an alternative to the use of the private car that may be as convenient, more sustainable; it helps to reduce congestion and constraints in transport capacity and can be even cheaper.
The rate of IoT adoption in the transportation & logistics industry is already high and keeps accelerating. Investing in new technologies, transportation companies lower the cost of shipping or transporting and increase their operational efficiency. The increased use of predictive diagnostics and vehicle maintenance based on automotive IoT will transform the way people and goods are transported. As more and more fleet are being equipped with telematics with vehicle-to-vehicle (V2V) communication, it enables real-time cargo monitoring and improve vehicle safety and efficiency. Fleets of all kinds will benefit from safer roads and reduced traffic due to increased smart technology within cities.
IoT is not implemented in one go. It is a continuous process to fuel universal digital transformations. IoT is one of the few technologies around that has immense potential to shape business in the coming future. With no signs of slowing down, IoT usage is expected to grow this year. IoT trends 2020 promises to put a spotlight on in both consumer and industrial fields prove that the future has already begun and the technology will keep changing our lives.