Today’s digital world is no longer limited to computers and smartphones having the ability to do quite a number of things for us, end-users.
These days, we marvel at drones being tapped to deliver ordered items straight into customers’ homes or at smart, voice-command-activated speakers being able to set a wake-up alarm when its user tells it to.
All of these things are now possible because of the “Internet of Things” (IoT), which is the umbrella term used to pertain to any device that connects to the internet.
As consumers of technology, we are fortunate to experience all the power that IoT is bringing into our daily lives. You can be physically present in one location and be virtually connected to your family or friend in another place.
Alongside the opportunities that IoT creates, however, are challenges that relate to data security or privacy. All things considered, individuals and companies need to be mindful of how they leverage IoT connectivity.
With technologies getting more sophisticated and accessible by the minute, it’s safe to say that the possibilities are endless. Over the next decade, we’ll most likely see a series of IoT transformations across industries:
1. Healthcare services will improve from being reactive to predictive.
There will be special sensors placed in gadgets and body systems to alert patients and medical teams of any potential irregularities with someone who’s being monitored for health issues.
2. Cities and buildings, like homes, will be smarter.
The use of smart technologies will move away from consumer homes into cities and buildings. Video camera surveillance systems on the road will be helpful in flagging reckless drivers and remotely control their car systems.
Ecologically conscious offices can use smart building systems to regulate the number of air impurities or artificial light that’s allowable inside the workplace.
3. Artificial intelligence (AI) will demonstrate higher levels of learning.
Nearly all devices that connect to the internet collect and store data in the cloud. As cloud services amass volumes of data, the engines processing them can make intelligent actions based on the data they receive.
If you’re in the airline industry, for example, you can automatically rebook your passengers coming from a canceled or delayed connecting flight without them having to go through the trouble of finding another flight on their own.
4. Autonomous driving will be more commonplace.
Car companies will use more of driverless technologies such that vehicles to vehicles can communicate with one another – paving the way for increased road safety among drivers and passengers.
Car insurance companies will also start putting in autonomous driving into the equation when deciding on insurance premiums for its customers.
5. The field of agriculture will move to in-vitro food production.
The interconnectedness of agriculture equipment and systems will make it possible for farmers to increase their crop yields while lowering the land footprint needed in traditional farming.
As a result, under-utilized farmland can be allotted to increase carbon sequestration and agrobiodiversity efforts instead.
6. Computer user interfaces (UIs) will shift to newer technologies.
Right now, most computer UIs are either text-based or touch-based (think of touch screens on your computer or TV monitors). Eventually, emerging technologies like virtual reality augmented reality, or mixed reality will “come to life.”
For example, IKEA’s concept kitchen can suggest recipes based on the ingredients found on top of the kitchen table.
7. Vast business networks will be developed.
This type of network will resemble an automated B2B marketplace, where business partners can readily share information with one another and with their employees.
The immediate transfer or sharing of information can make communication more efficient for B2B entities.
Interconnectivity is a wonderful aspect of the IoT phenomenon due to its potential to improve life and business processes. With that said, your company should seriously consider putting your IoT initiatives and strategies in place if you haven’t yet.