How the Internet of Things is Trending and What That Means for You
The internet of things (IoT) continues to have a large, sweeping impact on companies across industries. Trying to navigate the changes it brings without proper operation strategies could leave your company confused in a technological world of connectivity. IoT now and in the next few years will advance opportunities for further growth beyond what we know it as today.
Looking Back Two Decades
In the past 20 years, we’ve seen the rise and fall of dial up modem internet, floppy disks, VHS tapes, Y2K concerns and BlackBerry. All of that is to day, we’ve come a long way. With current innovations of today like the cloud and the internet of things, it’s curious to think about what we’ll look back on 20 years from now. For now, let’s look at the Internet of Things more tangible trends.
5G network will eventually replace 4G LTE connections. It gives a higher data rate, connectivity, energy savings and cost reduction. It allows more devices to connect to the Internet at the same time. In April 2019, Verizon launched their mobile 5G network in limited areas in Chicago and Minneapolis. However, their MotoZ3 isn’t 5G capable out of the gate and needs to be retrofitted with 5G connectivity. The Samsung Galaxy S10 currently runs on Verizon’s 5G Network.
Verizon’s intentions were good but the delivery was less than great. It’s reported that speeds often locking in at 4G. Beginning in 2018 and driving forward in 2019, businesses are focusing on implementing and upgrading their networks and infrastructure to support 5G. 5G will play a significant role in IoT and AI.
Artificial intelligence (AI) is a key piece in the practical application of augmented reality (AR). Not familiar with AR? If not, you’ve likely heard of virtual reality (VR). Virtual reality is a completely immersive experience that allows users to shut out the real world. Augmented reality adds digital elements to a live view of your environment. This is achieved through your smartphone or glasses.
Say you’re in a park. With AR, you can add an animated character to the scene, viewable only to you through smartphone or glasses. In the future, wearing AR glasses will allow you to see the route you are driving mapped out in front of your car, even if you’re looking in a different direction. Doctors could use headsets displaying vital medical data during important procedures. Maybe more practically for an everyday user, AR glasses in a grocery store will share prices and nutritional information.
People spend most of their time inside buildings: homes, offices, factories, academic campuses, hospitals etc. The systems involved in smart buildings evolve each year. Smart building IoT connectivity can include automated access control, security, lighting, HVAC systems, advanced audio/visual systems and more.
What can an audio/visual system do for you? It can be controlled by mobile device, enabling employees to stream music or run presentations from their phone. Another example of IoT connectivity? Purchases. Simply wave a phones across a contactless payment terminal and it’s good to go.
IoT is generating data at an exponential rate. Big data platforms support the demands of large-scale data storage and utilize the accumulated information to provide insights. Companies realize data enables them to make decisions that will keep them competitive while increasing their ROI.
In the last few years, businesses have anticipated and put in place steps to protect data against hackers. But is it enough? With evolving technology–including IoT–the simple answer is no. The General Data Protection Regulation (GDPR) passed into law on May 25, 2018, regulates standards in communication for data processors and data controllers. However, it does not stop phishing attacks, network spoofing and spyware. Businesses will need to review the security they currently have in place while trying to keep ahead of the game. How does one stay ahead? By re-examining their BYOD policies, desktops connected to mobile networks and IoT devices.
According to MarketsandMarkets, the sensor market will be worth $22.48 billion by 2023. Sensors can measure and record temperature, light, sound, speed, direction, pollutants in the air and can be even used to monitor patient’s health through ingestible pills. Sensors in the coming years will evolve to monitor and gather even more data while expanding their capabilities.
If you are looking to bring your IoT Strategy to market, look no further. Motus is here to help deploy, connect and maintain your IoT product implementation. Send us a message and one of our Technology experts will reach out to you!