What Are The IoT Trends For 2020

IoT has brought dramatic changes in our way of living. Connecting every device to the internet has made notable changes in the world of technology as well. Being able to connect various electronic devices to the internet and operate them remotely makes our lives easier than ever. Here are some of the top IoT trends in 2020.

Block Chain And Big Data Collaborates With IoT

Every year, millions of devices are added to the IoT network. These devices create a high volume of unprocessed data that should necessarily be analyzed. This is where Big Data steps in, whereby Data Scientists analyze the huge amounts of data to detect patterns and trends in it. The patterns and trends detected make the generated data useful.

Blockchain technology comes in the third step of this process. We have already extracted information and now it has to be kept safe. Blockchain is a database that secures the data derived from IoT devices. The trend of merging Blockchain, Big data and IoT has been growing recently. Their collaboration offers a robust system for IoT devices.

AI Revolutionizing IoT

 The second factor that contributed to the revolution in IoT is Artificial Intelligence. It is expected that by 2022, 80 percent of all IoT projects will include AI as their major component. With the assistance of AI, the data received from IoT devices will be more meaningful.

The earlier predictions of machine operations are expected to increase by 20 percent as a result of the growing trend of using AI in IoT. Both technologies are going to be around for a long time and merging the two has got a lot of appreciation from people.

5G Network: The Fuel For IoT Growth

Since its launch in 2019, 5G has been playing the role of an innovative industrial and daily life solution. The growing influence of 5G helps the world realize the full potential of IoT. With devices in the IoT network increasingly adopting 5G solutions, 5G has become one of the fastest-growing IoT trends in 2020.

In many cases, IoT devices have high associated risks. Take, for instance, self-driven cars, where even delaying for a second could be life-threatening. Uninterrupted connectivity is the backbone of IoT.

5G continues to provide connectivity to IoT devices. 5G emerging as the main provider for IoT devices will encourage the development of quicker market solutions that integrate both technologies.

Increased Fragmentation

The influence of IoT devices and their introduction to the market has exponentially increased in the past two years and the growth trend is still evident. As a greater number of IoT devices are being designed, fragmentation is the major problem that bothers IoT.

 When more devices are designed, their individual parts, design, and everything starting from the smallest detail is unique. As many new options are being introduced, it is not that easy to figure out the right way of implementing fragmentation solutions.

Taking IoT projects from the development phase to the deployment phase is a struggle for businesses. Respective government authorities have to set a standard for IoT devices to reduce the fragmentation that complicates the overall development process.

Digital Twin Energy

In the US alone, there are 9200 unit electric grids that have to be managed efficiently. Transmission of electrical energy over large landscapes is a tough process and managing it manually most often leads to inefficiencies and equipment failures.

Digital twin is a cloud-based simulated model of an object, process, or service. Automation of manual handling processes in power grids can be achieved by AI models enhanced with Machine Learning. This growing trend has improvised energy options in the US.

IoT Manufacturing Systems

Adopting IoT technology into manufacturing has given a major boost to the operations of manufacturing businesses. Investment in IoT implementation by manufacturers is expected to reach up to $45.3 Billion by 2022.

Maintenance is an important part of manufacturing. Predictive maintenance of valuable machinery has been made possible with the effective use of IoT, whereby remote IoT platforms for data collection update machinery in a timely manner.

Inventory management has been taken to the next level with the development of IoT inventory management systems. Adopting the trend makes operations including asset tracking, management of supply chain, and remote tracking automated. Using IoT inventory systems can increase the revenue of businesses.

IoT Solutions With Improved Security

In the initial years after IoT was introduced into the market, security was not a major concern, primarily because the technology involved devices hardly had any associated risk. However, IoT experts started taking security seriously when more risk associated devices began to be added to the IoT network.

Even though IoT solutions have started addressing the security concerns of devices, there is still a long way to go. In terms of security, IoT is at a stage where IT stood ten years ago. With the number of IoT devices increasing every year, security is regarded as a major factor that requires proper attention.