Did you know that in 2008 there were more things connected to the internet than people?
Don’t drop the jaw yet, the more interesting fact is by 2020 this number will touch the score of 50 billion. Also, the profits which are expected from this investment amounts to a whopping $19 trillion.
The internet of things (IoT) has re-defined the technological landscape in the last decade beyond our imagination. It has majorly aided us in improving the productivity of our routine tasks. This fact explains the reason as to why there is a steady rise in the number of connected gadgets in workplaces and homes across the globe. Knowing all that, the significance of IoT doesn’t demand any further explanation. So, let’s skip directly to the anticipated IoT trends that will rule in 2019.
Edge computing means a method of distributed computing that is performed on distributed smart or edge devices instead of computation done in a centralized cloud environment. Edge computing reduces the cloud dependencies and data transfer volumes that provide extra agility and flexibility for business. It has a major effect on the industries where the decisions are based significantly on complex real-time data analysis and where there is restricted cloud connectivity.
The industries that depend on complex real-time data analysis are security, manufacturing, and public industry and the industries where cloud connectivity is mostly restricted are the logistics and shipping industry.
It’s no brainer that IoT gadgets are susceptible to hacks and security breaches. The greater the number of IoT devices you have, the more you are at risk. This is a major drawback with this technology, but this is taken care of in 2019. By the end of this year, endpoint security will increase significantly.
Hardware manufacture companies like Cisco and Dell have taken initiatives for creating specific infrastructure for the smart devices that are expected to be more durable and secure. Also, soon the security vendors will cover the edge domain and provide endpoint security functionalities along with the present list of offerings like providing insights into network health, avoiding data loss, application control, whitelisting, and privileged user control.
Increase in the endpoint security will prove to be a key to transformation in the IoT sector. The lag in the security of the endpoint devices has actually subdued widespread adoption of this technology.
Smart beacons, RFID tags, and sensors are proof that the manufacturing industry has leaped into the future with technological advancement. This is like another industrial revolution that is about to change the landscape of the manufacturing industry. It is anticipated by market analysts that the IoT devices will double between 2017 and 2020 in the manufacturing industry.
These devices are going to turn the tables for all the industry-specific processes like production, supply chain management, logistics, packaging, collection, distribution, and development. Manufacturers can seize this opportunity to enhance production numbers, manage inventory more effectively, avoid unwanted delays, and most of all minimize the equipment downtime. This industry will witness the next level of development and upside streak in the year 2019.
Apart from the manufacturing industry, the IoT technology has significantly covered the healthcare industry as well. As per research conducted by Aruba Networks, 60% of healthcare organizations across the world have introduced IoT devices. The road to smart pills, Electronic Health Record (EHR), and personal healthcare management now seems an easy one.
The siloed and narrow experiences offered by the smart homes clustered with the inability to function with other forms of services is a drawback that makes it difficult for the vendors to fetch a continued subscription from the users. To curb these issues, multiple industry players have come together to cater to several necessities of the users and form a one big lucrative subscription offering. These players include utilities, food, grocery companies, and insurance majorly. No doubt, the smart homes are about to become smarter in 2019.
Say hello to the connected app that will show real-time diagnostic information about the car. All thanks to the IoT technology that has blown life in this concept of smart cars. This real-time diagnostic information of the smart cars includes not only the basic intel but also complex information such as oil level, fuel consumption, tire pressure and so on. The catch is, all this intel is available at your palm.
Feeling like Tony Stark from Avengers yet?
Well, it isn’t over! Beside diagnostic information, you will witness other IoT advancements as well in 2019. These advancements include connected apps, current traffic information, and voice search which are currently available in rudimentary forms.
5G networks, the most awaited tech trend in the industry, is making its grand entry in 2019. 5G network will be the backbone of IoT technology by supporting the growing interconnectivity of the IoT devices. A high-speed 5G network will allow collecting, managing, and analyzing the data in real-time. Imagine a world where you won’t have to wait even for a minute!
The 5G network will soon become a reality of our lives and will significantly broaden the IoT market as well in the industries where real-time analyzing is very crucial.
In the coming years, IoT will become a part and parcel of our lives. The profounding impact that it has on our life currently, is revolutionary in all the aspects. The year 2019, will surely bring some major strokes on the IoT landscape, with the 5G network already in the pipeline. From smart homes to smart cars to the way business is done, everything around us is going through a major transformation and for good.