IoT (IoT Trends) has been the buzzword du jour for a couple of years now, and it’s not going anywhere anytime soon. It can help create smarter and more efficient businesses: IoT consultancy services can help create smarter and more efficient businesses. Imagine sensors that can monitor your business’ energy usage in real time, devices that will automatically switch off lights when there is nobody in the room, or wearable tech that allows you to remotely handle urgent customer service issues. These are only a few examples of the IoT Trends value that IoT can bring to your business.
However, before you rush ahead and put your toes in the IoT water, you should consider the potential risks and opportunities that it creates. In this article, we will discuss five latest IoT Trends to consider for your businesses.
What is IoT?
The Internet of Things is a network of physical devices, vehicles, buildings, and other items—embedded with electronics, software, and sensors that enable these objects to collect and exchange data. The IoT can be used to create applications in the areas of healthcare, real estate, retail, smart cities, and more.
How Can Your Business Transform Using Cybersecurity IoT Trend?
The cybersecurity IoT trend is a rising concern for many businesses. Cybersecurity is a broad term that covers the detection, prevention, and response to any threats with the use of computers, networks, or other technologies. There are various ways in which cybersecurity IoT trend can to improve your businesses:
1. Protecting your business against cyberattacks
Cybersecurity IoT trend involves a number of different aspects and thus is not limited to simply detecting attacks. A simple but effective way of protecting your business against cyberattacks is by proactively preventing them. For example, you can use a third-party security provider that specializes in cybersecurity IoT trend to implement various kinds of early warning mechanisms for your IT systems. Such alarms are designed to solve many of the issues before they become real problems for your business.
2. Increasing the efficiency of your business processes
Cybersecurity IoT trend can help you protect your business’s income by increasing its efficiency. Your company can cut costs and reduce delays by automating certain processes used to verify transactions or improve customer service. In fact, according to a study(S) from Hewlett Packard Enterprise and Intel Security, 80 percent of organizations agree that automation leads to better customer experiences at a lower cost than having staff manually handle those tasks.
3. Supporting your customer service
Help desk cybersecurity IoT trend is another area in which this issue can help you improve your business. For example, if you are a company that provides services over the phone, it’s important to monitor the incoming calls and know who is calling and why. For example, if an important client is trying to reach you at dinner time, they could get sent to voicemail instead of being forwarded to your cell phone.
4. IoT Trends in Business
IoT business ideas take into consideration the different ways in which your business can benefit from using the IoT. However, it’s important to keep in mind some of the potential risks associated with this emerging technology. Here are some of the current IoT trends to watch for in:
5. Smart Homes
It’s no secret that for many people, choosing the right home automation technology is a tough decision. Not only does the average person want a smart home that provides a plethora of options and functions, but they also want it to be cost-effective.
However, there are many inroads being made into the smart home arena by utilizing IoT technology to create systems that reduce both costs and operational complexity. One way this is being accomplished is through the deployment of an open source smart configuration platform with numerous software components pre-installed.
6. Wearable
Wearable like smart watches and fitness bands are becoming more and more popular, with the number of people in the U.S. wearing one of these devices reaching above 50 million.
The Internet of Things is at the forefront of this trend, as activity trackers and smart watches are utilizing sensors to collect data from these devices and send this information back to a central hub for processing. This provides users with a wealth of data insight into how well they’re living their lives, which can in turn be used to make adjustments and improve routines.
7. Connected Cars
The next big thing in the Internet of Things is expected to be connected cars. According to a study from the University of Michigan Transportation Research Institute, around 60 million cars on the road today are outfitted with connected systems. This number is expected to explode in the next few years, as collection of data will be used to give drivers real-time information on fuel efficiency, traffic flow, and other issues.
The Internet of Things will also impact the car insurance industry. For example, insurers can use data from connected cars to identify driving habits that could lead to accidents. They can then set up discounts for drivers who live more responsible lifestyles, or penalize those who behave recklessly on the road and drive like a young hotshot.
8. Smart Cities
One of the biggest developments in the smart city landscape is the beta launch of a smart city platform that allows cities to collect and analyze massive amounts of data. This system has been pioneered by IOTA, a blockchain technology company that has its own unique distributed ledger called the tangle. This new IoT technology will enable cities to create digital identities for individual residents and use these identities to facilitate a variety of transactions like payments, issuing licenses and licenses, etc.
9. Smart Farming
The last area that’s expected to see a big impact from the Internet of Things is smart farming. Healthier and more sustainable crops can be grown with the aid of IoT technology. For example, Monsanto is racing to make its GM seeds compatible with mobile apps that provide farmers with information on the quality of the soil surrounding their plants and harvest times. Once they know when to stop feeding their plants, they can start harvesting food at a quicker rate while using less water and fertilizer.
Conclusion
The Internet of Things is already having a big impact on many industries, both large and small. With the benefits and technology being used in other areas like the cybersecurity IoT trend, it’s only logical that there will continue to be an increase in its adoption. These technological trends and beyond will help bring a host of new opportunities to businesses all over the world, and should be closely followed by those who want to succeed in the future. There will be more future business trends to keep an eye out for, but right now the IoT provides an exciting future worth exploring.
Check out: Internet of Things (IoT) – Network Planning and Management