Six Key IoT Trends to Watch for in 2020

The Internet of Things (IoT) is now entered as a much-hyped futuristic technology. This concept is now a reality that has become both a social and technological marvel. The latest IoT trends can serve as clear evidence of this fact.

IoT is now utilized with data analytics software and artificial intelligence. These combinations help businesses to improve processes, increase ROI and minimize overheads. It is forecasted that by the year 2020, there will be over 3 billion IoT devices. Looking at the rapid pace at which IoT is making its place in our lives, people are thinking if we can develop beyond home assistance & connected home appliances.

IoT has covered the way for smart technologies. With this collection of the appearing trends in IoT recently available, we plan to get you to speed up with Industrial IoT developments. The popularity has grown up so much that a new sector of IoT is initiated, called Industrial IoT (IIoT), which usually refers to machines and factories packed with connected sensors.

Despite of the industry, all IoT devices assemble data and provide useful information to the customer. In 2019, we all are just set to see few best technological advances that are ready to make a beginning in the year 2020.

While there are many IoT trends appearing in the market today, let’s have a look at some of the best IoT trends that will securely influencing 2020.

1. 5G

Wireless sensing and advanced location tracking technologies are expected to become more relevant in 2020, especially as 5G cellular connectivity enables new capabilities. With few important names in telecommunications, such as a Qualcomm, AT&T, Verizon, Nokia, Ericsson making sure that global 5G deployments stay on footstep and the 5G will strike the ground running in 2020.

In addition to initiating us with faster broadband speeds and more definitive mobile networks, the expansion of 5G will also speed up the developments in smart city, smart vehicle, smart manufacturing . The true value of 5G won’t be limited to phones only. Every industry that touches our daily lives will be changed for the better by the technology advancement that will define 2020.

As for location tracking, the new IEEE 802.11az standard is assumed to enable high-precision tracking that is expected to become an essential feature in 5G networks, assisting several business areas such as consumer marketing, supply chain and IoT.

2. AI and Machine Learning become drive multipliers for data analytics

Even now, distributed IoT analytics and data are finding various applications in IoT networks. The value of AI and machine learning to data analytics can be filtered into three separate values: speed, scale and convenience. Speed and scale criticize to the benefit of automating the analysis of huge data sets as against to assigning human data analysts to the specific task.

Thanks to AI and machine learning, complex data sets can now be monitored in a fraction of the time it used to take just two years ago. This is not because of computers that have become faster or better, but rather because AI and machine learning algorithms have gained extremely well at data analysis and because of that analysis can be easily mounted in the cloud. As good as they are already getting in 2019, their speed and accuracy is assumed to improve greatly in 2020. The integration of data streams with machine learning and AI engines is another trend. Potential applications include smart homes and elevator maintenance.

How Business Leaders will Leverage IoT Analytics and Data

3. Blockchain as an efficient backend

We know that AWS modifying blockchain technology with their subscription based blockchain-as-a-service platform. Many other global leaders are also in this space, such as a Samsung, Microsoft and IBM etc. Now we are beginning to see real use cases for the technology beyond payments and crypto currencies. 2020 could be the beginning of the rise of Blockchain.

Block chain, In the future will have the potential to change industries and finally the economy, as complementary technologies such as AI and the IoT starts along with blockchain. Blockchain also enables enterprises to track assets back to their origin, which is beneficial for traditional assets. It also empowers two or more enterprises who don’t know each other to safely communicate in a digital environment and interchange the value without the requirement of a centralized authority. 

The complete blockchain prototype contains five elements: A shared and distributed ledger, immutable and traceable ledger, encryption, tokenization and a distributed public concurrence mechanism. Blockchain, which is already emerging in experimental and small-scope projects, will be fully scalable by 2023.

4. Automotive Sectors Will Drive IoT Data Growth

Automation utilizes technology to automate tasks that once required humans. Hyper automation assigns with the application of advanced technologies, involving artificial intelligence (AI) and machine learning (ML), to increasingly automate processes and augment humans. Hyper automation develops across a range of tools that can be automated, but also refers to the experience of automation (i.e., discover, monitor, design, automate, measure). As no single tool can replace humans, hyper automation today combines an integration of tools, including robotic process automation (RPA), intelligent business management software (iBPMS) and AI, with the aim of growingly AI-driven decision making. 

While video surveillance and other kinds of video applications will make up a large part of the IoT data being generated, most of the growth over the next six years will come from the industrial and automotive sectors, as per IDC.

The two sectors alone represent an annual growth rate of 60 % for IoT, and it’s due to the increasing amounts and complexity of sensors that are capturing data from automobiles, machines and other industrial assets. Data types include audio, video and image and things like artificial intelligence and analytics are only magnifying the kind of data being created.

5. Connected vehicles, autonomous drones and Smart Cities become our new reality

Autonomous things which include drones, robots, ships and appliances, use AI to execute tasks normally done by humans. This technology works on a spectrum of intelligence varies from semi autonomous to fully autonomous. Autonomous things will also switch from stand-alone to combined swarms, such as the drone swarms used during the Winter Olympic Games in 2018. Gartner said wireless sensing, which contains the immersion and reflection of wireless signals, can be utilized to generate advanced radar systems for virtual assistants and drones, for example. Other use cases involve medical diagnostics and object identification.

Very soon we will be recognizing the IoT Trends where the future-thinking cities will invest in developing the data exchanges which will supply the integration and access of the data between the public and private organization along with the citizens. With smart city spending assumed to reach $189.5 billion in 2023, initiatives for flexible energy and infrastructure estimated are set to drive the most growth, as per research firm IDC.

Data-driven public safety and intelligent transportation enterprises are also assumed to be strong growth drivers for spending in the next four years. Use cases that will help this growth involve vehicle-to-everything connectivity, digital twin and officer wearable. When it comes to enterprises that cities will spend the most money on solutions are smart grid, fixed video surveillance, advanced public transportation; smart outdoor lighting and intelligent traffic management are expected to be at the top.

6. XaaS, UX/CX, and privacy: How IoT trends will take to center stage in 2020 

 XaaS

Everything-as-a-Service will acquire even more momentum in 2020 than it did in 2019, in even the most hardware-driven sectors of technology. Hewlett Packard Enterprise introduced that they would provide Everything-as-a-service in their portfolio by 2022. Everything as a Service has been building up to this for a few years now, but 2020 will be the year it goes entirely mainstream.

User and Customer Experience

IoT technology can improve the power of CRM (Customer Relationship Management) systems. The premise rests on the technology’s capability to notice customer problems and notify companies about them. IoT devices can outline problems to customer desks without the customer even knowing about it.

Customer service development is one of the significant consumer IoT trends. Today’s CRMs are known for their capability to play well with other systems as most of them come with APIs. These combinations will connect IoT technology to existing business systems.

Digital Privacy

The initiation of the EU’s General Data Protection Regulation and growing calls in the U.S. to manage controls on technology companies, we will be seeing more companies eventually get serious about privacy and data security concerns in 2020.

The IoT tech market will notice a resumed focus on security as complex safety challenges crop up. These complexities result from the diverse and distributed nature of the technology. The network of connected devices endures vulnerable to attacks. Widely-accepted security issues will assist IoT providers to increase valuability. To inform users about early security measures are most important.

IoT is now begining to develop and will be a full-blown business technology in the next few years. The trends outlined here can assist you to do just that. These IoT trends are making our world into a more reasonable one.

In the future, new technologies will appear in making IoT more user-friendly and instinctive. Amongst all these predictions and trends, the future is definitely a promising one & of course, worth looking forward to.