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Internet of Things (IoT): The Next Big Thing

Bhavin Soni 01/01/2023

IoT applies to home appliances, motorcycles, handheld devices and other gadgets linked to the internet and share data with each other, which is a short version of the internet of things. Not only computers, tablets and smartphones, but even items fitted with chips to store and exchange data through a network are included in IoT products. It is a good bet in 2020 to expect that you are likely to possess at least one such system at this point. There are, after all, 26.66 billion IoT connected computers across the globe, according to the figures. Which leaves every person in the world with at least 3 devices statistically. But for all these mind-boggling figures, just 0.06 percent of 'things' are currently linked to the Internet. This leaves a great deal of scope and opportunity for the creation of stuff on the internet. The IoT future looks pretty promising. They also impact our lives, our families, our cities, how we function, communicate or communicate with the environment around us. A NASSCOM study says India would be the front runner in the APAC (Asia-Pacific) area when it comes to embracing IoT technology. The Indian IoT industry is expected to be worth about $9 billion by 2020, emerging from $1.3 billion in 2016. In the specified growth period, the reported CAGR is 62 percent. Regarding IoT connections, the same study notes that by 2020, India would have 1900 million IoT connexions rising from 60 million connexions in 2016. The CAGR growth reported during this time is massive, 137 percent.

Below are several significant observations regarding IoT's existence.


1. Increased Conversion to Smart Cities
Smart Cities have become today's urban option. Via IoT, Smart Cities will begin to extend their presence far and large in 2020. We'll soon experience the smart cities dreaming about the future and engaging in hi-tech technology that exploits data access between organizations. Information gathering instruments such as security cameras, video kiosks, etc. are connected to the internet. Smart homes would be the chosen option to automate all gadgets. Integrating smart thermostats and protection devices in modern buildings. This would contribute to a healthier lifestyle, more excellent protection and growth, disciplined traffic management.

'Smart Cities' are already a major sector, but continue to expand each year, as in cities that use IoT sensors to gather data and create knowledge for better management.

IoT-driven technologies are currently being deployed by cities such as London, San Francisco, Rio de Janeiro and Copenhagen. Several of the IoT initiatives in 2018 were in the 'smart city' category. Solutions such as smart metres are likely to continue to be utilised by these towns, with spending expected to rise to approximately 1.1 billion by 2022.

2. Security Interventions will Intensify and Stand Priority.
More data disclosure, more data risk. And that's what arose as IoT's critical backdoor. With IoT extending its wings, concentrate on taking control of the data and securing it from cyberattacks, threats, hacking, etc.

Often, the routers used would have to be padded with protection measures to secure them from hacking and cyberattacks. IoT protection initiatives now guarantee safe routers with built-in antivirus applications.

In all IoT related initiatives, specialized rules and regulations will be established to ensure conformity with the protection. Multiple jurisdictions can participate in ensuring people remain free from failure or misuse, thus incorporating their life with IoT.

3. Interdisciplinary AI with IoT Trends
Artificial intelligence, coupled with deep learning, is now giving IoT devices momentum across a number of devices. The pattern will begin to rise, and there will undoubtedly be a lot of significant growth in this arena in the coming year.

The massive bulk of data gathered from these IoT devices can be processed using different AI techniques. The convergence of AI, Big Data and IoT can, in a huge way, pave the way for a next-gen experience for end-users. If you will not optimize the user interface with the collected data, the coming year would make consumers realize that it is not beneficial to link devices with IoT technology.

Based on their AI expertise, prominent cloud service providers such as Amazon, Microsoft, and Google are looking forward to participating. Organizations would have to identify their AI functions and duties before plunging into IoT. Based on their AI expertise, prominent cloud service providers such as Amazon, Microsoft, and Google are looking forward to participating. Organizations would have to identify their AI functions and duties before plunging into IoT.

4. Availability of Advanced Data Analytics
Clubbing IoT with AI and other advanced technology would certainly put in-depth information into the data being gathered. There was always data analytics, but there would be an additional layer deep within the data pool in the coming year-data that has been collected at a very intricate level and displayed precisely as desired.

Apart from all these: the following is the list of specific real-time applications of IoT platforms:

• Intelligent Home Automation
Like all modern-day smart devices attached to each other and controlled by users from a distance via voice commands, IoT has been nurtured easily. With this rapid IoT development, it is anticipated that Smart Homes will soon be the truth when clubbed with smartphones.

• Smart Infrastructure
IoT technology will assess the highways, railways and bridges that need to be rebuilt, as well as the degree of their deterioration, the severe temperatures that can inflict destruction.

• Parking and Traffic Issues
Heavy traffic and congestion are some of the biggest pains of any big megalopolis. But it is also something IoT is already tackling. The sensors installed into the asphalt will pick up the driver's license plate and charge them automatically. The fee is focused on how busy the road is.

IoT's potential looks optimistic and exciting. Our lives will get even smoother and more successful with all the forecasts and ideas in the works, whether we are talking going navigating through our towns, engaging at work or lodging in the comfort of our own homes. In all these sectors, though, there is one drawback addressed by IoT systems: the issue of synchronization and coordination with all systems. If organizations fail to conquer this challenge, an ancient history would be the way we exist today.