Top Trends in IoT That You Can Take Advantage of Today

IoT is the hottest buzzword that everyone in the tech industry is obsessed by. People are climbing on top of the investment charts waiting to see what happens in the IoT space over time. There have been several companies that have done absolute wonders with the technology, while many others have taken the definition of IoT and changed it. They are making wearables, M2M devices, and machine learning algorithms that are making it easier to live everyday life.

Don’t Overestimate Its Importance

It’s easy to get swept away by the buzz around the topic, but most experts agree that you must stay realistic about its reach. There was the Google Glass problem which had a bit of IoT in it. Apart from that, no other company has been able to successfully create a problem-solution dynamic yet.

You shouldn’t get too excited about IoT as you might not be able to see the real story behind the craziness. People have become accustomed to some people calling it the – diet version of IoT. This is when you wear a bunch of wearables and everything’s tracking each other.

This form of technology can be path-breaking but you’re not really getting anywhere when it comes to innovation. There are a lot of IoT devices that do the same thing and there isn’t anything unique to it when it comes down to the bottom line. There have been many campaigns that have showcased how innovative some of these solutions can be, but nothing that really stuck to the minds of the consumer.

Bio-Hacking and New Innovations

Others have turned towards bio-hacking which is a new idea of installing a chip in your hand so that you don’t have to carry your card anywhere. You can make payments this way and do a lot of neat stuff that you wouldn’t have been able to do otherwise.

This is sort of the extreme version of this technology, but there are companies that are offering this at a corporate level to allow for increased security, along with thumb prints and eye scans. It's also important to have in your body, so that your access can be changed or revoked as and when necessary.

What seemed like a dream is now becoming a reality slowly and steadily.

Security is Key

One of the biggest trends this year has been all about security. With so much focus on security devices, and IoT applications around anti-hacking and permissions driving, IoT and security will become synonymous in the coming years.

One of the biggest trends of the year, will be about how security is enhanced through the power of IoT. There will be smart objects, that will become more common place and people not being hesitant to trust these devices. They will become a part of our everyday lives, and we need to make sure that they are loaded with all security features necessary.

There is a huge issue of security and IoT, because of the fact that it can be remotely hacked by another member of the IoT ecosystem. This is also interesting to know because there are many issues related to the proper functioning of these mechanism. When a network of IoT bots gets hacked, the mainframe is under danger as well, leading the whole organization to be under water.

Blockchain Will be Huge

Because Blockchain has been rising in popularity over the last few years, there is rising tension about what its role is going to be with regards to IoT. Will it have long-reaching implications? Or will it have the right steps needed to bring about real change in the industry. Blockchain’s true power hasn’t been fully explored yet and were still in the nascent stages of development, when it comes to this technology. But over the years, we will surely see a sharp rise in the usage of this technology in conjunction with IoT.

There are so many applications to Blockchain that it is ridiculous. When you can really revolutionize the fintech industry, you can change the way that it thinks via IoT. There can be distributed ledgers and connected devices that make it impossible to detect movements. You can leverage the power of this connected system to make all sorts of transactions and protect the data of hundreds of thousands of your employees or customers.

You can also give third-party vendors-controlled access to databases, which can help in the security part as well. And you can give the whole industry a boost by implementing core blockchain technology into the IoT ecosystem.

Smarter Cities Development

What’s a smart city? A city that’s self-reliant and runs on databases and technology. A great way to think about smart cities is to analyse the importance of how your mobile phone works. Now think about how a parking meter would work if it had the power of your phone in it. How about street lights? Or what about cars?

There are so many IoT applications when it comes to smarter cities, and the future is endless when it comes to this stuff. There are many examples of functioning cities that can be transformed into smart cities through the help of key technology innovations that drive excellence towards transformation.

When your microwave can talk to your local grocer and order something hot and spicy before you get home, then that’s a win in everyone’s book. It boosts the economy and makes you think about what can happen in the future.

Citizens across the world are affected by problems related to pollution, waste management, and excess of everything. With the help of smart cities, we can design homes, buildings and societal complexes that depend on renewable energy and IoT devices to communicate with one another. Being a part of a single network also ensures that there is a centralized command over what happens and what doesn’t.

Conclusion

The trends, when it comes to IoT are quite simple and clear to see. Their impact is the key to understanding how technology permeates our everyday experiences.