IoT Trends and Business Ideas in 2019: How They Revolutionize Different Industries
Innovations are all around us. We use computers, smartphones, smartwatches daily. What else should we take into account? Internet of Things (IoT), of course. Devices with relevant software connect, create a chain that makes human life and more comfortable.
In this article, we will spell out what IoT trends are available in 2019 and how you can improve your business using IoT. Let’s go!
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Trends of IoT to Follow
This section will cover the capabilities of IoT, and you will find out why it is impossible to ignore such a technology. If you plan to integrate IoT into your business, you can keep up with up-to-date trends and stay ahead of your competitors. But more moving, less talking!
Big Data and IoT
What does IoT do? It collects and then processes data. IoT devices have integrated chips that track users’ activity. Internet of Things can be used in many areas like transportation, medicine, education, and so on, including home use. Therefore, Big Data algorithms make it possible to gather a large amount of data and provide customers with an excellent customer experience they have never tested before.
A massive data flow requires a high level of computing capabilities to collect and process all this data in real-time mode. That is where Big Data comes to rescue to ensure a flawless and quick data collection process.
Artificial Intelligence and IoT
IoT devices process a vast amount of data, and this data can be not only collected but also used for further improvement. We mean system teaching with Machine Learning. Machine to machine communication is a standard process in IoT functionality chain, so Machine Learning makes it possible to provide users with predictions concerning various situations. For example, in transportation or healthcare area accurate predictions may save a human’s life. If a typical analysis remains unchanged, Machine Learning algorithms let it improve permanently. Thus, when one device becomes smarter – all devices in the chain of IoT become more intelligent as well.
And if a device becomes smarter, it is beneficial for business. If something goes wrong, the system will be able to detect it before a human does it. So if companies use expensive hardware, smart IoT devices will help them prevent breakages and maintain it properly.
Blockchain and IoT
And data again takes its honorable place. Since IoT works with data, and this data is transferred from one channel to another, it should be protected enough. Blockchain will help you implement encryption and proper protection.
Blockchain is a decentralized technology that divides information into blocks. It is impossible to hack or change it because it is not stored in one cloud – it is distributed around the whole chain. At the same time, the process of blockchain integration is entirely transparent.
So these three influential trends will enhance your Internet of Things chain, no matter what business type you own.
IoT Business Ideas: Application to 3 Sectors
We will list a few popular business sectors where you can apply IoT successfully, and we provide you with ideas to implement it.
Healthcare and Fitness
Many people use fitness wristbands that track how many calories were burnt, steps taken, heart rate, and so on. Wristbands send all information to the smartphone, and everything can be stored on the cloud. However, IoT makes it possible to send data about your health condition directly to a doctor or if something goes wrong – it even can call 911 automatically. So if you plan to create a fitness app, you can improve it and augment with the IoT chain. Also, a fitness tracker tracks the number of calories burnt and syncs this info with a smart refrigerator. In turn, a refrigerator provides a user with information with available products.
Industrial Internet of Things
If you own a factory and you need to equip it with modern technologies to make sure that everything works properly, IoT will help you implement it. You can install different sensors around the factory’s equipment to monitor its condition and find out about any problem before it happens. Industrial IoT also may help save human health and life since any breakage won’t harm them unexpectedly.
Smart City Using IoT
This sector has just numerous ways of application, and we will list a few of them.
Solar roads. Solar panels with displays may be installed along the way, and they will notify users about road conditions, traffic jams, accidents, and so on. At night, such panels will help navigate and ensure safe traffic.
Traffic controllers. Such controllers help predict dangerous situations on roads, calculate the number of cars, and show alternative routes if there is a traffic jam on their drive.
Smart bus stops. Such stops may turn on/off air conditioning or heating when there are people or when a bus stop is empty. Also, there is a smart lighting and notification system.
IoT capabilities are limitless, and any business can be modified and improved to provide users with reliable service quality. That is why you need to keep up with IoT trends in 2019 if you want to remain competitive and provide up-to-date services. We hope this guide makes real use for you!
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