The IoT market is one of the fastest-growing markets in our society today. In 2021, IoT spending grew 22.4% to $158 billion. The connectivity of “smart” objects is changing our quality of life faster than we may recognize.
Following IoT trends show us that these devices are being used in more than just our personal speakers and televisions. Major industries are adopting technology to improve their systems. The future of connected devices shows promising integrations in healthcare, retail, security, and more.
Continue reading to learn more about the top 3 IoT trends that are revolutionizing the way we work and live.
What Is the Internet of Things (IoT)?
The Internet of Things is a concept referring to a network of physical devices that pair with an IP address and sensors to collect and utilize data. A group of devices connects to one network to communicate their collected data and manage processes.
Devices that are commonly utilized as IoT devices include:
- Barcode readers
- Wearable devices
Many of these devices are integrated into major systems to reduce the need for intermediaries that can misread or even lose data.
1. IoT Trends in Healthcare
One of the most influential IoT trends is seen in healthcare. The industry has adopted IoT devices in its protocol religiously, especially in the last few years. The use of IoT allows practitioners to observe social distance and collect vital patient data.
Sensors can read and communicate a person’s temperature directly to a hospital’s network. Blood pressure and heart rate monitors allow nurses to collect information without having to physically record it. And IoT defibrillators can track a patient’s vitals and automatically activate them in case of sudden cardiac arrest.
2. Blockchain Technology in IoT
The more we see IoT objects integrated into the home and workplace, the more access points there are for potential hacks. IoT objects collect our personal data, but they don’t know how to protect it. That makes data security a high priority when utilizing them.
Recently, there are tests involving the use of blockchain technology with IoT objects. Blockchains create a decentralized and encrypted network, storing data on a public ledger. These ledgers are nearly impossible to alter, protecting any data that our IoT objects collect.
3. IoT Manufacturing Trends
We’re seeing IoT and robotics utilized more and more to increase the efficiency of production. Sensors on machinery can accurately predict when parts need replacing, not only keeping production flowing but also increasing worker safety.
Progressive business owners see this fourth industrial revolution change the way manufacturing is handled. With the aspects of their factories connected, managers can make more informed decisions, keep processes running efficiently, and prevent issues instead of fixing them.
More IoT Insights
The IoT predictions above only cover the surface of the way this technology is influencing our lifestyle.
For more IoT trends, as well as developments in blockchain, virtual reality, and other technology, check out our Business and Finance section.