Where Does IoT Go From Here?
The Internet of Things (IoT) is always evolving, but there are some innovations that deserve more attention than others. Here is a look at the areas within IoT that will be the biggest game-changers moving forward.
Two of the most pressing concerns in the Internet of Things are market regulation and consumer privacy matters. As corporate data breaches continue to make headlines – like the famous Equifax breach that put millions of Americans’ personal data at risk – regulators will have a hard time ignoring IoT and new products and services will have to meet much more stringent standards. This could mean additional costs in terms of gadget security, data management and security infrastructure.
The Increasing Prevalence of Sensors
Sensors play a vital role in the Internet of Things, with millions of them already embedded in various products and collecting data that is used to improve products and business decisions. In fact, the sensor market in IoT is predicted to be worth $27 billion by the year 2022, and the industry that supplies such sensors and the coding used to power them will only continue to grow in number as well as monetary value. Moreover, as sensory technology is refined, devices connect to the IoT will gain the ability to gather more data more affordably in less time and also to organize it better.
Machine learning and IoT are two powerful forces on their own, but combined, they have even greater potential. With top firms like Microsoft and Google now making huge investments in machine learning and artificial intelligence, it’s likely that we are only seeing a small glimpse of what is in store in this regard. The IoT of the future will be determined to a great degree by those controlling the very best machine learning and data analytics to keep up with the data that the growing IoT must contend with.
This blog post was based off of an article from Network World. View the original here.