The Internet of Things will soon be used everywhere, from controlling the lights in your yard to factories making rocket engines. Surprisingly, IoT is being implemented most actively in housing and communal services – yes, utility workers do not only print rent receipts.
Which industries will also be affected by changes, in which countries the Internet of Things will appear faster, how IoT is combined with machine learning, AI, and blockchain, and what else to expect from intelligent sensors – in our digest?
Table of Contents
Industrial IoT Has Overtaken The Conventional Internet Of Things
Its growth has been hampered by the need for more suitable technologies and low trust in the Internet of Things.
However, IoT technologies have now become much safer and more accessible. This will be an impetus for implementing industrial IoT concepts, which were previously only projects. The Internet of Things will help improve essential business processes: asset tracking, data collection, business model building, etc.”
Artificial Intelligence Will Replace The Call Centers Of IoT Providers
This is due to the growth in connected devices and Internet of Things services. This is why conventional call centers of IoT system supply companies cannot service all incoming calls and letters.
Artificial intelligence will be a technology that automatically solves problems in real time or provides valuable recommendations to resolve the issue yourself. AI will use smart speakers, voice assistants, and smartphones to communicate with users.”
The Volume Of Data From IoT Devices Will Increase, So Their Processing Will “Go” To The Cloud
“IoT technologies will develop together with cloud technologies, that is, cloud platforms, thanks to which users of the industrial Internet of things can more easily integrate it into business processes and obtain reliable data.
The following development vectors can be distinguished:
- IoT platforms will become suppliers of reliable big data for machine learning engines, based on which new business hypotheses can be found, or predictive strategies can be built, for example, planning actions that help increase profits or the number of customers.
- Every year, consumer devices become smaller and cheaper while they collect more and more data.
Vertically integrated cloud M2M solutions based on IoT and other technologies will appear. This will allow you to obtain ready-made cloud IoT services and save on developing unique platforms; implementing industrial Internet of Things systems will be faster and cheaper. “
Industrial IoT Will Be Implemented On A Global Scale In Hundreds Of Factories Around The World
“Industrial IoT will go beyond pilot projects; such solutions will begin to be implemented globally. Over the past few years, many Fortune 500 companies, such as Mitsubishi, have piloted IoT projects, and the processes will now move into production. The implementation of IoT usually begins at one plant; now it’s time to scale up developments to dozens and hundreds of factories around the world.
Also, manufacturing companies continue to move towards the implementation of third-party clouds. Thus, integrating Industrial Internet of Things devices and clouds is becoming increasingly important.”
Companies Will Learn To Extract Value From More Than Just The Apparent Data From IoT Devices
“Every year, industrial IoT devices will create more and more data. Using 5G will allow data to be collected more often and transferred for processing in larger volumes. Storing vast amounts of data is only possible in the cloud, so companies will move to hybrid clouds.
In addition, the way we use data will change. Collecting and analyzing data across all production processes or supply chains will allow us to understand better where problems arise and prevent them promptly.”
Intelligent Buildings Are Getting Smarter Every Month: They Control Lighting, Microclimate, And Warn Of Danger
Historically, building maintenance focused on solving problems after they occurred. Now that IoT and cloud technologies are combined on a single platform, the time has come to implement predictive analytics. That is, based on sensor data, you can understand where problems will arise and eliminate them in advance.”
5G Will Make Fantastic Cities Of The Future A Reality
These include CCTV cameras, efficient traffic management, intelligent street lighting, garbage collection, and immediate response buttons for emergencies. What was impossible a year or two ago will become a reality this year.”
Also Read: 4 Key Ideas On CIO Leadership In Industry 5.0, Innovation And Ai
