Future
By: Mike Makuszak
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Direction of IoT
Direction of IoT
The market for IoT devices has grown incredibly since their inception, and this trend is not looking to slow down in the future. By 2030, the IoT market is expecting to see a 50% increase in total devices (20B -> 29.7B).
Artificial Intelligence Integration
Artificial Intelligence Integration
Like many industries, advancement in Artificial Intelligence (AI) has led to enormous opportunity for strengthening the technologies existing capabilities.
One of the major opportunity areas is user data collection and analysis. IoT devices are only provide value if they identify areas to help the user complete a task or make their life more convenient. AI expands the areas that technology companies can collect data on their users' everyday habits to find more opportunities for IoT value creation.
Advanced Sensors
Advanced Sensors
Sensor technology is critical to many IoT devices, and as sensors become more advanced, IoT is not far behind. Research by Gartner is predicting very large advancements in sensors largely led by the automation revolution. More innovative sensors mean advanced or entirely new use cases for IoT to serve humans in their daily lives. Some examples of where you find sensors in IoT devices include automatically filling water fountains on smart refrigerators, backup cameras connected to your vehicles Apple CarPlay, or automatic dimming on your laptop screen when you change room lighting.
Future Government Policy
Future Government Policy
When IoT devices were first introduced, they were rapidly adopted for the convenience that they offered. However, this resulted in a lack of security testing and security expectations which has resulted in my privacy breeches through these devices since their adoption.
Looking ahead, the US Government is anticipating policies that outline minimum security requirements and standards that all future IoT devices developed must follow to be sold to US consumers. The objective is to protect privacy and data not only on a personal level, but also from a national security perspective.
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