Technology & Innovation

07 Feb 2021

IoT – re-engineering businesses for efficiency


These technologies affect nearly all the existing industries: healthcare, insurance, smart buildings, manufacturing, transportation & logistics, retailing, and more.

IoT (Internet of Things) is one of the most exciting trends and innovation in the recent history of technological advancement. The advances in computer hardware, embedded system devices, networking devices, display devices, control devices, software enhancements among many others including the rolling out of 5G throughout the globe means that there are now a growing influx of IoT based application solutions in diversified domains from health care to public safety, from assembly line scheduling to manufacturing and various other technological domains.

In Gartner’s new e-book on Top Strategic Tech Trends for 2021, they noted that for those who are not working remotely, workplaces of the future will evolve in response to the pandemic regardless of whether they’re offices for knowledge workers or automobile manufacturing plants. The changes will include the adoption of remote support technologies using mobile devices. Contactless and password-less interactions using Internet of Things sensors, smart cards enabled by NFC and wearables will become the norm for mundane transactions such as unlocking physical access to restricted spaces, and operating elevators or vending machines

What changes need to be incorporated depends by far on what devices you are focusing on, what size your target market is, and, most importantly, what industry you operate in. Even though some general IoT current trends are quite visible across all the industries, the industry-specific predictions should not be overlooked. Be it the 2020 industrial IoT trends like the ones peculiar to manufacturing, or those that are attributed to the healthcare or transportation industries.

For the needs of the healthcare industry, the most in-demand areas of IoT technology adoption range from remote patient monitoring with the help of wearable devices whose built-in sensors track patients’ conditions to optimisation of day-to-day operations in a hospital through medical equipment management and customer service facilitation or disease prevention and monitoring, which is enabled by mobile apps paired with IoT-based devices.

In transportation, investing in these technologies help transportation companies lower the cost of shipping or transporting and increase their operational efficiency. 

Increased selection of IoT solutions results in expanded data collection and transmission of all kinds of data. Better data analytics help to obtain essential and valuable insights. Managing and analysing this data serves the real added value that IoT can cause. Data analysis, Machine Learning, and Artificial Intelligence will play an increasingly significant and crucial role. These trends will not only provide effective processes to accomplish tasks but also support in making our lives easier and more convenient.

The growing grace of smart home devices using IoT is hard to refuse even by those who first rejected the technology of smart homes and later admitted them as a blessing. The voice-recognition algorithms are now  reliable enough and performing. So, the devices provided with voice user interface are spreading quickly, thanks to its affordable costs. Their common distribution serves an important operator in the selection of home automation and smart home solutions as these devices can become the access hub for loads of services suitable for any home environment

In the city environment, the services that people use can be significantly progressed, thanks to the IoT solutions now available on the market. Pioneer cities in this area are revealing how much value the Internet of Things is creating and many other cities are since following their example. The integration of IoT with responsive cities will bring benefits for all. It will cover a track by providing ways for sustainable growth. It will also ensure reduced traffic obstruction and improved security within the city.

One way or another, industry specific IoT trends are part of the future universal trends in growing IoT applications.