According to Gartner’s report,
Trending on the global front for some time now, IoT is steadily growing in popularity. So keeping up with the gists of IoT, we've rounded up a list of the top 5 trends flowing in the world of IoT today.
Device issues; data theft and device hacking, these are the primary concerns involved with IoT today, and the stakes are higher than ever. Think of self-drive cars, for instance, you're driving around on the streets and someone tampers with your car system, there you go, end of the world for you. According to Marchany, "Physical security is the biggest complication with IoT devices since the devices are kept or held out in the open and anyone can access these devices physically."
The same goes for your home security as well.
Q. How convenient would that be for someone to break into your house?
Well, concerns are plenty and answers limited. But IoT security comes up with one of the most promising solutions to date. With a promising ability to block tampered devices and provide strong protection, Blockchain technology shuts down devices in case of any tampering, eventually providing a far secure platform for use.
Data selling is certainly at the helm today with more and more companies pushing forward to interact with information that was virtually non-existent previously. Over the years, companies have realized the importance of creating separate marketplaces for data selling.
The question is, why?
Well, to put it in a simplified form, the “data-as-a-service” (DaaS) offers a rapidly growing market to companies where they buy and sell the vital data. But selling IoT data using DaaS might not be the ideal approach. So it’s no surprise to see the innovators coming up with separate marketplaces for the buying and selling of data.
We’re all aware of the opportunities accessible in cities, right? People moving to cities for better prospects of growth isn’t a new concept, and with forward-thinking cities adopting IoT technologies to make their communities smarter, a more diverse lifestyle is around the corner.
But how exactly are IoT devices helping in creating cities smarter?
As smart as they are, IoT devices use ultra innovative sensors and meters to collect data and use the acquired information to build better infrastructure while offering necessary public services, which eventually helps build a better and smarter city as a whole.
Here’s a take of some facts for you:
If cities are becoming smarter, why shouldn’t our homes?
Now where IoT devices are creating “smart cities,” they are also bound to create “smart homes.” Setting up and controlling innovative devices and appliances through the internet is now possible. Take some examples…
IoT devices allow retailers to analyze how much the consumers use a specific product or a small shopkeeper or showroom owner can know the number of customers entering the store every day by simply collecting the data.
All of this information lets businesses decide which products will attract the customers more and help them in bringing innovation in their products.
Here are some ways in which it is done:
With numerous features and ease of working, presents ample benefits to consumers, and has the potential to change the ways in which consumers interact with technology.
Looking at the positive responses on behalf of IoT, we can predictively see IoT devices becoming a huge component of our day-to-day lives, where human and machine work hand-in-hand.