The state of IoT emerging technology
The rate of digitalisation means everyone should be interested in IoT emerging technologies and the roles they play in our homes, businesses, and cities. 75% of all devices are expected to be IoT by 2030. This is a trend that is poised to power widespread change in our lives. Here is an update on technology trends in 2023.
What is the impact of emerging technologies in IoT?
The events of the past decade have inspired leaders, industry, and business owners to rethink how they do things – and technology as a tool is accelerating change and streamlining our lives.
IoT has never held greater relevance. As the technology becomes more accessible, affordable, and easily integrable into existing workflows and systems, so individuals and businesses are reaping the benefits of a more connected world. Through the collection of real-time data, there is potential to thrive.
In the context of climate change concerns, the analysis of data is the best way to monitor usage, identify areas of wastage and potential savings, and gauge the effectiveness of changes. The result is a pragmatic approach to sustainable resource preservation and optimisation, as well as waste reduction and management.
Data also provides agility to adjust to changes with minimal disruption. Within our cities, leaders and authorities are empowered to plan around growing populations and ensure service delivery through monitoring, strategy, and modelling.
In business and industry, the emergence of IoT is setting new thresholds of competitiveness. A granular view of operations empowers optimisation and is the cornerstone of long-term strategic advantage. In its simplest form, it provides insights that allow leaders to innovate to improve productivity, mitigate risk, reduce waste, and map the future.
Emerging IoT applications
The nature of IoT means it has the potential to be deployed anywhere. From remote locations to complex multi-site operations, IoT is guiding digital transformation, simplifying processes, and unifying information sources to powerful effect.
IoT Emerging Technology and Real-Time Data Processing
This trend is probably nothing new, but its expansion is something to watch. With the growth in the number of devices, the number of connections and the innovations around they are utilised grows too.
McKinsey posits the ‘current era of connectivity, advanced analytics, automation, and advanced-manufacturing technology’ as the Fourth Industrial Revolution. IoT features prominently amidst disrupting technologies here. As IoT provides solutions to challenges through smart buildings, smart utilities, smart cities, smart asset management, and precision agriculture for example, so the model becomes replicable for implementation around the world.
World leaders and policymakers face the challenges of planning around growing populations and, with them, growing urbanisation and other residual pressures such as food security, healthcare, and city planning.
Our cities are an important sustainable development focal point and IoT is helping to set the benchmarks and build a roadmap for smart cities of the future. Smart cities are set to be more interactive with the people who live in them. Successful models have been deployed around the world and are pioneering scalable and replicable processes that could typify cities of the future.
An example of these processes include congestion alleviation by monitoring roads and public transport routes and adapting to issues in real time. Another example is optimised smart waste management. This not only keeps unnecessary waste vans off our roads and removes unnecessary emissions, but reacts to full bins and other pre-programmable criteria in response to alerts.
As populations grow, the use of digital twins allow for low-impact city planning processes and strategic insights. Smart air quality monitoring will ensure that, as city numbers grow, the effect of pollution is managed for the wellbeing of citizens. Healthcare asset tracking will also manage the provision of equipment and personnel as needed to meet the healthcare needs within cities.
Larger cities also have a heightened burden when it comes to security and smart security provisions meet these challenges to safeguard people within cities.
IoT-Driven Automations and AI
Two way IoT technologies that monitor processes and have the ability to respond to shifts in data patterns complement AI and automation. By increasing the data used for automation processes, we are supporting the creation of intelligent machine learning.
As the adoption of IoT devices and processes grows, so too do the cyber threats posed to individuals, businesses, and organisations. As stakeholders work to develop consistent regulation, cybersecurity is an area to watch when it comes to IoT emerging technology.
This is where zero-trust architecture comes to the fore. Orion, The Real-Time Data Network™ from Smarter Technologies Group has an holistic approach to security that has features to control user access, prevent unauthorised entry, and prevent lateral movement within the network should defences be permeated.
As the move towards cloud computing becomes the norm, these network considerations – and the growing regulation around them – are going to take on new prominence for individuals, businesses, and adopters of smart solutions.
Edge and Cloud Computing
Edge computing is a system whereby data is processed as close to the source of that data as possible. As the collection of enormous amounts of data becomes commonplace, the effectiveness of processing this data can be unhinged by bandwidth, latency, and network challenges. IT architects designed edge computing in response to this evolution, which is closely related to cloud and fog computing.
With edge computing, analysis takes place close to the source of collection – at the edge. Processed data is then communicated for insight, action, and response.
Cloud computing processes and stores data at a specified location, providing a centralised location that is well-suited to IoT processes. Cloud computing has the capacity to perform complex analytics and provides benefits around scalability, cost-effectiveness, and security.
The future starts now with IoT emerging technology
Smart technologies provide exciting opportunities for improved productivity and yield, streamlined and more sustainable processed, reduced risk and waste. The key to strategic insight lies within data. At the rate of adoption of IoT smart technologies, the future is set to feature entrenched IoT processes.
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