Internet of Things technology has grown to an extent where every industry vertical is utilizing it to automate operations or revise workflow. With the rising dependency on IoT connected devices, it would be exciting to see how this technology takes shape in the year 2020. Will 2020 be a revolutionary year for IoT? Or will some other technology replace it? Let’s know about top IoT trends that are set to rule the New Year 2020.
As per a recent survey from Juniper Research, there are over 38 Billion Units by 2020 globally and the number is bound to reach new limit in 2020. These numbers are a strong indication of steady growth of IoT concept backed by lots of investment and widespread adoption in major industries. With the rise in IoT and connected devices, the issues of security and data breach will raise more concerns.
Will 2020 maintain balance between risks and advantages of IoT?
No matter where you fall on the IoT adoption curve, it is worth knowing about emerging trends in IOT 2020 to learn about different technologies complimenting IoT and its integration into existing systems.
1. IoT at Core of Enterprise IT Operations
Majority of enterprises today use the IoT ecosystem connecting smart devices to drive their digital business. This integration of IoT into core system operations would increase and penetrate into micro-level to automate certain functions and improve overall productivity.
In the next 5 years, IoT will be the next norm in enterprises where devices and appliances like vehicles and HVAC systems can be controlled and monitored remotely. ‘IoT at the core of enterprises’ is the first and foremost IoT trend set to rule in 2020.
2. Stronger IoT Impressions in Retail, Healthcare & Supply Chain
The concept of IoT would grow to explore its usage in different arenas. This being the most obvious prediction of IoT trend, industries of retail, healthcare and supply chain industries will likely see the greatest growth. Retail industry is redefining customer experience with IoT in combination with AI and Beacons.
Healthcare industry is using IoT to manage hospital systems and would help in connecting remotely located patients with doctors and nurses. Integration with smart watches and other wearables would grow in the coming year.
3. Wider Connectivity Options
IoT experts are exploring new connectivity options, one of them being Low-Power Wide Area Networks (LPWAN). Internet of Things would spread its wings in 2020 to reach low connectivity areas with technologies like Narrowband IoT that allow for widespread network coverage at a low cost.
Digging deeper into LPWAN can bring in a new wave of growth to open IoT technology for applications that have not previously benefited from connectivity. IoT trend of wider connectivity can set the path for new technological advancements.
4. Addressing Security Concerns
Security is the biggest concern affecting IoT powered systems. As IoT controls remote accessibility and gives rise to fragmentation, there are higher chances of compromising system security. 2020 will see rise of more secured systems that addresses complex network security challenges. New Year will witness the emergence of a secured connected ecosystem of multiple smart devices. This IoT trend would solve challenges of automated systems and reduce associated risks.
5. IoT & Blockchain
The distributed ledger technology of Blockchain plays a pivotal role in enhancing the security of communication between devices connected in the IoT ecosystem. The long existing problem of IoT security now sees a ray of hope with Blockchain technology.
Blockchain has the potential to transform the way we think about IoT security. 2020 would see a host of opportunities coming from Blockchain to address security related concerns of IoT systems.
6. IoT & AI
IoT and AI have evolved over the years as independent segments; however the convergence of these 2 revolutionary technologies has brought forth the potential to redefine the standards of automation. While the utility of these technologies has remained largely tethered to another device, now they are coming together to the common ‘mobile’ platform.
Advancements in machine, deep learning and natural language processing are redefining how we interact with machines. Users can imply talk to best IoT devices through devices powered by artificial intelligence. 2020 will see an enormous use of AI and Chatbots that would be well complimented by IoT to establish a synchronized and automated environment. It would be interesting to see the magic of this IoT trend in 2020.
7. Big Data
Big data, no list of futuristic trends is complete without the mention of Big Data. The Big Data phenomenon is here to improvise iOS app growth acceleration in 2020. The integration of Big data aids developers to build stable, strong, and scalable iOS apps which carry the potential to boost user growth and also boost business.
The year 2020 will see greater use of Big Data tools that could fetch the most relevant data from a large pool as and when required. Deriving insights from Big Data would take a new shape in 2020.
8. Augmented Reality
It is no surprise that Augmented and Virtual Reality are among the next iOS app trends in 2020. They have been around for quite a time now and have been catching up with app developers and entrepreneurs looking to expand their diaspora. The last couple of years have seen a rise in the obsession with AR games like Pokémon Go and Dino Trek.
Apps like IKEA are harnessing the power of AR to provide unmatched customer experience. In the coming years, AR applications are likely to become mainstream pertaining to their abilities in marketing, healthcare, and other major industries.
Currently Apple offers various tools to create Augmented Reality experiences. They are:
- ARKit 3: A great technology which enables showing content in front of or behind people, following up to three faces at a time.
- Reality Composer: A tool which allows for developing animations and interactions on iOS to improve an application’s content.
- RealityKit framework: This framework uses data provided by ARKit and lets developers integrate virtual items into the real world.
9. Apple Pay
The expansion of online banking standards and rapid growth in eCommerce have largely contributed to the excellent creation of online payment options available to all consumers today. The use of the mobile wallet is at an all-time high across the globe, so much so that most people consider it as a default payment option. They are not willing to pay for their purchases in cash or to type in our wallet.
With the brilliance of combining payment gateways with Apple pay–Mobile Wallet program, the developers at Apple made payment processing easier and faster. Apple Pay is extremely safe and it removes the need for user-saved data. Data says that 200 percent of the total payment made via the Apple payment gateway is expected to rise. Apple has started promoting the peer-to-peer gateway network for payment across its customers.
This is one of the most powerful technologies from Apple. And it is getting increasingly popular in marketing. So, what is iBeacon from Apple? Beacons are wireless transmitters which send signals using Bluetooth technology. Once the connection has been established, a push notification with set message appears on the user’s iPhone.
Today, if a potential buyer is passing by the clothing store, as soon as customers pass by the shop, sensors placed inside the store connect to the smartphone and send a notification on her mobile about ongoing discounts, offers, and any information that the store owner wants the customer to see.
This particular trend has changed the retail industry and boosted sales, and is not stopping anytime soon. As an example, the US departmental store Macy’s has been using iBeacon technology for a long time now. Customers receive notifications about exciting deals and goods that they may be interested in whenever they pass by one of the Macy’s stores.
Internet of Things would grow much more than a mere buzzword. Several industries that adapt to IoT trends would improve workplace productivity to maximize applications. It could be conveniently said that ‘2020 will be the year of technology’.