The Internet of Things (IoT) is a network of sensors, devices, tools, services, people and organizations that are able to connect, exchange information and communicate with each other. Only a few years ago, this fast-growing force was just a futuristic buzzword. Since the IoT has become reality, it has transformed many industrial sectors, providing them with diverse data. Using this data, a company can offer new services, build new applications and improve its efficiency.
With vibrant technological development, the healthcare industry has been evolving rapidly. Modern medical equipment and procedures are much different from what they were some 20 years ago. Advances in artificial intelligence (AI) have significantly contributed to the changes, and are likely to influence the industry even more in the near future.
The ever-growing use of smart devices has already influenced all aspects of human life and has triggered the emergence of the smart home. Existing solutions embrace a wide range of technologies such as entertainment, security, utilities, lighting, energy management and more. Other sectors will soon come on board, while the global smart home market is predicted to accumulate $53.45 billion by 2022.
Businesses are more actively adopting the Internet of Things. The data driven by the connected devices can create efficiencies and bring your company to the next level.
A trend is a regular change in processes, conditions, data, projects, etc. To follow a trend, you must be aware of the current situation and be able to predict the changes in the near future.
As-a-service business offerings are changing business models with the Internet of Things. The one that started it all, SaaS, Software-as-a-Service, is now joined by IaaS and PaaS. Are these acronyms ringing any [service] bells?
The number of conferences, congresses, exhibitions, seminars and other events related to the Internet of Things is growing each year. Their geographic scope and scale are expanding as well. This can be explained by the fact that the IoT market is evolving: many industries deploy IoT projects; various products are being modernized and reshaped using smart technologies; people prefer utilizing connected devices in everyday life for communication, entertainment, healthcare, etc. Moreover, there are serious security challenges that occur together with these innovations.
The Internet of Things is penetrating every aspect of our daily life. IoT phenomenon is already around us: it is made up of the ordinary objects we use at home, at work or in the streets. The difference is that all these objects and devices are computerized. They have embedded network connectivity, can communicate with phones and other gadgets, get information and remain under control.
As the trend for IoT domination continues, we are always on the lookout for the coolest new products to hit the market. Not only are these projects interesting to read about, but they also serve as inspiration for startups and even big market players that still innovate and bring new products to market. This list does not include the most popular new IoT products, but rather the ones we think not only demonstrate the current trends, but also bring more attention to fascinating inventions created by new businesses.