IoT Applications for Healthcare Providers

CARRIE COSGROVE | November 28, 2018

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Futurists look toward healthcare with a keen eye when it comes to the uptake of IoT in industries. It has collected a reputation of being traditional, difficult to penetrate, and wildly siloed. At first, it may seem like the least ideal environment for IoT. Dig a little further and—voila—it becomes clear that the healthcare industry has nearly innumerable opportunities for innovation through IoT. So many opportunities exist that there’s a name for the segment of IoT specifically dedicated to health tech: Internet of Medical Things (IoMT.) As I mentioned in the first post in my healthcare series, the United States’ healthcare industry comprises many different stakeholders, whose reasons for adopting IoMT will be quite different. For example, whereas a health insurer will use biometric data gathered from connected devices like heart rate monitors to underwrite insurance rates, healthcare providers may use IoT when evaluating care plans. This post will focus on the applications of IoMT for the latter.

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5 IoT Trends for Marketers to Watch in 2021

Article | January 29, 2021

The COVID-19 pandemic turned the tides towards remote work and virtual connectivity. And even though growth seemed to have slowed down in 2020, experts see double-digit growth in the next few years. The tides may be turning but virtual connectivity and the tools required for remote growth are not slowing down in demand. As the tech world adapts to new shifts, IoT is among one of the most anticipated technologies to prosper in 2021. Digital transformation has rapidly accelerated in the past year and if the experts are to be believed, 2021 shows promise for an even better year for technological advancement. According to IDC’s 2020-2024 forecast, spending will reach an annual growth rate of 11.3 percent. And with this, the number of connected devices is likely to grow up. Take a look at what will be the focus of IoT industry trends in 2021. Privacy & Security As smart homes are becoming the norm and you cannot throw a stone without hitting a smart device, one thing is clear—IoT devices are everywhere. People almost always forget smartphones when talking about IoT devices, but the fact is that smartphones are very much a part of the IoT ecosystem. And with the infusion of IoT in our everyday lives, questions about privacy and security are cropping up. Just recently, as WhatsApp announced its new privacy policy, millions of users planned to migrate to other alternatives. This led to WhatsApp pushing back its privacy update and tech businesses taking note of changing winds. In 2021, privacy and security will be at the forefront of IoT industry trends, as devices infuse further into the everyday lives of people. According to recent research, 90 percent of consumers lack confidence in IoT device security. And the onus of bolstering consumer confidence will be up to IoT businesses. Workforce Management According to Gartner’s “Top Strategic Technology Trends For 2021” report, IoT will be a large part of the office experience in 2021. As businesses are trying to avoid the losses that occurred in early 2020, workplaces are being geared up with RFID tags, sensors, and monitors to ensure social distancing measures, whether employees are wearing masks and overall health monitoring. Additionally, many organizations have decided to move permanently to a remote mode and will rely more on IoT devices for connectivity. So we can expect better automated scheduling and calendar tools, more interactive video conferencing, and virtual meeting technology. In the case of fieldwork, IoT will offer an added factor of monitoring behavior. Greener IoT Experts predict that energy will be a crucial factor in the IoT industry trends in 2021. With smart grids, metering, and restoration resilience being powered by IoT, 2021 will move towards optimized energy consumption and devices that are designed to encourage energy-friendly practices. What’s more? Smart engines and automobiles can be optimized to reduce their carbon footprint and become energy-friendly. As evidenced by the Paris summit and the wildfires in 2020, the world is becoming ecologically conscious. IoT devices in 2021 will focus heavily on reduced emissions, lowering air and ocean pollution, and minimizing power expenditure. Location Data As COVID-19 limited human interaction, location-based services soared during the pandemic. Businesses started leveraging location data to offer curbside pickup, virtual queues, and check-ins for reservations to enhance the customer experience during the pandemic. According to experts, the use of location data will continue to be crucial for customer service and convenience in 2021. As people prefer being safe even as the vaccines are being delivered, location data will allow businesses to cater to their customers without compromising on customer or employee safety. Digital twins IoT is being helmed as the perfect technology partner for creating digital twins in many industries. As IoT collects a large amount of data through physical devices, this data can be reinterpreted to create the perfect digital twins. Also, IoT can offer visibility into the full product life cycle and unfold deeper operational intelligence. Companies like Siemens are already leveraging technologies like AIoT to design and create digital twins for product design and production. Coupled with AI, IoT will be used more commonly for creating digital twins in 2021. A technology as dynamic as IoT can be leveraged for almost any application. Therefore, it may surprise us all in the way it progresses in 2021. However, experts believe that the above 5 IoT industry trends will rule 2021 for sure. Frequently Asked Questions What are the latest IoT industry trends? The use of IoT in Healthcare, Artificial Intelligence, workforce management, and ecological conservation can be deemed as some of the latest trends in IoT. What is the future scope of IoT? As experts believe there will be over 85 billion connected devices by the end of 2021, and the numbers are promising for upcoming years, we can safely say that the future of IoT is indeed bright. What industries are most likely to use the Internet of things technology? IoT is a dynamic technology with applications in almost every industry. 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5 Things to Know About the IoT Platforms Market

Article | January 29, 2021

5 years ago, when we forecasted that the IoT platforms market would have a 5-year compound annual growth rate (CAGR) of 35%, we wondered if our growth projection was unrealistically high. 5 years later, it has become apparent that the forecast was actually too low. The IoT Platforms market between 2015 and 2020 grew to be $800 million larger than we forecasted back in early 2016, resulting in a staggering 48% CAGR. Comparing what we “knew” back in 2016 to what we know today provides some clues as to why the market exceeded expectations so much. 5 years ago, no one really knew what an IoT platform was, let alone how big the market would be, which business models would work, how architectures would evolve, and which companies/industries would adopt them. The only thing that was “known” was that the IoT platforms market was a billion dollar “blue ocean” opportunity ready to be captured by innovative companies.

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Microsoft Introduces Seamless Integration of Azure IoT with Cisco IoT

Article | January 29, 2021

An integrated Azure IoT solution provides the necessary software, hardware, and cloud services that businesses need to rapidly launch IoT initiatives and quickly realize business value. Using software-based intelligence pre-loaded onto Cisco IoT network devices, telemetry data pipelines from industry-standard protocols, like OPC-Unified Architecture (OPC-UA) and Modbus, can be easily established using a UI directly into Azure IoT Hub. Services, like Microsoft Azure Stream Analytics, Microsoft Azure Machine Learning, and Microsoft Azure Notification Hub services, can be used to build IoT applications for the enterprise. Additional telemetry processing is also supported by Cisco through local scripts developed in Microsoft Visual Studio, where filtered data can also be uploaded directly into Azure IoT Hub. This collaboration provides customers with a fully integrated solution that will give access to design tools, global connectivity, advance analytics, and cognitive services for analyzing IoT data.

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Make Room For Public Clouds In Your Industrial IoT Strategy

Article | January 29, 2021

Not too long ago, executives from manufacturing and related industries would not consider running their internet of things (IoT) initiatives from a cloud. Now? It’s hard to find one who doesn’t enthusiastically embrace some role for the public cloud. Makers of industrial IoT (IIoT) software platforms have undergone a similar change of heart, pivoting from making grand plans for multibillion-dollar global data center rollouts to wholeheartedly partnering with one or more of the hyperscale public clouds. So far, so simple: Public cloud is definitely now part of the industrial IoT story. But there are a multitude of ways to use a public cloud, from just installing your own software there to fully integrating with all of the cloud, development, and IoT services that the hyperscale public cloud platforms increasingly offer. I explore this range of options in my latest report, “Hyperscale Public Clouds Power Your Industrial IoT Future,” and shall be discussing the issues in a client webinar on March 31.

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