LTE Prepares for the IoT Age

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The Internet of Things (IoT) is perhaps the most buzzed-about opportunity out there when it comes to wireless, and no wonder: Over the past decade, digital technologies have begun to blanket our lives, forming the backbone of a large, intelligent infrastructure that can support, in theory, billions of new connected devices. And as traditional mobile broadband subscriptions reach the saturation point in the U.S. and other developed markets, connecting things rather than people opens up potentially lucrative new revenue streams to keep business growing. But the IoT isn’t a one-size fits all proposition, nor are the traditional wireless players the only ones interested in exploring that landscape. To address the market successfully, mobile network operators (MNOs) are looking at a cornucopia of new LTE standards that will allow them to optimize their IoT offerings to specific applications tweaking for metrics like cost-performance ratios and battery life. The growing technology standards arsenal ranges from EC-GSM to CAT M to 5G and beyond.

Spotlight

Blockchain of Things

Blockchain of Things created the first globally accessible blockchain enabled device network. It is now possible for devices to autonomously track and exchange assets, record proof of life in manufacturing, trigger logistical events to verify chain of custody, and communicate high value information. All on globally distributed, cryptographically secured ledgers, backed by the world’s largest computational network.

OTHER ARTICLES

How to Effectively Monitor Utility Usage With IoT for Maximum ROI

Article | March 3, 2020

Operating a utility business can be particularly difficult, especially when you’re trying to maximize ROI. In the water utility space, per capita water usage has decreased while the water itself has become more expensive to collect. Across utilities sectors, aging infrastructure takes a large cost to maintain and eventually update. Consumer expectations and regulations also can cut into ROI. As they should, people expect clean and safe water and a continuous supply of electricity. The driving factor in the utilities space is efficiency. Enter the smart water meter. For our IoT water management solution, we used Google Cloud Platform (GCP). GCP has various benefits for water management through its wide array of products. We will go over two important features of a water management IoT solution.

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From outside-in to inside-out: My take on IoT

Article | March 3, 2020

At IDC I co-founded a practice that studied the three dimensions of IoT: industry technology platforms, industry verticals and industry geographies. As an industry analyst, I had a front-row ticket to the IoT market and continually witnessed incredible innovations. Like many other experts, I kept my seatbelt buckled for what we expected to be IoT’s massive and dramatic take-off. While there has been uptake, real-world adoption and implementation have lagged the “hype.” In time, I found myself growing increasingly frustrated at the disconnect. What was the holdup? Knowing that industry analysts are beholden to the marketing messages that each company shares, I welcomed an opportunity to make the move from an outside-in analyst to an inside-out contributor.

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Artificial Intelligence Applications: Is Your Business Implementing AI Smartly?

Article | March 3, 2020

The book Design, Launch, and Scale IoT Services classifies the components of IoT services into technical modules. One of the most important of these is Artificial Intelligence (AI). This article is intended to supplement the book by providing insight into AI and its applications for IoT. After many years in the wilderness, AI is back on the hype curve and will change the world again. Or, will it? AI has always been interesting, but what has changed to justify the current hype? There are several contributing factors. The volumes of data that will be produced by many IoT services suggest that this data cannot be managed by humans with traditional analytics tools. Therefore, AI can offer opportunities for IoT services to extract maximum value from the data. IoT cloud platforms are now offering AI services via APIs and application development tools, making AI more accessible for many IoT services. Now, AI can be incorporated without requiring extensive development or excessive costs.

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5 IoT Trends for Marketers to Watch in 2021

Article | March 3, 2020

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. However, industries like healthcare, construction, manufacturing, tech, and resource management are most like to use IoT right now. { "@context": "https://schema.org", "@type": "FAQPage", "mainEntity": [{ "@type": "Question", "name": "What are the latest IoT industry trends?", "acceptedAnswer": { "@type": "Answer", "text": "The use of IoT in Healthcare, Artificial Intelligence, workforce management, and ecological conservation can be deemed as some of the latest trends in IoT." } },{ "@type": "Question", "name": "What is the future scope of IoT?", "acceptedAnswer": { "@type": "Answer", "text": "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." } },{ "@type": "Question", "name": "What industries are most likely to use the Internet of things technology?", "acceptedAnswer": { "@type": "Answer", "text": "IoT is a dynamic technology with applications in almost every industry. 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Spotlight

Blockchain of Things

Blockchain of Things created the first globally accessible blockchain enabled device network. It is now possible for devices to autonomously track and exchange assets, record proof of life in manufacturing, trigger logistical events to verify chain of custody, and communicate high value information. All on globally distributed, cryptographically secured ledgers, backed by the world’s largest computational network.

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