Future Trends of IoT
Ahmed Banafa · River Publishers eBooks · 2022
Internet of Things (IoT) technology continues to evolve at an incredibly rapid pace. Although the adoption of IoT will be large, it will most likely be slow. The hurdles facing IoT standardization can be divided into four categories: platform, connectivity, business model and killer applications. Evans Data states that 92% of IoT developers say that security will continue to be an issue in the future. Security undoubtedly is a major concern, and vulnerabilities need to be addressed. Blockchain works by enhancing trustful engagements in a secured, accelerated and transparent pattern of transactions. Fog computing allows computing, decision-making and action-taking to happen via IoT devices and only pushes relevant data to the cloud. Amalgamation of IoT data analytics with AI for applications ranging from elevator maintenance to smart homes will progress rapidly over the coming 2 years. Transformational business models will develop in many IoT verticals over 2018-2019, supported by Big Data and AI tools.