What is the Future of IoT

The Internet of Things is about extending the power of the internet beyond smartphones and computers to a wide range of things, processes, and environments. This has been growing over the years and it is going to grow even faster in the future. IoT is a system of interconnected computing devices, mechanical or digital machines, objects, or people that are provided with unique identifiers (UIDs). Also, it has the ability to transfer the data over the network without any need for human intervention.

There are various IoT devices are existing nowadays. It allows the users to communicate with the devices with the help of their smartphones, whether it’s a smart bulb or speaker. These devices offer more convenience to the users and made their life so simple and easy.

Future of IoT:

The following are some predictions about the future of the Internet of Things.

By the year 2025, it is estimated that there will be more than 21 billion IoT devices will be used by people from all around the world. By the year 2016, there were more than 4.7 billion IoT devices connected to the internet according to IoT analytics. This market gets increased to 11.6 billion IoT devices by the year 2021.

Many cities and companies will start using this IoT technology to save more time and money. This allows the cities to automate, remote manage, and collect data through various things like kiosks, camera surveillance systems, bike rental stations, taxis, etc. Consumers are not the only one who is using this IoT device. Smart cities use IoT sensors to collect data and generate insights for better management.

The rise of artificial intelligence will continue to become a bigger thing in the future by using IoT technologies. Artificial intelligence helps in providing the context and creativity to drive the intelligent actions from the collected data. Also, AI offers risk management such as detecting fraud behaviors in ATM machines, predicting driver insurance premiums based on driving patterns, reducing the maintenance time, and improving the overall maintenance costs.

Most consumer IoT devices are used in the home and can’t have security software installed on them. A lot of IoT hardware companies designed IoT products to provide more security. Routers will become more smarter and secure by using this IoT technology. It will provide password protection features, firewalls, the ability to configure them automatically, etc. A router is the only entry point of the internet to your home and this IoT technology uses this device to boost security.

Conclusion:

The future of the IoT is growing together with the emerging technology. It will continue to form the backbone for many technologies and devices, which will change the way of life we all live.

Read More Related Posts Here:

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What are the Types of Devices That Use IoT

What are the Benefits of IoT

What are the Major Applications of IoT

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