Internet of Things

Ten Trends of IoT in 2020

The Internet of Things (IoT) is actively shaping both the industrial and consumer worlds. Smart tech finds its way to every business and consumer domain there is — from retail to healthcare, from finances to logistics — and a missed opportunity strategically employed by a competitor can easily qualify as a long-term failure for companies who don’t innovate [3]. The year 2020 will hit all 4 components of IoT Model: Sensors, Networks (Communications), Analytics (Cloud), and Applications, with different degrees of impact.

By 2020, the Internet of Things (IoT) is predicted to generate an additional $344B in revenues, as well as to drive $177B in cost reductions. IoT and smart devices are already increasing the performance metrics of major US-based factories. They are in the hands of employees, covering routine management issues and boosting their productivity by 40–60% [1]. The following 10 trends explore the impact of many technologies on IoT and predict what is next for IoT (see Figure 1).

Figure 1: 10 Trends of IoT in 2020.

IoT Prediction 1: Growth in Data and Devices with More Human-Device Interaction

By the end of 2019, there will be are around 3.6 billion devices that are actively connected to the Internet and used for …

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