Internet of Things: Top 8 Trends Of 2020

It's a golden age in the Internet of Things. What can we expect in 2020?

Both the industrial and consumer worlds are always influenced by the Internet of Things ( IoT). From retail to healthcare, from banking to logistics, smart tech makes its way to every market and customer domain there is, and a missed opportunity strategically employed by a rival will easily count as a long-term loss for businesses that do not innovate[3]. All four components of the IoT model will be covered in 2020: sensors, networks (communications), analytics (cloud), and applications, with varying degrees of effect.

Today, there has been a lot of craziness about the Internet of Things. We can't, no doubt, forget its immense effect on almost anything we administer. This booming technology has surely taken over the world with its power of connectivity devices, i.e., 'things' over the Internet. The Internet of Things is not merely an idea, but an entire network activated by technology. This giant network of connected devices enables the network to exchange data, and the beauty lies there. Interestingly, as stated by PWC in a report, the Internet of Things is going to be a multi-trillion dollar industry soon.

So, what are the trends in IoT that we can expect in and beyond the year 2020? Let's have a closer look.

1) Big data and Artificial Intelligence will dominate

It generates a vast amount of data as IoT devices proliferate. We can not get business insights, however, unless we analyze this information in a meaningful way. Therefore, Big Data and Artificial Intelligence are dominant and come under IoT trends to extract processable information from this data. It will work, no doubt, as an efficient business move. These two innovations will also show stoppers among the other emerging IoT developments in 2020 to increase real-time data access. Also, in strategic planning and generating productive applications, the combination of Big Data, IoT, and artificial intelligence will help.

2) Blockchain for IoT Security

The new Blockchain Technology Internet ensures complete security through the Internet during the transaction. Its strong codes provide that nobody can change the transaction records. Without it, it is of utmost importance to ensure data security when interconnected in IoT and share data. Because Blockchain offers no loopholes in a security issue, one of the most popular IoT trends has become Blockchain's use in IoT. Not to mention, it will bring significant differences in the field of technology and promotion. Advanced Blockchain technology can help construct technological devices.

3) Software-As-a-Service is the new normal

It is popular to use Software-As-a-Service. Therefore, no doubt, as we address IoT patterns, this is one area we can not overlook. The service model is Software-As-a-Service or SaaS. This is a cloud-based model in which the service provider hosts the requested application for use over the Internet and makes it accessible to customers through the cloud. IoT trends like these provide businesses with a marketing platform where they can promote their products. As this IoT trend is growing in the industry, it will soon make the marketer's lives better than ever before.

4) Unified Framework for Integration

The right project management skills, excellent methodology, and a systematic approach must be implemented to make any project a success. To plan strategically and perform activities accordingly, this requires a common shared platform.

A significant problem facing industries for a long time is developing a unified framework in the IoT framework.

5) The fame of Smart Home Devices Will Boom

Smart home devices are getting more innovative with advanced technologies and offering great assistance to users. Not to mention, this makes it hard for IoT intelligent devices to resist and be taken as graces. It is a matter of great comfort, but it also provides your family with advanced safety and home security. Smart devices will command the other upcoming IoT developments in 2020.

6) Edge Computing will overhaul Cloud Computing to lead IoT

Edge computing or fog computing is a proven reality that takes the edge over cloud computing and is being embraced by customers in 2020. The same is the situation for the industries. For storing data, IoT devices use the cloud. But now, recent IoT course shows somewhat of sending the entire IoT device to the cloud. The data is first shifted to a local device located closer to the IoT device or at the network's edge. Once the information is transferred to the local device, sorting and calculating the data happen at the border, and finally, a part of the data is sent to the cloud from the edge device. This helps to reduce network traffic.

7) Priority will be given to IoT Security

As the network's mesh increases with more and more IoT devices connecting to the Internet of things, it associates vast amounts of information transmitted through multiple networks. But, as the network expands, it exposes more data at risk. Therefore, the priority to prevent data from thefts and malicious attacks is to create robust IoT protection. Hence, among all other upcoming IoT trends in 2020, ensuring IoT protection will become a strong IoT trend. Machine learning, Big Data, and AI can assist in detecting and mitigating threats while maintaining data security and privacy in this context.

8) Personalization of the Retail Experience

The 2020 IoT trend shows an impressive impact on the retail supply chain management that will work even more effectively than ever before. The IoT app will work effectively, from simplifying the shopping experience to making online purchases more straightforward. You should expect a customized shopping experience with IoT that will help improve the company's commercial presence on the site.

The sensors and other smart devices can take advantage of different features that can render users' shopping a cakewalk. In a real sense, it will launch a new age of shopping that will draw consumers from all categories.

Wrapping Up

These are a few IoT trends that, in the coming year 2020, will dominate the growth of the IoT application. According to industry experts, both the industries and customers will see significant advancements in devices, which will bring a tremendous difference in their everyday lives. Furthermore, with the industry’s innovations, we will experience more comfortable and intuitive IoT products. The future is undoubtedly promising and certainly worth the wait, with all the IoT trends and forecasts.