Once a niche technology for startups, the Internet of Things (IoT) is now a technology on which billion-dollar enterprises are building their futures. It has already changed the way we live and there’s a great deal on the horizon. Here are the top IoT predictions for 2019.
Smart Device Applications Will Continue to Rise
Smart devices will become decisively more popular across industries. There will be a sharp rise in smart devices in a wide range of areas. These include automotive, transportation, healthcare, hospitality, and manufacturing solutions.
Automotive Business Models Will Shift
Since data is becoming the lifeblood of the automotive industry, the industry will continue progressively to adopt IoT technologies to enable vehicles to seamlessly gather and monitor data and communicate with smart city services and other vehicles. The automotive industry will shift further toward data-driven business models as a result. The shift can be specifically seen with OEMs (original equipment manufacturers) that are investing significant amounts of money in innovative startups to analyze and process data.
The Era of 5G Dawns
One of the most anticipated technology trends in the industry, 5G networks will usher in a new era for IoT supporting an increasingly interconnected world that will drive IoT innovation further. It will allow real-time gathering, managing, and analyzing of data. The technology will also broaden the IoT market significantly into areas where time and bandwidth speed are crucial, unlocking unrealized revenue and potential.
We are awarding some of the best IoT Solution of the year along with other categories at the 2nd Indian ISV Awards 2018, an initiative from itVARnews (Techplus Media Publication) to acknowledge the best ICT Solutions by ISVs (Independent software vendor), System Integrators, Solution VARs, and MSPs across India. To know more, visit the website now.