The Internet of Things is nothing like it was a few years ago. It is enjoying a rapid growth and devices that previously only had fewer functions now possess more advanced features. In layman’s tongue, the internet of thing is just about anything that connects to the internet and using it enhances its abilities to perform. In order to benefit from the internet of things, a fast and steady internet connection is required.
Over the next few years, we would witness more changes in Internet of Things:
1. Upsurge in Device Usage.
In 2019, about 3.6 billion devices that were connected to the internet were used for daily tasks. Data experts have analyzed this and have said that the internet of things will most likely increase and keep on doing so for a long period of time. Since 2015, the number has gone from millions to billions in the span of just one year, this rate is both exciting and yet alarming.
2. More Investments in Smart Homes
People have already started investing in ‘smart homes,’ where the home is fully equipped with gadgets such as Nest thermostats and Philips Hue light bulbs. Market research suggests that the smart home industry will reach around 53 billion dollars by 2020. .
3. Every Business Will Need It
Businesses who are equipped with IoT have a competitive edge over other businesses in their industry. In the near future, it will become a necessity for every industry to use IoT in one way or another.
4. Employment Opportunities
IoT has a dark side to it as well, which is data security. Because of the number of advancements being made in such a short period of time, security has been an issue. Data breaches have become prevalent among IoT devices. These issues will need to be addressed in the near future. It’s important to understand the security issues in order to prevent viruses and hackers from attacking and accessing personal data.
It is safe to say that the “Internet of Things” is the future. Over time, it’s expected that many aspects of our life will be managed by IoT.