Internet of Things

with IoT to serve breakfast. Likewise, the entire HVAC system can function like thermostats and

provide heating/cooling based on what suits the homeowners. Dishwashers, sump pumps, TVs,

and all the common appliances can similarly use IoT to make daily lives easier.

With its plethora of applications in so many areas, IoT seems ready to take the world to the

next level. However, it remains to be seen how well the industry progresses in the future.

WHAT IS THE FUTURE OF IoT?

The reach of the internet is growing faster than ever before. The internet is not just limited

to desktops, laptops, smartphones and tablets, new internet connected devices have been

introduced to the general public. The things you used to read on the science fiction novels are

becoming a reality now.

Yesterday’s Science Fiction is Today’s Consumer Electronic

Today, the term Internet of Things (IoT) is used to refer to various internet connected objects.

We use network sensors in various physical devices to allow for remote control and monitor-

ing. This technology is gaining massive popularity in recent times due to its flexibility in various

sectors like healthcare, banking, retail, consumer goods, manufacturing etc.

The Presence of IoT Devices

According to a report by Gartner (a global research and advisory firm), in 2017 there were

around 8.4 billion IoT connected devices in the world. However, this figure increased to 9.2

billion by 2018. They are expecting this figure to reach at least 20.8 billion devices by 2020 after

witnessing an exponential growth every year. Plus, Forrester Research has predicted that IoT will

stand as the backbone of future customer value. The IoT infrastructure will be shifting to new

specialized IoT platforms, while the developers will have a major role on platforms and initia-

tives, but security will be the main concern.

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