Predictions About the Future of IoT
Wed, April 21, 2021

Predictions About the Future of IoT

IoT has sensors connected to the cloud, allowing it to process data and perform an action without human intervention / Photo Credit: metamorworks (via Shutterstock)

 

People’s lives are going to depend on the internet and the devices they own will help serve the needs of other individuals, according to Mehavarunan of Thrive Global, an American company that aims to end stress and burnout. The internet of things (IoT) will do that job. IoT refers to a system consisting of sensors “that communicate with the cloud.” Once the data is received by the cloud, the software processes it and performs an action without the user’s presence. 

IoT devices such as machines and sensors are projected to generate 79.4 Zettabytes of data by 2025, as estimated by IDC (International Data Corporation). Moreover, IoT will also grow at a CAGR (compound annual growth rate) of 28.7% from 2020 to 2025. By 2025, 75.44 billion devices will be connected to IoT worldwide, according to Statista’s research department. 

IoT generates “unimaginable amounts of data.” However, firms and organizations are puzzled about how to manage these large volumes of data. Corporations will not ignore data “if it is related to customers and their personal information.” With machine learning, a type of AI, the computers will be programmed to analyze the data they receive from the device to understand the preferences of customers. 

With IoT, data flow from the device to the AI can manage volumes of data without human error. Notably, AI is the driving force of the IoT revolution. Speaking of which, 5G will play a central role in IoT, with IoT devices growing from 75 billion to more than 100 billion from 2020 to 2030. On the one hand, 4G networks can only support up to 5,500 to 6,000 NB-IOT devices on a single cell. On the other hand, around one million devices can be connected in a single cell with a 5G network. 

Smart TV, security cameras, or anything connected to the internet can make your life appear more luxurious and comfortable. But it’s also unsafe, making your home vulnerable to cybercriminals. Your router will secure your internet’s entry point. Your IoT devices cannot be protected, but the router will safeguard its entry point by firewalls and password production, blocking out unwanted access. The future of IoT will be bright, and people have yet to see how it will benefit humankind in the long run.