The term ‘Internet of Things’ (IoT) has become more widely known – and one that has found unique applicability in not only our homes, but in our businesses, workplaces, and cities. The number of installed IoT devices is expected to surge to around 30.9 billion units by 2025.
They are vital tools for digital transformation and datafication – and their power lies in performance improvements, as well as problem-solving capabilities. IoT’s importance as a technology trend this year and into the future is the role it plays in the successes of other technologies. For manufacturers looking to drive evolution, keeping a finger on the pulse of the latest IoT trends is important for agility into 2023 and beyond.
●There are more than 7 billion connected IoT devices currently in operation.
●By 2030, 75% of all devices are expected to be IoT.
●Worldwide IoT spending is anticipated to reach $1 trillion and this growth rate is predicted to continue in 2023 and beyond.
A Quick View of the Benefits of IoT in Business
●IoT solutions help to build resilient supply chains
●Improved health, wellbeing, safety, and security
●Optimized asset usage and maintenance
●Reduced overheads
●Improved communication and engagement
●Meaningful sustainability and environmental advances
Technology Trends Powered By IoT
1. Remote Monitoring
According to McKinsey, the COVID-19 pandemic accelerated the adoption of digital technologies by seven years. Off the back of global lockdowns, this naturally includes the requirement for remote monitoring and the move towards automated systems. These IoT-based technologies are being adopted to transform everything from building monitoring and machine performance to building occupancy and machine learning.
Continue reading: https://www.emsnow.com/how-iot-solutions-are-taking-tech-into-the-future/
They are vital tools for digital transformation and datafication – and their power lies in performance improvements, as well as problem-solving capabilities. IoT’s importance as a technology trend this year and into the future is the role it plays in the successes of other technologies. For manufacturers looking to drive evolution, keeping a finger on the pulse of the latest IoT trends is important for agility into 2023 and beyond.
●There are more than 7 billion connected IoT devices currently in operation.
●By 2030, 75% of all devices are expected to be IoT.
●Worldwide IoT spending is anticipated to reach $1 trillion and this growth rate is predicted to continue in 2023 and beyond.
A Quick View of the Benefits of IoT in Business
●IoT solutions help to build resilient supply chains
●Improved health, wellbeing, safety, and security
●Optimized asset usage and maintenance
●Reduced overheads
●Improved communication and engagement
●Meaningful sustainability and environmental advances
Technology Trends Powered By IoT
1. Remote Monitoring
According to McKinsey, the COVID-19 pandemic accelerated the adoption of digital technologies by seven years. Off the back of global lockdowns, this naturally includes the requirement for remote monitoring and the move towards automated systems. These IoT-based technologies are being adopted to transform everything from building monitoring and machine performance to building occupancy and machine learning.
Continue reading: https://www.emsnow.com/how-iot-solutions-are-taking-tech-into-the-future/
