5 Predictions to Read before Starting a Career in IoT!

5 Predictions to Read before Starting a Career in IoT!

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What Is IoT? IoT is the technology that connects any device to the Internet and to other connected devices. It is opening doors for new business opportunities and helping companies benefit from IoTdriven innovations. Today, a career in IoT is one of the best decisions one can make. But before getting carried away by the buzz that IoT is creating, it is essential for professionals to understand where this technology is heading. Here are some of the predictions made by IoT experts about this powerful and sophisticated technology.

• Over the last few years, IoT’s limitless applications have gained immense popularity among businesses. Every year, more and more devices are getting connected with this promising technology. According to the experts, there will be up to 21 billion devices across the globe connected with 'Internet of Things' by 2020, making it impossible for professionals to stay away from this phenomenon

• IoT systems are used by civic authorities to gather information through video kiosks and surveillance kiosks connected to the internet, increasing functionality and decreasing the scope of error. With smart homes gaining popularity, it is expected that the smart home industry will touch the $50 billion mark by 2020. Countries such as Singapore, Seoul and Boston have already invested in IoT for turning their cities smart.

• Since IoT enables devices to collect data, it will boost technologies like machine learning and artificial intelligence. IoT and AI go hand in hand and might help each other to facilitate and make sense of the myriad connected devices in the coming decade.

• We are already living in a data driven world.

The growth of IoT will result in accumulation of plethora of data and hence companies will have to invest in solutions that are faster and cheaper.

• The technology world has already identified IoT as the technology of the future. Due to its ability to enhance customer experience, businesses are willing to invest in IoT, resulting in IoT spending to reach $6 trillion by 2020.

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