The fourth wave of the industrial revolution is about digital empowerment and driving new technologies and IT services across edge and cloud assets to increase productivity. These technologies cover various fields from advanced analytics, industrial IoT platforms, artificial intelligence and digital twins to serve the core needs of the manufacturing industry. The Internet of Things has been booming over the past few years. According to industry research, 35 billion IoT devices will be installed globally by 2021, and 75.44 billion will be installed by 2025. Essentially, as a technology-driven network of connected devices, IoT has the potential to better enable data sharing within the system. Its ability to allow machines and devices to interact will have a positive impact on various industries.
2020 witnessed a rapid increase in digital transformation, with IoT expanding its applications in our normal lives and industries as connectivity, 5G, and improvements in artificial intelligence and machine learning increased. Looking ahead to 2021 and beyond, this technology will be at the core of every organization. IoT is a promising technology, and essentially no trends will surpass it in 2021, exacerbating its importance, from data-intensive experiences using IoT devices to basic health and safety needs.
1. Connected device manufacturers will invest in healthcare The COVID-19 pandemic has greatly enhanced telemedicine resources, with 43.5% of people using telemedicine facilities as of April 2020. A significant benefit of telemedicine is that it reduces physical contact between patients, health care providers, and other patients. IoT devices can help medical staff obtain real-time information on patient data to a certain extent. In the coming years, there will be an even greater need for connected healthcare solutions to manage disease and monitor health. Telemedicine demand is expected to continue to increase even after the pandemic. Consumer interest in digital medical devices is slowly growing due to convenience and more affordable prices, and the technology will grow to $185.6 billion by 2026, according to industry experts.
2. The Internet of Things will be popularized in the manufacturing industry
As a result of the pandemic, manufacturing and other environments that use expensive machinery have experienced the benefits of remote monitoring. With the help of IoT-driven technologies, manufacturers and pharmaceutical companies will be able to connect industrial assets to remote operations this year, ensuring business as usual during the pandemic. According to industry reports, these benefits and positive impacts are expected to drive significant investment in IoT in 2021. Connected machines will continue to gain momentum in 2021 as infrastructure industry experts, especially field service companies and industrial equipment companies, slowly increase their use of this technology.
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As the Internet promises to grow, the Internet of Behavior (IoB) captures the “digital information” of our normal lives from a variety of sources, which can be used by public or private entities to influence behavior. COVID-19 has changed the way many organizations think. Working from home and social distancing are the new normal for everyone, and staying healthy is one of the most important concerns. Therefore, we all hope to see more IoT technology in this area to monitor behavior in various ways to enforce health and safety guidelines. Organizations are leveraging technology to monitor consumer and customer behavior. Some useful technology tools here include location tracking, big data, and facial recognition. This trend highlights the importance of putting customers at the center of every organization’s strategy to ensure long-term success.
4. Smart building technology will drive transformation of employee experience
The lockdown has been lifted, but the epidemic continues. Businesses have resumed work for some key workers, while most employees are still working from home into the coming year. According to industry reports in 2021, smart building technology will focus on IoT applications to enable smart office initiatives. These initiatives will include smart lighting, energy and environmental monitoring, as well as sensor-based space utilization and activity monitoring.
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