April 9, 2018
Curious to know what IoT is packed with for the year 2018? Well, by considering the wonders IoT has brought till now, this year IoT has something to offer that is beyond anyone’s imagination. A Business Insider research report concluded that all of the smart home devices, from safety and security systems to smart appliances such as washing machines or coffee makers would increase twice by 2020.
There is no question that smart houses, smart lighting, smart city infrastructures are being discussed a lot these days, and they will soon change the way people perform their everyday tasks.
Today, I’m going to talk about the top five trends in IoT Applications coming in 2018:
New Business Models
Irrefutably, the year 2018 is going to bring a new wave of IoT apps into the market. A whole new kind of system protocols and wireless connection, business models with cost leadership strategies, and hassle-free UI/UX are worth mentioning. In last few years, we have witnessed various astonishing technologies such as Wi-Max, Wi-Fi, LTE, and Bluetooth, are used to connect various IoT devices, however, we will witness 3GPP’s narrowband (NB), Sigfox, LoRaWAN hitting the market with IoT devices connectivity.
On the other hand, companies would get major benefits with IoT technology. From remote work to inventory tracking and management, these are few areas where IoT technology would do wonders for the companies.
We have all heard about smart home devices that allow homeowners to manage, track and monitor the access control, security,and energy efficiency. There is no question that many of the smart home device brands are collaborating hundreds of appliances, so as to make them more efficient and secure. For the present, there are devices such as Samsung smart fridge, Eskesso, and Genican that are offering convenience to everyone’s lives in the finest ways.
Another smartest device we can consider in the favor of IoT technology is Amazon Echo, which works as a CPU for all your home gadgets. Yet, one other famous device Nest – Learning Thermostat, it detects the temperature of the house and adjusts it automatically through embedded sensors.
Nevertheless, these devices are costly at the moment, because of the research and development (R&D) costs and relatively lower sales. However, with more advancements in the technology, the prices are expected to fall, allowing people to purchase these devices for their homes. Considering the advancements in the technology, soon we would see personal assistants and robots inside our homes and that will be the part of IoT.
Imagine your smartwatch telling the oven to stop, and signaling housemates for the dinner; Or your vehicles automatically parking themselves? Well, it all would look cool. Apart from smart home IoT apps, smart energy equipment is also providing personal well-being, making cities smarter than ever.
IoT can potentially change the infrastructure of cities by eliminating traffic congestion, improving public transportation, and making cost-effective municipal services to keep people safe.