Technology Shaping the Digital Change: IoT in Focus

How we have been witnessing the intelligence of technology around us, changing, can very well be identified by the inevitable adaptation of smart tech applications that we have brought in our daily lives. Disruptive ideas have emerged changing the landscape of competition completely, giving a whole new arena to business leaders, entrepreneurs, and of course, the consumers to live in, and take advantage of. If we talk about major technologies that have contributed in and will keep playing their roles in to present world of automation and convenience, we can identify a few names that top the list.

Ask yourself what is the most obvious development in the tech and internet world? The answer is quite simple, and evident, Internet of Things. In this rapidly evolving environment, every day we witness a handful of new innovations aimed at seeking their place in the users’ daily lives and experiences. What is more important, however, is to see how these innovations are interconnected to the already available “things”, and how they make wonders when connected together through the internet. According to research at Gartner, an estimated 8.4 billion “things” are on the internet today, which is a whopping 30% increase in just one year.

We can literally see our voices, our hopes and our ambitions being amplified by the way every product is brought close to connectivity and widespread access of information. We have seen how digital revolution has changed the way we travel, through tech giants like Uber, having these services at the tip of our fingers. The IoT is actually helping devices along with their purposes to interconnect and produce something that results in a larger benefit, which is why it is ever welcomed by the consumers hungry for ease in services. Few of the major trends that are making their way in the digital world through a strong push from IoT include the analytics revolution, edge computing and 5G.

When we come across the word Analytics, we definitely know where we’re heading. Analytics and Big Data come together almost always, as it is the Big Data that is worked upon to bring updated Analytics. How it helps businesses grow, and become more competitive in this fierce environment, is by knowing what levers to pull in order to carry result oriented interactions with the potential customers. The key is to make it mutually beneficial both for the businesses and consumers. So, the amount of information Big Data provides, makes our Analytics a strong variable in increasing effectiveness in business processes, bringing profitability above par, and streamlining business decisions. Tech giants such as Microsoft, IBM, SAS and SAP are all heavily investing in Analytics, more specifically IoT Analytics as they are seeing the power of this combination in driving new business insights across a vast array of industries and applications.

According to research at Gartner, an estimated 8.4 billion “things” are on the internet today, which is a whopping 30% increase in just one year. ”

The way technology has started pushing the digital world into transformation, companies have started moving toward cloud computing, giving them instant access to information anywhere and everywhere. One thing we need to realize is that Edge Computing, backed by sheer volume of information and speed of exchanging it, will become more relevant and useful for devices like smart drones, AI-powered smart devices and autonomous vehicles as they require instant connectivity and communication. This change in priority does not mean that Cloud computing will be completely beaten by Edge, in fact, cloud computing will remain as important as it seems right now for most important and relevant data.

IoT is resulting in massive change in attitudes and behaviors of the consumers and businesses alike. The fast paced technological world with numerous advancements happening at a time will force the mobile phone users to move faster than ever, thus introducing 5G. As the growing trend of hyper-connectivity is seen among the later generation, it is easy to gather sense that more and more digital applications and innovative tools will be introduced, requiring higher speed networks to support them, making it extremely important to go with the flow, and adapt to the volatile nature of changing technology.

There is still a lot to be seen and witnessed in the digital world, as the Big Data is becoming bigger and bigger, and the devices on the internet keep on increasing as well. Innovation has become a major tool to success, because with so many interesting things flooding in for consumer use, it has become highly difficult to make yourself a preference over other present innovations.

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