4 key technologies that are driving IoT development

Internet of things technologies is currently in their golden age due to the outbreak of the global pandemic. IoT technology is transforming industries by improved storing and processing of data and resulting in enhanced productivity. IoT is a complex ecosystem of interconnected devices that communicate with each other. These smart connected devices focus on gathering, sharing, and analyzing huge amounts of data and take required actions.

IoT along with other technological advancements are booming and stepping into the next technological wave. Its potential to redefine and reshape our lives is simply unexplainable. We have witnessed the power and capabilities of IoT solutions during the time of the pandemic. The Healthcare sector got a lot of assistance from IoT solutions while delivering healthcare services to patients in such circumstances. With the help of IoT solutions along with our technologically advanced solutions, patients didn’t have to physically visit the healthcare professionals to avail the services. These IoT solutions enabled the sharing of real-time important information and saved the time and hassle involved in frequent consultations for both the patients as well the healthcare professional. The Healthcare industry being one of the predominantly affected industries during this pandemic helped us understand the power of IoT solutions but we cannot ignore how it is extending its solutions across different industries. There are multiple technologies that are driving IoT development:

Cloud Computing

The Internet of Things focuses on sharing real-time information, therefore, would be generating huge amounts of data which would require enough space to store this database so that IoT apps and sensors continue to perform. This space is needed for processing as well as storing the huge databases which would require cloud computing. Therefore, cloud computing is one of the driving technologies for IoT. Cloud computing has huge potential to store and quickly process huge amounts of data. Cloud is highly efficient and is becoming more scalable day by day and is being developed to leverage the benefits of this platform.

Blockchain

One of the key technologies that are driving the development of IoT solutions is blockchain. Putting together IoT solutions along with blockchain technology can be highly beneficial for organizations and their customers as it ensures that data is reliable, authentic, and genuine. For instance, IoT devices are used by supply chain and logistics companies for tracking goods, each product/component may be assigned a digital id which helps in smooth movement and transportation of goods. In addition to this, with the help of the unique digital id, they can maintain tamper-proof and secure blockchain repositories maintaining a proper history about the product. Organizations and customers can be assured that the products are exactly as described and the information is not tampered with. It is important for organizations to integrate both the technologies to gain a competitive advantage in the industry and an IoT development company could help your organization with this integration.

Sensors

There are a lot of factors like the interaction between different devices which helps in reaping the full benefits of the IoT solutions. Sensors are one of the key elements of IoT solutions. We use sensors to perform different day-to-day activities like unlocking and locking your car from a distance. These sensors transmit a message which leads to the desired actions. With advanced IoT sensors, one can do much more than just locking and unlocking the care. These sensors help in remote activities which is the reason why it is becoming one of the key technologies to drive the development of IoT solutions. With modern problems, IoT software development companies are offering modern solutions to organizations.

Artificial intelligence

Now that we understand that IoT solutions are focused on connectivity and sensors, we also understand that these technologies generate a huge amount of data which would require advanced data analytics. Artificial intelligence combined with IoT solutions would help businesses analyze the huge amount of data collected by IoT apps and devices and would help in generating important insights.

Internet of things was a relatively new concept sometime back and there were various speculations around how it will be implemented across industries but during the outbreak of the global pandemic, we witnessed how IoT helped businesses across industries to operate and grow simultaneously. These technologies that we discussed not only are driving IoT development but also help in expanding the scope of these IoT solutions and pushing it to greater heights. IoT solutions are picking up pace across the industries and future advancement in these solutions will play an important role in the coming wave of digital transformation.

Technologies like blockchain, AI, 5G, cloud computing, etc would be playing a critical role in the advancement of global connectivity and IoT solutions.

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