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$13 trillion in ROI will be generated by 2025 - BI Intelligence.

Over 20 billion devices will be connected to the IoT by 2020 - Gartner

These predictions about IoT clearly reflects how rapidly this futuristic technology is evolving. To stay ahead of the curve, diverse industry-specific businesses are already investing heavily in different IoT initiatives. No wonder why IoT has become the “talk of the town” in the digital world. 

In this article, you are going to get a detailed insight on IoT - perks of adopting IoT in businesses, which industries are benefiting the most from it, how IoT is transforming the mobile app development sector along with what we can expect from this futuristic technology in 2020 and beyond.

IoT advantages for businesses 

By 2020, the IoT platform is expected to grow at a Compound Annual Growth Rate (CAGR) of 40%. So, what’s the secret behind its global popularity?

Well, through customized IoT mobile solutions, this advanced technology helps in addressing some common business challenges including

 

  • Safe data access
  • Safe data storage
  • Device control and management
  • Integration and maintenance

 

Allowing the real-time data exchange to carry out different business actions and analysis is one of the major reasons why businesses are going gaga over it. The list of IoT’s wide range of business benefits includes

 

  • Enhanced productivity

 

When it comes to the point of dealing with real-time data and variables, IoT does it the best. IoT-based applications help in management procedures. Also, it can help in carrying out automation of routine-based functions, informing employees about expected technical disruptions along with supporting remote troubleshooting procedures.

 

  • Better customer experience

 

With IoT-based applications, businesses can offer a seamless and smart customer experience. Users can carry out transactions using smart trackers, mobile card readers, etc. Also, the smart meters and smart grid technologies help users to identify and resolve issues. 

IoT-based devices are capable of collecting a plethora of data on users’ behavior which helps businesses to come up with innovative ways to keep their customers engaged and offer better customer experience.

 

  • Cost-effectiveness

 

Both the IoT devices and the IoT-based applications assist professionals not only to monitor equipment but also to diminish the downtime along with the risk factors. The applications based on this advanced technology can successfully predict possible system misalignments and failures which in turn helps in saving a lot for businesses.

Thus, IoT has become one of the most loved technologies to implement these days. 

Industries to benefit from IoT applications

As IoT technologies help in reducing overall business operating costs, increasing business visibility, business efficiency and productivity along with creating additional revenue streams, businesses across diverse industries are embracing it wholeheartedly. 

Healthcare and fitness

Today’s market is flooded with different IoT-enabled wearables. Such smart wearables help in monitoring calorie intake, heart rate, steps taken while walking, sleep along with tracking various other activities that help us to stay fit and healthy. 

Other than personal use of health wearables, some smart appliances like thermometers, scales, blood pressure monitors, etc. are presently available in the market. 

Smart home

The idea of home automation was relatively unfamiliar to most people until recently. With the emerging IoT technology, smart home automation has started to show its true power. Smart homes make our lives easier, more convenient, and more comfortable. 

Increased energy efficiency, better home security, savings on the electricity bill, maximized comfort, etc. are some popular reasons why smart home automation development with IoT is trending in the market these days. 

Retail and Supply Chain Management

Well, if you think different IoT devices and applications in the Retail industry is limited to only shopping and SCM, you are wrong. Enabling IoT in business is an opportunity for hospitality service providers, restaurants, and other businesses to manage not only their supplies but also to gather valuable insights. 

It allows business owners to avert order overflow, effectively restricting the employees who abuse their privileges along with managing the merchandising and logistical expenses in a better way. Business owners now can manage their inventory in real-time with IoT. 

Automotive

Self-driven cars or connected cars are no longer fiction only. Thanks to IoT. Thus, in the automotive industry, IoT use cases are actively expanding. Smart applications are being developed and integrated into car infotainment systems so that providing telematics, in-car navigation, and entertainment becomes easier than ever.

Also, IoT-enabled apps make sure predictive maintenance, surveillance, security, and safety of the vehicle along with real-time monitoring, cognitive insights for the management, etc. 

Other than the above-mentioned ones, industries related to manufacturing, agriculture, logistics are also ripping benefits out of IoT. 

IoT in mobile app development - what to expect next? 

You have already seen how IoT is transforming the way different industries operate. According to experts, IoT adoption is still in the early phase. The way the connected world of IoT is evolving, soon we can experience its power to the fullest. Even worldwide app developers would agree that IoT is leaving significant impacts on iPhone and iPad app development services. So, what can we expect from this futuristic technology in the future?

Edge computing will become more popular than cloud computing

We all know how cloud computing brought a wave in the digital world. Even today’s IoT devices store all the data in their cloud. However, in the tech world, change is the only constant. And this is why we will probably soon witness edge computing becoming more popular than cloud computing. 

Now, the question is how?

Instead of sending all the data from devices to the cloud, now, the IoT devices will transfer data to a local storage device first. This device can filter, sort, and accordingly can calculate the data and transfer only the required data set to the cloud. 

Undoubtedly, it will reduce traffic to the network. Also, collecting and processing data locally will allow the IoT apps to consume less bandwidth and work in bad connectivity to the cloud. 

IoT security will get more priority

The graph for IoT application adoption in businesses is increasing exponentially. Now, with more devices being connected to the network, not only the data volume increase but the risk for data security increases as well. 

We have seen how the smart home industry and health care industry is adopting various IoT-based applications. So, be it patient’s health-related data or data related to the home security, everything is being stored in the cloud. So, with sensitive data floating in the cloud, we can expect IoT security will get more priority in the next year and beyond. 

A unified framework for integration

To keep the industry safe and secure, a unified framework is required. The lack of a unified IoT framework - this is a serious challenge that IoT has faced while cooperating with different industries. However, another trending technology Blockchain will be a great help to accelerate the IoT adoption process by allowing the app developers to improve and develop mobile and web applications. 

So if someone is looking to develop IoT apps and looking for an Android or iOS app development company, it is important to know beforehand if they are capable and know the integration. 

IoT and AI

Both Artificial Intelligence and IoT are data-driven technologies. And both technologies are used for storing and analyzing data. So, to make automation more efficient, we may see these two thriving technologies being implemented together to gain better visibility along with accurate insights into various services. 

Other than what we mentioned above,

  • We will see the rise of predictive maintenance
  • Businesses will deliver more personalized customer experiences
  • Software-as-a-Service will be the new normal

And all of these will be the direct or indirect impact of IoT being implemented in the mobile apps. 

However, mobile app developers have to advance their skill sets to integrate IoT successfully in their apps. Having sheer knowledge of Swift or Xcode won’t be enough for smart iPhone or iPad app development services. 

Of course, we will witness new technologies being emerged. However, these will make IoT easier to use and more intuitive to a large extent. 

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Augmented Reality has been here for some time. Among consumer level products, Pokémon Go was one prime example of primitive level Augmented Reality, it only took a decent smartphone. Lately, some of the social media and networking apps, especially the ones that feature a 24-hour story option e.g. Snapchat, Instagram and Facebook Messenger are using the basic technologies of Augmented Reality to draw masks and filters over the users’ faces. This is real-time and accurate, and fun nonetheless. However, augmented reality face filters and industrial augmented reality, also known as IAR is vastly different. The first one can act on generic smartphone hardware across a wide range of devices whereas the latter needs proprietary software and hardware. The margin of error in IAR practically needs to be negligible, and there should not be any prominent lag in the system to maintain a precise production output. Augmented Reality has become a thing in 2017, and we believe the inflection point for Industrial Augmented Reality will be around 2018 – 2019.

Augmented Reality in the Production Line

Everyone that works down in the core production facility, e.g. the supervisors, the technicians and the field workers could really benefit by using AR and 3D imagery on top of a real object to speed up the designing and implementation process. A 3D augmented reality model could be drawn in the head-worn VR helmet in 3D space, generated by data received from IoT based sensors placed at different crucial points to build up an effective model. Also, IAR might not necessarily require VR headsets. There are different aspects of AR and workers in a production facility could access them using smartphones, tablets or proprietary handheld devices. As of yet, renowned VR devices in production are being used in several industries - Google Glass Enterprise and Microsoft HoloLens have made their cut. The emergence of IoT and rapid development in the same field would certainly ensure a competitive market of IoT sensors and VR helmets for IAR in the upcoming years. Workers in different industries – production, oil drilling, mining, assembly line etc. will never look the same in a few years!

Challenges in the Application of AR in Industries

Creating the AR ecosystem is the major challenge in switching to a completely AR based industry from old-school manual technologies. Assembly line workers do the same repetitive tasks every day and it doesn’t matter how boring their jobs might be, they have gotten used to doing it. Introducing a new technology could set back production by bigger numbers, cause serious trouble in the supply chain and jeopardize a company’s trades. In technology spectrum, the available IoT sensors are still mostly generic. Depending on what an industry would produce, these sensors will need to change and become more customizable and specific.

IAR Application in Industries

So far, implementation of IAR is seen in the following industries –

• Manufacturing: Boeing is one of the first adopters to put AR in their mainstream production line. A few automobile makers have initiated beta versions of their IAR.

• Military: US Air Force has been using a fully functional AR system for some select models of their air crafts since 1992. Louis Rosenberg was the mastermind behind creating the system.

• Healthcare & Medical: To carry out dangerous surgical operations in sensitive organs, such as the brain and heart, a combination of VR and AR is used by surgeons.

• Education: A picture is worth a thousand words. Imagine how many words a demonstration through AR would be?

• Tourism: Yelp Monocle and Word Lens are two AR based smartphone apps that use augmented reality to provide the user with relevant information.

IAR is the Future

Pokémon Go or Snapchat are fun, but they aren’t the only applications AR is capable of doing. With IAR in the rise, the production lines are going to be more productive and competitive than ever.  Whats your take, do you think IAR will be the next best thing? or is the learning curve too high to be worth the investment?

Greg Conrad is a writer for Ax Control

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IoT Future – 34 Billion new Devices in 4 Years?

Many industry experts and consumers are pointing the Internet of Things (IoT) as an upcoming Industrial Revolution or an upcoming Internet.

Why this? Simple, because IoT will consist of the future form of interaction of businesses, governments and consumers with the physical world.

The most recent studies indicate that in 2020 more than 34 billion devices will be connected to the internet, in many sectors (Industrial, Agriculture, Transportation, Wearable Devices, Smart Cities, Smart Houses, etc).

Of these 34 billion, the IoT will be responsible for 23 billion devices, the others 11 billion will be represented by the regular devices, such as, smartphones, tablets, smartwatches, etc.

BI - IoT - Evolution Graph - IoT FutureSource: BI Intelligence

The business sector will be responsible for the biggest use part of this devices, since the IoT can reduce the Operational Costs, Increase the Production, expand the business for new market niches.

Government will take the second biggest part of the devices connected, in smart cities, fasting up the public process, increasing the quality life of the citizens.

At last but not less important, the home user, will have a lot of IoT Devices, Smart Houses, Wearable Devices.

So the future we can really specify in some words: "The future is Data".

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