How Will IoT Trends Shape Technology's Growth?

The Internet of Things, or IoT, is one aspect of technology that has continued to grow and foster innovation over the past several years. These devices are being integrated into our technology-driven society in previously unimaginable ways, and that includes your business. How might your organization implement IoT devices, and what do they mean for the future?

Explaining the Internet of Things

Billions of connected devices make up the way the world functions, and they are used in plenty of interesting and vital ways throughout our society. From energy efficiency to communication, the IoT has the technology to aid in it, albeit with somewhat of a sense of risk. The concerns over security have, in a sense, held back IoT strategies, and they must be addressed by businesses hoping to reap the rewards of IoT devices.

If your business hopes to use the IoT effectively, you’ll have to consider how these connected devices can factor into your technology infrastructure and strategy, as well as the general workflows of your organization. Let’s examine potential avenues for growth and improvement of the IoT.

More Businesses Will Distribute IoT Devices

The companies spearheading IoT growth have been able to make great strides forward in the realms of waste reduction and sustainability, and with these new approaches comes more affordable manufacturing and increased reliability of devices. Businesses can more soundly invest in IoT devices knowing that predictive maintenance will be enough to solve most IoT device woes, and with more resources more readily available, procuring technology will not be nearly as difficult.

Greater Advancements in IoT Security

One of the biggest sticking points for IoT technology is the lack of inherent security. Most IoT devices are manufactured quickly without the requisite dedication to security needed for users to remain confident about them. This means that as more devices are manufactured, the more devices out there are vulnerable to threats. We think it’s likely that manufacturers will improve efforts to address security issues with their devices so as to contribute to the solution rather than become part of a bigger problem.

IoT with AI Integration

The IoT provides access to huge amounts of data that can be used in integration with AI to make more educated and actionable decisions. Companies can use this data to discover new alternative workflows, examine inefficient processes, and change their approaches to business accordingly.

Decentralized IoT Infrastructures

The IoT can capture movements as data, allowing companies to employ computing infrastructures to take advantage of this technology in more innovative ways. People can use the cloud to run IoT platforms as a cost-effective alternative to your standard computing infrastructure. While this does allow for greater mobility, it can also be somewhat limiting in terms of infrastructure, but more decentralized models using blockchain technology might deviate from this strategy moving forward. 

BNMC can help your business get the most out of its technology solutions, IoT-related or otherwise. To learn more about what we can do for your business, be sure to contact us today at (978) 482-2020.