Since 1999, when Kevin Ashton first described the term, the IoT has become more than a reality — it has grown into an empire. Many of us use it every day, not even realizing that we’re tapping into its power. According to Statista, IoT spending is projected to reach 1.1 trillion USD by 2024.
Already, the IoT has become a global phenomenon but it still has a lot of room to grow. What’s next for this pivotal innovation? Here are 5 predictions for 2024.
1. Enhanced Security
The IoT generates an enormous amount of data every day. While this is an asset to companies looking to improve their services and reach a wider market, it’s also somewhat of an Achilles heel. Hackers looking to exploit security gaps can also phone number list access this data and use it against you and your consumers.
From infrequent updates to unprotected information, there are a number of ways cybercriminals can attempt to breach IoT devices and systems. That’s why businesses and developers will make security an even greater priority in 2025. Given how common these cybercrimes have become — and will continue to grow in the coming year — businesses in the IoT game will use new solutions to protect themselves and their consumers.
For example, they will be more likely to employ network managers and operators to govern this web of connected devices. They will also turn to specialists, including white-hat or ethical hackers, to help them spot and patch vulnerabilities.
In order to ease the concerns of consumers, businesses will highlight their efforts when marketing and promoting their IoT products, ensuring that people have more faith in their devices.
2. Wider Applications Across Industries
Already, the IoT is affecting numerous interest in voice assistants has grown steadily over the past five years industries. In the coming year, it will become a focal tool in some areas and break into others.
Manufacturing
The IoT has numerous applications in the manufacturing industry. For example, it can predict maintenance needed before machinery breaks down using sensors. It can also provide an abundance of data on worker performance, helping companies improve productivity and increase output.
Wearable technology, meanwhile, can keep leaders and employees informed about safety and other conditions within factories.
Healthcare
The healthcare industry, too, is ripe for IoT innovation. Wearable technology has become a staple, tracking different facets of people’s health like heart rate and blood pressure. Smart sensors can also be used to adjust light and temperature to meet the needs of individual patients. And telehealth innovations can help assess patient conditions remotely.
Education
E-learning has been booming for andorra business directory decades. Now, thanks to innovations like augmented reality (AR) and virtual reality (VR), the IoT is taking it to the next level. Through these technologies, powered by the IoT, students can be “immersed” in historical and scientific scenarios, for example.