Internet of Things – The Future

As we go into 2020, we will likely see a huge increase in the Internet of Things (IoT) as it starts to impact on various areas of life. Here is a look at some of the key predictions for 2020:

5G

This 5th generation wireless technology will bring us faster speeds and greater connectivity than ever before. Expect less latency and faster speeds as standard, with increased ability to move data across networks and enhanced streaming ability.

Edge Computing

IoT data computing will start to move closer to the data source and away from centralized cloud providers, giving us more bandwidth work with and better security.

Mesh Networking

This eliminates the need for the internet by letting the IoT transmit data through radio nodes. This involves flooding the routers on the network or allowing data to hop between nodes from one point to another.

Better Chip Technology

Processor chips are likely to have a greater capacity for memory, a reduced need for power consumption and be able to support the new IoT technology. Silicon chips will likely be replaced with transistors consisting of carbon nanotubes, which will increase speed and reduce component size.

Infonomics and Data Brokering

This is an upcoming area of business where companies manage, buy and sell Big Data. Cross tracking of devices allows data collection from a wider range of sources which means the expansion of this sector is inevitable. It is a controversial sector as shown by the Cambridge Analytica scandal, however, it is likely that organizations will make the necessary changes to meet current data privacy laws.

Smart Cities

Smart cities are growing in numbers and are likely to increase in 2020. Predictions from the International Data Corporation (IDC) indicate that the total spend in this arena will hit around $135billion by the end of the year. A smart city uses mobile apps to provide information to residents allowing them to navigate any hazards or traffic problems, and they are often more efficient making savings for local government. Within Europe, institutions like Universities are also adopting the technology.

Increases in Industrial IoT

Many sectors of commerce and industry are moving toward the IoT. Increased use of VR (virtual reality), AR (Augmented Reality) and AI (Artificial Intelligence) are already here across multiple sectors including healthcare, retail and farming. Smart devices in the home are on the increase and this is likely to continue into 2020.

As IoT continues to grow the legal, social and ethical concerns need to be addressed and there is likely to be a lot of research into the maintenance of security and the protection of data.

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