Internet of Things uplifted the IT capabilities further, where the sensor based devices made the things easy and therefore intruded deep into daily lives of common man. How does business decide the next move? In fact, the next move of business is decided according to the customer choice. The customer is moving every step with the help of IT tools. Sensors based devices are invariably used in Healthcare , BFSI, Transsport and Logistic industry.

For empowering the sensor based devices,  IoT app development companies are curating the network of smart devices connected with one another at the global level. This network of connected devices is useful to enhance the economies, businesses, and standard of lives. The offshoot of Internet of things based solutions is the enormous amount of data. E.g. the devices controlling the vehicle connectivity gains a lot of data transaction and it becomes obvious to have the large number of data.  How the data is handled by the industry is the matter of research. And the future of trillions terabytes of data does also have it own risks. 

 This data has the ability or power to transform everything radically. It can transform consumer preferences, business landscapes, designs, and the functioning of the entire cities. This allows them to efficiently work for enhancement and profit much more than ever before. According to the industry standards available, in India, IoT will proliferate to 2 billion connections yielding revenues of 11.1 billion dollars over the course of the following two years.

Internet of Things solutions is the key enabler that drives digital transformation to unfold the efficiencies of operations. AI or artificial intelligence paired with the omnipresent connectivity continues to enable exponential value which is generated by none other than IoT. Nowadays, enterprises and corporations are realizing the importance of IoT app development company and the requirement of timely adopting IoT and artificial intelligence into their numerous operations. They need to do so for gaining a competitive edge via increased efficiency of processes and heightened productivity. This ensures significant reductions in cost as well as sustainable and long-term growth as well.

With the emergence of the new year, IoT, as well as artificial intelligence, will continue to thrive enabling large or small enterprises for developing innovative and intelligent business models. These business models will also be digitally agile. And they can be concerned with anything. Starting from increased real-time communications with the customers to precise insights, from improved management of inventory to enhanced productivity of employees. It can be in regard to several others as well such as better allocation of resources, efficient forecasting that would result in more effective decisions related to business.

Extended applications of IoT

Up until now, most people are well aware of the applications of IoT in the consumer space only be it in healthcare application development field or any other. But in the time to come, the world of technology will witness a widespread adoption plus innovative use case scenarios across verticals such as manufacturing, healthcare, IT/ITeS, BFSI, transport & logistics, energy along with many others.

Numerous systems of safety such as CCTV cameras or smart locks are managed and controlled with the help of sensors for ensuring a safe and secure working environment.

HVAC systems and other smart sensors are now installed in the lighting system of businesses and they help greatly in energy savings. Hence, IoT is already being used plus with time the applicability of it will surge more and more. And similarly, artificial intelligence is also experiencing an enormous proliferation across numerous business environments, ecosystems. Plus it has all the capabilities that are required to facilitate automation, astute decision making, and high speed, etc.

Intelligent analysis of data not only assist businesses to understand the behavior of consumers and their preferences but also helps them to design customized products to suit the specific needs, wants, demands, and aspirations of users. These types of insights enable businesses to maintain their upper position amidst the competition.

The key trends to continue in 2020 and time to come

Utility companies, logistics IT solutions, and appliances will frequently leverage IoT in order to supplement their client service, mechanisms, and redressal processes. The role of IoT in several operations such as CRM and helpdesk is poised to attain massive steam in the time to come.

For the companies working over Healthcare application development,  the IoT devices enforces crucial transformation. Waste management and hospital drug, real-time monitoring of health, robotic surgery, and diagnostics through IoT will witness the increased adoption. And when it comes to enterprises, the advanced edge computing shall be seen preceding over the intelligent cloud. Businesses in the future will be capable to run analytics of data directly on the devices of IoT rather than centrally on the cloud storage. This will allow for quicker processing plus it will also speed up decision making.

Internet of Things and artificial intelligence will also change the conventional formats of retailing, hence making them better and smarter. These technologies, therefore, are going to pave the path for enhanced insights concerning understanding and examining the behavioral patterns of consumer shopping.

Summing it up

Aptly structured and designed algorithms can easily analyze and show the time period that a consumer spends on one particular aisle or maybe in checking products on various shelves. Many retail outlets now have automatic points for checking out. And similar to that, self-learning or autonomous cars powered with artificial intelligence are no longer restricted to Hollywood sci-fi. In the time to come, such vehicles will become a reality. And these would be controlled through commands given by the smartphone or other smart devices.