The prevailing need to obtain data in real-time forces organizations to implement technologies to provide solutions to changes in the market, which occur faster.
The current environment forces organizations to find mechanisms to be more connected and achieve results by operating remotely. Similarly, it will be necessary to monitor people’s behavior, among other possibilities. For this reason, the trends in the Internet of Things ( IoT ) for 2021 are a watershed that portends greater connectivity in companies and between individuals and devices.
It is estimated that by 2021 there will be 35 billion devices connected to the Internet 1. The IoT market will reach a value of $ 520 billion over the next year 2, more than double what it recorded in 2017, at $ 235 billion.
The exponential growth of this technology will impact all industries, but there will be greater adoption in sectors such as retail, healthcare, manufacturing, and governments. Undoubtedly, companies will focus on innovating, providing better experiences to consumers, increasing operational efficiency, and increasing profits.
Regarding investment in the Internet of Things, an expenditure of 1.4 trillion dollars is contemplated by 2021 3. This change will be given more than anything by a change in the perception of this technology, which, rather than thinking about the number of connected devices, is how the software and services come together to capture and interpret the data obtained from the endpoints, turning them into actions to achieve concrete results.
With all this economic potential that the IoT presents, what can you expect for 2021? What are the main sectors that will be impacted by this technology, and how will it do it?
Retail: more efficient stores
In the midst of the pandemic, e-Commerce became essential among consumers to purchase their products and solve their needs. On the other hand, they will end up consolidating store automation, as is the case with Amazon. Devices connected to the Internet of Things will help manage inventories to meet deliveries on time.
On the other hand, retailers will integrate Radio Frequency Identification (RFDI) technologies to determine how customers interact with merchandise and its movements within the branch. Thus, decisions can be made more quickly to restock the shelves, streamlining the purchasing processes and ensuring that people comply with social distancing measures, in addition to avoiding crowds inside stores.
Increased productivity with remote work
The home office is part of the new normal; companies will offer it permanently or partially once the health crisis is over. Regardless of the case, organizations will bet on tools connected to the Internet of Things to raise engagement level.
For example, Microsoft has its Virtual Stage solution that integrates Azure Kinect sensors based on artificial intelligence to make work presentations more dynamic and interactive no matter where the collaborators are.
Efficiency in predictive maintenance
Both organizations and individuals will not be able to afford to be left out of operations due to a failure in the machines, systems, software, or other companies’ tools.
Therefore, the ultrasonic and vibration sensors connected to the IoT will monitor the status of the devices and their components to predict any failure before it occurs. There is no doubt that predictive maintenance will be increasingly consolidated in manufacturing, warehouses, logistics, and health.
Taking care of health from a distance
The pandemic accelerated the transformation of the health sector, telemedicine in the United States registered an unprecedented boom. It is estimated that by the end of the year, one billion virtual consultations will be carried out 4, a trend that will continue throughout 2021 in the country most affected by the epidemic.
On the other hand, there was growth in the market for devices that allow older adults to be more independent in their own homes. As a result, there will be more devices based on artificial intelligence connected to the network that will help detect falls or changes in people’s routines and, in this way, know if the intervention of specialized personnel or a family member is required to provide prompt attention.
Edge computing and the power of data
Defined as computing that takes place outside the cloud and at the edge of the network through applications that require data processing in real-time, Edge computing will offer higher transfer speeds with lower latency, ensuring information privacy.
Consequently, the devices will be more efficient when processing data directly, increasing their success rates without sending them to other storage centers.
On the other hand, the Internet of Things relies on data to present it more easily, making technology more consumer-friendly. For their part, businesses will be prepared to make decisions that help innovate products so that they are consistent with customers’ changing needs.
It is contemplated that by 2030 around 125 billion devices will be connected to IoT 5. Everything indicates that the trends in the Internet of Things for 2021 will only be the beginning of things to come in terms of greater device connectivity, impacting industries, and solving consumers’ needs practically.