What to Expect? Top IoT Trends to Follow in 2020

by Alex Hales Business Analyst in San Jose

What to Expect? Top IoT Trends to Follow in 2020

Internet of Things (IoT) is poised to create a positive impact in every sphere of business. From smart homes to parking spaces, IoT is bringing more things into the digital fold every day.

“According to Gartner’s prediction, we will see 20.4 billion connected devices by 2020. This number is certainly enough to demonstrate the rate at which IoT is going to grow this year.”

Today, we will discuss the top IoT development trends in 2020 that will revolutionize your lives. High-performing and user-friendly mobile applications become a smart IoT Application development solution to engage customers. You can hire Android developer to build custom IoT apps as per client’s needs.  

Home Automation Will Soar Popularity, Now and in the Next Decade

Smart home devices using IoT is hard to resist. Applications with advanced technologies like IoT will make homes more innovative and offer great assistance to their users. Besides great comfort, smart home devices enhance home security to ensure the complete safety of its users. 

Hack Anything to Secure Everything – IoT Security is a Prime Concern

With more and more devices connecting to IoT, the bulk amount of information is transferred across multiple networks. As the network expands, information is at risk. A reliable top IoT App development companies are looking forward to more robust IoT security solutions to prevent any loss of data due to malicious or DDoS attacks. Thus, becomes a significant trend among all upcoming IoT trends in 2020.

Big Data & IoT – The Next Frontier for Innovation

The upcoming IoT app trends will surprise by not only streamlining effective processes but also in executing tasks while making lives easier and comfortable. With the use of AI and big data techniques, the IoT applications foster improved decision making by extracting meaning and valuable insights.

IoT is Poised to Change Retail

In today’s omnichannel retail, IoT reduces inventory error, optimize supply chain management, and decrease labor costs. In a report by Verizon, “77 percent of retailers believe that IoT solutions help improve customer experience.”

With increasing demand, top IoT applications that will change retail in 2020.

1.       Automated Checkout

Long queues deter customers from purchasing products. With IoT, you can set up an advanced system to read tags on each item which is automatically read when the customer leaves the store, money is deducted from the customer’s payment wallet. It is a reliable way to save time and money. According to McKinsey, automated checkout can reduce cashier staff requirements by up to 75%, resulting in savings of $150 billion to $380 billion a year in 2025.

2.       Offer Personalized Discounts

Make loyalty a rewarding experience for your customers. With IoT, you can track items that customers have been looking for online and send personalized discounts while making in-store purchases. Instead of offering general discounts, you can tailor each discount using IoT thus, maximizes conversion rates.

Leveraging the capabilities of IoT Solutions for Smart Cities

To cope up with hyper-urbanization, cities are now focusing on becoming smart cities. Connected technologies and IoT solutions for smart cities help to enhance the quality, interactivity, and performance of urban services.

Smart infrastructure includes advanced connected streets, smart lighting, high-class parking, and other transportation innovations.

Smart Lighting – With smart lighting, you can keep track of lighting in real-time thus, ensures optimized illumination.  

High-Tech Parking Management – IoT solutions help you find the exact vacant location at different public places. Smart In-Ground Vehicle Detection Sensors are core technologies used in the smart parking solution.

Closing Statement

When it comes to IoT, 2020 is certainly going to be an impressive year. IoT solutions offer endless opportunities for businesses. Be it any industry like healthcare, transportation, public utilities, etc. IoT is fueling innovation for attracting customers, developing brands and enhancing user experiences. Soon, careful strategy for the adoption of IoT solutions can result in improved profitability for any business.

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Created on Feb 3rd 2020 04:20. Viewed 517 times.

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