What to Expect? Top IoT Trends to Follow in 2020
by Alex Hales Business Analyst in San JoseWhat 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 516 times.