IoT has enabled the innovations of solutions for a smarter tomorrow! By the end of this blog, you will have complete knowledge of the trends of IoT, smart living products, smart devices, and a complete smart life approach supported by the future of IoT.
But first, we need to understand the meaning of the word “smart” when it comes to the trends for IoT. You must have heard a lot about the Internet of Things — IoT. Well, smart devices are an extension of this technology.
Today, IoT software development has made smart product adoption very easy in life. Most people get their minds around smart home technology. It helps to remotely lock your door and access your home’s security cameras from your Smartphone. Moreover, it can even regulate the temperature of the air conditioners when you’re not home or open the garage door while you enter the premise. THIS IS THE POWER OF IoT.
What is The Future of Smart Living & Trends in IoT?
If you are wondering how the importance of IoT in daily life will shape the smart living future, then we have some cool statistics for you.
Understanding large-scale IoT projects like smart city, smart agriculture farms, smart building, and smart office automation are often quite complicated. In this post, we’ll help you to understand 2023’s most influential smart living solutions. So let’s check out what are some most popular smart living trends to watch out for in 2023?
Keep reading to make your life easier and your business more efficient.
Up & Coming Trends of IoT You Ought to Know
1. 5G & WiFi 6 – Internet Of Things Trends
Wi-Fi 6 is new in the trends of the IoT market. However, a daily user might not realize the difference in speed between the previous and the new one. It not only comes with a faster rate but also has better security and prioritization.
Whether you are a gamer or a workaholic, it is worth upgrading to WiFi 6. You would enjoy the high speed, wireless connectivity, and more secure connection.
2. Multiple Smart Living Trends of IoT
According to Statista’s report, technology spending on smart city initiatives will reach $190 billion in 2023.
Some smart cities have already started using smart waste management bins that are, in reality, IoT devices that send information about the amount of garbage in it. Hence; it will be easy to schedule pickups of the garbage without the overflow of bins.
What is meant by a smart city regarding the Internet of Things?
In cases of natural or man-made calamities, IoT automation can help a lot in rescue operations by giving invaluable information about people stuck in any given space. Giving rescue buttons on these IoT-enabled smart products can also help in reducing crime rates as quick response teams can reach the location before any mishaps.
If you wish to learn more about how and what is a smart city made up of and how you can launch a lot-enabled smart product business, you can talk to our in-house embedded engineers and IoT experts.
Smart energy monitoring systems and devices will help both commercial buildings and households to monitor their real-time energy usage efficiently. IoT-based Smart Metering solutions will help households and commercial buildings to monitor their overall energy consumption.
Smart street lighting systems powered by cost-effective and energy-efficient LED lights will help cities lower their environmental impact. Thanks to smart grid technology, city officials will also be able to provide faster disaster recovery to residents.
3. AI – Artificial Intelligence
The Internet of Things and Artificial Intelligence are two very different technologies. However, when IoT and AI are combined, these trends of IoT can do wonders. A well-structured combination of the two can aid in a good-performing commercial solution.
These two can, in fact, be titled together as ‘Digital Twins’. These two have resulted in multiple IoT innovations in recent times.
4. Security/Latency
Edge computing is quite a handy method to improve response time and save bandwidth. This reduces the final time as every query goes to the concerned node, not first to the source and then to the source.
The more connection IoT brings to life, the more it becomes a threat to humans’ privacy. But, along with the increased future scope of IoT reaching more audiences, there is also end-to-end encryption to aid the users with more latency.
5. IoT in Manufacturing
IoT has merged with a lot of different sectors recently. One of them is the production and manufacturing industry. This new IoT technology has multi-folded mass production capacities and reduced time-to-market differences. Meeting the higher supply demands than ever has helped in generating more revenue also.
This rising revenue bar has been helping factory owners reduce their costs with improved quality produce yields.
To know more about this, read our blog on IoT in manufacturing.
6. IoT in Healthcare & Medical Field
IoHT – Internet of Healthcare of Things
IoMT – Internet of Medical Things
Are you coming across these terms for the first time? That may be a possibility.
But we are sure you have heard of these or even seen these before in clinics:
The biggest name and global healthcare companies in the USA have adopted IoT connectivity platforms. Their doctors are given professional training and certifications before using high-tech machines to treat patients. Other countries are on the same path and on the verge of becoming healthcare giants.
7. Wearable Technology & Devices
If we are talking about smart living, then the list can’t be complete without talking about smart wearables. With meta-data monitoring, bidirectional data streaming, and event signals; connected devices are reshaping the connection between mobile apps and servers.
The integration of IoT signals for actions of the devices and trigger events based on proximity will be smoother than ever. The bandwidth usage for monitoring and controlling devices remotely is soon going to be overcome with the protocol-independent approach.
Wearable app development with IoT is going to be the new fashion trend with smart clothes, medical wearables, and smart wrist wears.
These examples of smart wearable technology and IoT explain why they are the perfect answer to smart living trends for 2023:
These 3 examples are just a very small glimpse of all the incredible feats achieved to date by smart devices and connectivity IoT technology.
8. Smart Mirrors Technology Solution
The smart mirror is a personal favorite on this list. These beautiful, futuristic products are amazingly beneficial for various businesses and are growing rapidly. Presently they are mainly used in smart homes, automotive, retail stores, and the healthcare sector.
With smart rearview mirrors; the automotive industry is witnessing an increase in the safety of the riders. The drivers can check the traffic conditions, blind spots, and other information from the mirror.
Smart mirrors are soon going to eliminate the need for physical fitting rooms in retail stores. Consumers can have a live view of the dress they are going to buy without even trying them on. Prototypes are already working beautifully, and these mirrors have started to show up at many super malls and stores.
9. IoT in Retail Industry
Major retailers like Walmart have already started using retail IoT solutions supported by Machine Learning and IoT technology. The introduction of IoT will improve the customer experience and increase sales — both eCommerce stores as well as brick & mortar stores.
Some exceptional stores provide services where you can place an order for your desired items, and the machines will collect the products from all across the aisles. As a result; your shopping bag will be ready even before you arrive at the store and you just need to pay the price and receive your package. IoT applications in the retail industry have crossed a new height.
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Trends of IoT – Final Words
Now that you know which is the best bet in the smart living industry vertical; you must be thinking about how these technologies can benefit your business and daily life.
Big Data, IoT, and Cloud application development services will only continue to grow over the years. To avoid being left behind, it’s important that you work with the best smart living companies that can help you to stay one step ahead of trending technologies.
That’s where we come in.
We build smart technology solutions and devices that will become your business startup. Get in Touch with us today to learn more about how our IoT Solutions & Services can help you to streamline every aspect of your business — and boost your profitability as a result.
FAQs
IoT technologies are relatively newer. This means that the device needs time to adapt to the dynamic changing demands of users. Another very grave challenge is of security. However, despite these and the other challenges, the embedded engineers at Excellent Webworld tackle all hurdles that come during the course of IoT software and hardware development.
We need IoT platforms because they are the mediators between physical objects and actionable insights. They also help developers to distribute commands, gather information, etc. They also facilitate sensor managment.
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