What is the Future of IoT in Different Sectors | Myths Busted

Future of IoT in Different Sectors

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The Internet of Things is the future technology, but it hasn’t been long since this first came into reality in 1999. Ever since then, and especially after the internet explosion, the industry of IoTs is growing exponentially. 

The number of IoT devices in the world is over 30 billion, approximately. It has already crossed the human population by what? Some 4 to 5 times already, yes! 

The extensive and proper application of IoTs in various fields has revolutionised their current functioning and operations system for better results. In the upcoming time, IoTs will cover more areas of life than just home appliance devices that we see today (Google & amazon echo,  smart lights & bulbs, and smart locks) and will move towards all types of industries like healthcare, transportation, education and more. 

In the future of iot, we can expect a complete IoT ecosystem of interconnected IoT devices gathering and sharing enormous amounts of data all around the earth. IoTs-collected data will play a huge role in all of these industries.      

Key Takeaways

  • Get to know the future of IoT in the industries like healthcare, agriculture, education, banking, and transportation. 
  • Learn how the IoT device can make a difference through data collection. 
  • Understand the benefits of IoT in different fields.

Future of IoT in Healthcare

Smart hospital systems have the potential to revolutionise the healthcare industry by majorly automating healthcare professionals’ work and patients’ healthcare routines with the help of IoT. 

  • Tracking and monitoring remote patients’ vital signs, daily activities, and other health metrics through the use of IoTs-enabled wearable devices like smartwatches built for healthcare purposes. 
  • IoT data enables an efficient and personalised patient healthcare system through the development of personalised treatment plans based on a patient’s unique characteristics and needs. 
  • IoT devices can also assist healthcare providers in better decision-making by providing real-time data.

Future of IoT in Agriculture

The agricultural industry may seem like a place where IoT devices may not have much value to add, but on the contrary, IoT in the agriculture industry can be farmer’s best help in taking care of livestock, crop management, manual labour and more. 

  • IoT technologies are capable of monitoring the health and welfare of livestock, enabling early detection of illness, regular monitoring, tracking of the fertility cycle, and more.   
  • IoT drones can perform physically demanding tasks such as irrigation, fertiliser spreading, and pest control. Most of the chemicals used in pest control and fertilisers are life-hazarding but IoT devices can help eliminate the threat. 
  • The most important aspects of agriculture, farming and crop management can benefit from the deployment of IoT technology in farming. IoT devices can collect data about soil conditions, crop health, weather conditions, and supply chain management that otherwise isn’t available to make farming more productive. 

Future of IoT in Education

After e-learning or the internet in education, IoT in education has the potential to change the experience of teaching and learning again. 

  • The technological advances in classrooms with AR and VR are bringing an immersive learning experience by picking up history chapters from textbooks and placing them in AR/VR headsets, making classroom learning similar to entertainment.    
  • IoT technology can be specifically used for the creation of individualised learning programmes and the delivery of content that is catered to their requirements with the help of a vast amount of generated data about student learning and performance,
  • Similar to the smart home, IoT technology can be utilised to upgrade school premises with smart lighting and temperature control systems, smart whiteboards, and other interactive technologies. 

Must Read: Top 10 Essential Skills Required To Become An IoT Engineer

Future of IoT in Banking

IoT technology in banking and fintech will play a role in providing tailored products and services, improving security, better customer care and more. 

  • IoT-enabled smartwatches scope can be expanded to include tracking & managing personal finances and providing real-time updates on spending.
  • IoT technology integrated with ATMs can be services beyond standard cash transactions, to account management, bill payment, foreign exchange, and more. 
  • IoT-enabled surveillance and CCTVs can improve security and monitoring.   

Future of IoT in Transportation

The integration of IoT in the transportation sector will play a crucial role in enhancing road security and safety.  

  • IoT will connect self-driving vehicles to the internet and to each other to improve road safety by enabling inter-vehicle data exchange about traffic conditions, road conditions, and other factors. 
  • IoT technologies can also be used to collect data about traffic conditions, infrastructure and for real-time adjustment of traffic signals to improve traffic flow.
  • The whole public transportation system can utilise IoT for better tracking and management of passengers, and better scheduling and overall transport management in cities.       

More for you: 6 Ways Technology Is Evolving Travel

Conclusion

The buzzword ‘IoT’ has a long road ahead to completely transforming the world, but it will still drive a major number of businesses and will have its place. 

Thus, there is a heavy influx of demand for IoT professionals to complete the requirements of IoT technology across industries. IoT has become one of the highly demanding jobs in the IT profession. 

Verzeo offers the most relevant IoT course of our time, get onboard and make a career in one of the highest-paying jobs of the coming times. 

Also Read: Effective Security Methods For Internet Of Things(IoT) 

Frequently Asked Questions (FAQ’s)

What is the future of IoT in India?

India is all set to roll out 5G in the country within the next 2 years, which implies the growth of IoT devices in the upcoming years.  

Why will IoT be successful in the coming years?

There are an estimated 30 billion active IoT devices worldwide, and the number of IoT devices increasing exponentially every year. All future technologies like 5G, AR, VR, artificial intelligence, and the Metaverse IoT are integrated and cross paths with their applications and the IoT plays an important role in it. 

What are the 4 stages of IoT?

Stage 1: Sensors and Actuators;
Stage 2: Gateways and Data Acquisition Systems;
Stage 3: Edge IT Data Processing;
Stage 4: Datacenter and Cloud;

Who invented IoT?

‘Kevin Ashton’ first coined the term “Internet of Things” in 1999.

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