By 2020, there will be 30 billion IoT devices worldwide, and in 2025, the number will exceed 75 billion connected things, according to Statista. All these devices will produce huge amounts of data that will have to be processed quickly and in a sustainable way. To meet the growing demand for IoT solutions, fog computing comes into action on par with cloud computing. Fog is even better at some things.
A huge ecosystem of connected devices, named the Internet of Things, has been expanding over the globe for the last two decades. Now, the overwhelming number of objects around us are enabled to collect, process and send data to other objects, applications or servers. They span numerous industries and use cases, including manufacturing, medicine, automotive, security systems, transportation and more.
The Internet of Things is no longer an experiment. It is penetrating all vertical markets, promising new opportunities both for customers and service providers. The IoT infrastructure has the greatest potential to integrate the physical and digital worlds and create new revenue streams and business models.
Modern technologies cannot but influence the biggest industry in the world — manufacturing. Industrial robots have been working in factories alongside human workers for quite some time. They help create efficiencies at all stages, from raw material to final product, are able to operate 24/7, and can be highly cost-effective for any company.
In today’s world, people are too busy to take care of their health in a traditional way. It takes too much time to make an appointment with a doctor, undergo tests, wait for a diagnosis and be prescribed treatment. The solution might be devices that are being constantly worn on the body, monitor different health parameters and timely transmit data to users and doctors. And such devices do already exist!
The machine learning technology as a part of the artificial intelligence field is evolving quickly and has implications for all industries and areas of life. It’s important for businesses to be aware of the technological innovations, big changes and the latest trends. The best way to do this is to attend different tech events.
The driverless car market is just starting to emerge, but experts predict its rapid growth in the coming years.
A number of the leading global automakers such as BMW, Audi, Volkswagen, General Motors and Toyota, together with IT-giants Google and Apple, place serious emphasis on autonomous driving and IoT technology. They are actively engaged in the development of automotive IoT solutions to assist drivers and, as the ultimate goal, to create a Level 5 (see below) self-driving car.
The Internet of Things (IoT) is a network of sensors, devices, tools, services, people and organizations that are able to connect, exchange information and communicate with each other. Only a few years ago, this fast-growing force was just a futuristic buzzword. Since the IoT has become reality, it has transformed many industrial sectors, providing them with diverse data. Using this data, a company can offer new services, build new applications and improve its efficiency.