The Internet Of Things Industry Will Welcome The Five Major Development Trends In 2019

- Jan 14, 2019-

The Internet of Things is a highly integrated and comprehensive application of the new generation of information technology, which is of great significance to the new round of industrial transformation and economic and social green, intelligent and sustainable development. Countries around the world, especially the United States, the European Union, Japan and South Korea, attach great importance to the development of the Internet of Things and actively carry out strategic layout in order to grasp the initiative of the future international economic and technological competition. In recent years, China's Internet of Things policy support has been continuously increased, technological innovation achievements have emerged one after another, applications in various fields have continued to deepen, industry scale has maintained rapid growth, and Beijing-Tianjin, Shanghai-Wuxi, Shenzhen-Guangzhou, Chongqing-Chengdu have been formed. The core four industrial clusters. Compared with the initial period of the “Twelfth Five-Year Plan”, China has achieved remarkable results in key technologies research and development, application demonstration and promotion, industrial coordinated development and policy environment construction of the Internet of Things, and has become one of the most active regions in the global Internet of Things.

The data shows that China's Internet of Things industry continued to grow steadily in 2012-2016, with an average annual compound growth rate of 25.8%. In 2017, the size of China's Internet of Things market reached 1.15 billion yuan, with a growth rate of 24.0%.

By 2020, the Internet of Things is expected to generate $344 billion in additional revenue, while reducing operating costs by $177 billion. Internet of Things and smart devices are already improving performance metrics at major global plants and increasing productivity levels by 40-60%. In 2019, it is predicted that the Internet of Things will usher in five major development trends.

First, the growth of data and equipment

In 2019, approximately 3.6 billion devices will be actively connected to the Internet for daily tasks. With the introduction of 5G, it will open the door for more devices and data traffic. You can cope with this trend by increasing the use of edge calculations, which will make it easier and faster for companies to process data near the point of operation.

Second, the Internet of Things and digital transformation

The Internet of Things is a key driver of digital transformation in multiple industries. Sensors, RFID tags and smart beacons have begun the next industrial revolution. It is predicted that the number of connected devices in the manufacturing industry will double between 2018 and 2020.

In 2019, 87% of healthcare organizations will use IoT technology for healthcare organizations and IoT smart pills, smart home care, personal healthcare management, electronic health records, managing sensitive data, and overall higher patient care In terms of this, the possibilities are endless. This improvement can be applied to many vertical and horizontal industries.

Third, investment increased

The undisputed impact of the Internet of Things has and will continue to attract more venture capitalists to participate in highly innovative projects in the hardware, software and services sectors. According to data from International Data Corporation (IDC), by 2021, IoT spending will reach $1.4 trillion.

The Internet of Things is one of the few markets that is of interest to emerging and traditional venture capitalists. The popularity of smart devices and the increasing use of customers to use them to accomplish many of their day-to-day tasks will increase the excitement of investing in IoT startups. Customers will wait for the next major innovation in the Internet of Things,

Fourth, the expansion of the intelligent Internet of Things

The Internet of Things is all about connecting and processing. There is nothing better than a smart city. Another area that promotes the smart Internet of Things is the automotive industry. In the next few years, autonomous vehicles will become the norm. Today, a large number of vehicles have a networked application that displays the latest diagnostic information about the car. This is done through the Internet of Things technology, which is the core of connected cars. Vehicle diagnostics are not the only IoT advancement we will see in the coming year, and networked applications, voice search and current traffic information will be other things that change our driving style.

V. Artificial intelligence and IoT data

Artificial intelligence is an essential element in understanding the vast amounts of data currently collected and increasing its business value. Artificial intelligence (AI) will help IoT data analysis in the following areas: data preparation, data discovery, stream data visualization, data time series accuracy, prediction and advanced analysis, and real-time geospatial and location (logistics).

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