Future Scope of IoT

The Internet of Things (IoT) is a network of physical objects (or "things") that are connected with sensors, apps, and other technology to communicate and exchange data with other devices and systems over the Internet. The prospects for IoT in the future are endless. Increased network mobility, advanced artificial intelligence (AI), and the ability to deploy, automate, orchestrate, and defend complex use cases at hyper-scale would drive advancements in the industrial Internet. In this blog, we brief you on the IoT, why IoT is needed, how IoT works, the future scope of IoT in healthcare, the agriculture and automotive industry, and the IoT opportunities in the market.

What is the Internet of Things (IoT)?

The Internet of Things (IoT) is a network of interconnected systems that include sensors, electrical appliances, cameras, and other devices. They are programmed so that the Internet of Things (IoT) provides automation for the connected devices. Smart TVs, refrigerators, and air conditioners are examples of IoT devices that we see and use regularly. To operate these devices, we need to send commands to them using our smartphone application. We also use various portable IoT devices, such as smartwatches and wristbands, to monitor our pulse, blood pressure, and walking distance. All of this is possible thanks to the smart integration of technology and equipment to form an IoT product.

Furthermore, thanks to advances in AI and Machine Learning, the IoT's future potential has grown significantly. The Internet of Things' promise is not limited to healthcare. There are numerous other IoT implementations. This blog will discuss the Future scope of IoT in Agriculture, healthcare, automotive, and industry. Now, let us discuss the need for IoT.

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Why is the Internet of Things (IoT) necessary?

Have you ever gone to the store and forgotten to turn off your air conditioner, fan, or lamp and felt helpless that you couldn't return home to turn it off? This is where the Internet of Things (IoT) enters the picture. It will serve as a reminder for essential activities that you often forget. You can also use the smartphone application to connect your IoT-enabled home appliances from anywhere in the world.

The NFC (near field communication) smart ring is another fascinating IoT product.

These rings may be used for various purposes. They are rings made up of network connectivity, NFC chips, and sensors that allow you to share data. You can use NFC rings to pay your bills, access your car door with a simple swipe, and get smartphone messages. Isn't it a fantastic idea that allows you to do anything by simply swiping the ring?

Much of this is made possible by the IoT devices' links to Internet servers, allowing data to be shared and exchanged. This technology minimizes human labor and saves a significant amount of time.

Now, in this blog about the future of IoT, we'll only look at how IoT devices function.

Working of an IoT

Smart mobile gadgets, local area networks, the Internet, cloud servers, and user applications make up the Internet of Things. A local network is used to link IoT devices.The information is then sent to the cloud servers through the Internet. The cloud servers also supply the IoT system with data or information from the end-user application.This knowledge exchange is a two-way interaction that aids in the operation of the IoT system.

As seen in the diagram below, an IoT structure consists of four main components.

(Image)

  • IoT Devices: They are smart electronic devices with wireless sensors that assist in data sharing over the Internet.
  • Local Network: It aids in the retrieval of data from Internet-connected computers.
  • The Internet: It enables devices to communicate with consumer apps and servers.
  • Back-end Services: A remote server, user access and control, and smartphone applications are also included. 

These programs are still available to assist in exchanging streamed data from multiple IoT devices and end-user applications.

To effectively run an IoT device, these four components must be combined. Let's take a look at some of the IoT's future scope.

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IoT Future Scope

The Internet of Things (IoT) has risen to prominence as a global technology. It has grown in popularity in a short period. Moreover, advances in Artificial Intelligence and Machine Learning have made IoT device automation easy. In general, AI and machine learning programs are paired with IoT devices to provide proper automation. As a result, the Internet of Things (IoT) has broadened its field of application across various industries. We will address the implementations and potential IoT scope in the healthcare, automotive, and agriculture industries in this blog.

Scope of IoT in Healthcare

We'll look at the future of IoT in the healthcare sector in this section. The Internet of Things has proven to be one of the most useful technologies in the healthcare industry. It aids in the provision of specialized healthcare to patients, doctors, and researchers. Smart diagnosis, wearable devices for tracking health, patient engagement, and several other services are available. Besides, IoT applications have alleviated undue pressure on the healthcare system.

On a secure network, healthcare devices can deliver patients' health data directly to physicians. This enables physicians to diagnose patients in outlying areas.

The following are some of the reasons why IoT is useful in the healthcare industry:

1. Treatments by reducing errors

There is a reduction in manual errors in diagnosing patients due to IoT devices. As a result, patients will receive timely care. Besides, compared to manual diagnosis, 24/7 diagnosis by gadgets provides a clearer picture of patients' wellbeing.

2. Cost reduction in treatments

In addition to other medical costs, manual diagnosis takes time and necessitates the use of a range of expensive equipment. In addition to other medical costs, manual diagnosis takes time and necessitates a range of costly equipment. Using IoT modules, we can reduce these costs. Besides, since patients can be diagnosed at their respective locations, hospital costs and congestion can be reduced.

3. Availability of specialists in remote locations

The Internet of Things addresses one of the healthcare industry's major issues: the scarcity of doctors, especially specialists, in rural areas. The care of patients in the absence of doctors is now possible due to the Internet of Things. All that is required for the patients is that they must wear the device.The computer would then submit all of the real-time data about the patients' wellbeing to the appropriate doctors for analysis.In this way, the Internet of Things' reach is assisting the healthcare sector in providing adequate services to the needy.

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Scope of IoT in Agriculture

Food is one of the three essential human needs. We farm to meet the demand for food. However, as the world's population grows, the agricultural industry is confronted with numerous challenges. Changes in weather and the environment also have a significant effect on the agriculture industry. The industry has turned to technology to boost productivity to meet the growing food demand. Precision farming, agricultural drones, and smart farming apps are all part of it. All of this is installed on top of an Internet of Things framework. 

Precision farming

Information and Communication Technology is a tool for smart farming in agriculture. Crop fields are monitored with the aid of IoT-based devices. Sensors are used in the technology to measure soil moisture, humidity, and temperature. It also allows effective use of water by using an automated irrigation system. Precision farming will enable farmers to keep track of their crops and increase productivity.

Drones used in Agriculture

One of the best Internet of Things applications is agriculture and farming drones. They're used to make agricultural processes more effective. Drones are used in agriculture to plant crops, irrigate fields, spray pesticides, and track the fields. It's easier to assess the health of crops with the aid of drones. All of this is made possible by smart IoT-based devices used to create agricultural drones.

Smart greenhouses

Farmers use greenhouse farming to enhance the productivity of crops. Manual intervention is used to monitor the environmental factors that influence crop growth in greenhouse farming. Manually regulating the process for crop development, on the other hand, is less productive. The Internet of Things (IoT) and technological advances have led to the creation of IoT-based greenhouses that include sensors, climate controls, and other devices.

These IoT devices aid in the measurement of different environmental factors under plant requirements. Since all sensors and devices communicate with each other through the Internet, they provide accurate information about the environment's current state. The devices then trigger actuators that control greenhouse heaters, fans, windows, and lighting to match the environment.

This is how the Internet of Things is helping to boost agricultural production.

Scope of IoT in the Automotive Industry

The Internet of Things is revolutionizing the automobile industry in the twenty-first century. One of the most significant applications is creating self-driving vehicles, which has altered the automotive industry's trends. Engineers developed Self-driving cars to reduce human mistakes and ensure a smooth ride. Self-driving cars are being developed by several firms worldwide, including Google, Tesla, Mercedes-Benz, Volvo, Audi, and others. Data Science, Artificial Intelligence, Deep Learning, and the Internet of Things are all included in these self-driving vehicles. IoT computers are programmed to assist in the creation of an autonomous self-driving vehicle infrastructure.

HD cameras, thermal sensors, smart navigators, speed controllers, rain sensors, wireless networking, and proximity sensors are among the IoT products. You must enter your place and destination while using these vehicles. The navigator then assists in locating the target and attempts to find the shortest path. Following that, IoT-based HD cameras help gather visuals of the environment and send the data to AI-based systems. These systems interpret and visualize data from the environment and adjust the self-driving cars' responses accordingly. IoT-based speed controls assist in regulating the speed of these cars in response to traffic and congestion. This is how the Internet of Things is transforming the automotive industry's trends.

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Opportunities in IoT

India, as a developing world, has immense IoT potential. According to Naukri.com, India's future potential for IoT is enormous, with 117,114 work opportunities for IoT Developers. In contrast, in the United States, demand for an IoT Developer has increased by more than 300 percent.

As we all know, any electronic computer today comes with an IoT system pre-installed. IoT has a promising future ahead of it. Take a quick look at the graph below to see the number of IoT Developer positions that have been available over time.

IoT Developer positions

Salary of IoT Developers
In terms of compensation, an IoT Developer in the United States earns an average of US$164,417 a year. The average annual wage in India is 850k. This is an exciting package with which to begin your career.

This is all about the IoT's future potential and how its technologies are transforming the world.

Related Article: IoT Applications

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Conclusion

Due to various technological advancements and users' ability to connect technologies such as smartphones with household computers, the future of IoT is virtually limitless. Wi-Fi has allowed people and machines to communicate on land, in the air, and at sea. As we approach the Fourth Industrial Revolution, both businesses and governments must have ethics in mind (Pye, 2014). Since there will be too much data flowing from device to device, technology protection will need to expand at the same rate as bandwidth to keep up with demand. Governments would undoubtedly have to make difficult choices about how far the private sector can go in terms of robotics and data sharing. The prospects are exciting; productivity will rise, and incredible things will result from global connectivity.

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Manikanth
Manikanth
Research Analyst
As a Senior Writer for HKR Trainings, Sai Manikanth has a great understanding of today’s data-driven environment, which includes key aspects such as Business Intelligence and data management. He manages the task of creating great content in the areas of Digital Marketing, Content Management, Project Management & Methodologies, Product Lifecycle Management Tools. Connect with him on LinkedIn and Twitter.