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New IoT trends



IoT is forecasted to be a major disruptor in 2021. It is expected to reshape technology and business. IDC expects that global IoT spending will return high growth rates in 2021 and achieve a combined annual growth rate (CAGR) of 11.3% over the 2020-2024 forecast period. Today, millions of people have moved to remote work, putting themselves at risk of cyber-attacks due to a lack of effective cyber protection measures. As more and more employees move to remote work, cybersecurity specialists and IoT advocates are now developing new technologies and IoT-enabled security strategies to bridge this gap. AI continues to support the critical processes of companies and governments, helping to ensure uninterrupted delivery, social distancing, and even help accelerate understanding of the novel COVID-19 virus leading to an accelerated roll-out of the COVID-19 vaccine.

Specifically in eCommerce, research suggests that AI will enable organizations to market more effectively to their customers, based on behavioural data customers have exhibited through this massive economic shift due to COVID-19. To this point, AI-enabled IoT is projected to continue to accelerate business and foster new innovation in today’s new dynamic business landscape throughout 2021. Secondly, when we see how the trends are impacting in the areas of Industrial IoT or IIoT is defined as “Machines, computers, and humans enabling intelligent industrial processes using advanced data analytics for revolutionary business outcomes”. It is going to play a big role in Industrial IoT in 2021. The evolution of 5G will make a great impact on the connectivity of the Industrial IoT industry. The 5G network will allow the IoT devices to communicate the data at a faster speed, increased security, and greater reliability to support mission-critical operations

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