Internet of Things or IoT is the inter-connection between distinctive and embedded computer devices belonging to an existing Internet related infrastructure. It offers an advanced connectivity of computer devices, systems, smart objects etc., which goes beyond M2M (Machine to Machine), thus, ushering automation in almost all fields.
Internet of Things: Recent Trends and Future
Nowadays, Internet of Things is considered to be one of the emerging technologies that, with time, would have a great repercussion on global businesses. In fact, it has grown to be a mega technological trend among other emerging technologies and is expected to be so in the upcoming years.
Internet of Things: Challenges
Similar to any other technology, Internet of Things is even not free from challenges. After all, it is not easy to maintain consistency in the wireless connection between such a huge number of electronic devices. Hence, IoT is more likely to require the following to move up to the next level:
Internet of Things: The Future of Innovation
Internet of Things, being one of the emerging industries, especially in the country of India, has got the potential of bringing in innovations in different fields leveraging disruptive technologies and open platforms. Researches show that IoT would not just have a noticeable impact on the global IT market but would even change the way we live. Here are some of the innovations that Internet of Things is expected to bring in:
Internet of Things: How Advantageous it is for Start-ups
Now, IoT is becoming the most attention-grabbing market for start-ups, start-up accelerators and investors all over the world. The emergence of innovative smart objects has brought in a brilliant and prospective future for start-ups. According to Gartner, industries that are leading the sector and are into the digitalization of everything are:
Apart from the aforementioned major industries, there are a number of other start-ups who are venturing into this newly emerging industry:
Opportunities and Challenges for Start-ups Leveraging Internet of Things
Start-ups that have already taken a step forward towards Internet of Things are of the opinion that innovation is highly necessary for businesses for creating a competitive advantage; and IoT is such an emerging technology that helps businesses with world-class IT innovations, thereby, offering start-ups a number of growth opportunities to savor. However, it is not free from challenges. Here are some of the major opportunities and challenges that start-ups might experience while leveraging Internet of Things:
In spite of all these challenges, Internet of Things can help start-ups add value and sustain it for a longer period, if adopted and implemented properly. In fact, IoT is predicted to be the inevitable future of start-ups.