Checkout top 08 IoT trends in 2020 to accelerate digital transformation, unlock revenue streams, improve business efficiency and drive innovation in your business.

1. TOP 08
IOT TRENDS
TO WATCH
OUT
IN 2020
WWW.BACANCYTECHNOLOGY.COM
Top IoT Trends + Digital
Transformation = Drive
Innovation in Your Business

2. The Internet is the Blue Whale engulfing
anything and everything it comes across
in its path. Today, not only computers,
laptops, and smartphones, but any mere
digital device like a mirror, refrigerator,
vault, or microwave is also under the
spell of the internet. Who knows what
this greedy Whale is preying up next!
Imagine a situation. You are at a café
with a friend, whom you have met after
ages. You are engulfed in the
conversation, and considering your food
preference, you have asked the waiter to
serve the ordered items one-at-a-time.
On the other hand, you don’t like a
waiter hovering around your table.

3. Then, how come the waiter will get to
know when to serve the next ordered
dish without your instruction?With
incredibly smart vessels, your empty
glass or plate will update to the waiter,
on your behalf, without your manual
instruction.
This scenario might be new now, but
soon, we all will be accustomed to such
smart trends of IoT. You might ask, how
will IoT be used in the future? I was
reading a blog on top IoT trends 2018,
and the drastic upsurge that I found in
the IoT trends 2020 was unbelievable.

4. Top IoT Trends That Will Soon
Become the Mainstream
As per the results of a recent trend in
IoT, a study was conducted by Juniper
Research, the implementation of 5G in
2020 will resume the SmartCity project
with more than 38 billion IoT devices
around the world.
Governments are investing more reliably
and massively on IoT technology. As per
the latest IoT trends, in 2020, IoT will
generate $344 Billion revenue and will
reduce the cost up to $177 Billion.

5. Thanks to the Internet of Things, smart
devices as edge computing is emerging
over cloud computing. Industries and
Individuals are probably adopting Edge,
owing to the tremendous benefits it
retains. To know more about the impact
of IoT recent trends on key-industries,
check out.
Gartner identifies top 10 strategic IoT
technologies and trends.The year 2020 is
awaiting such significant transitions that
have taken existence because of IoT.
Some of them are Artificial Intelligence,
Voice User Interface, BigData,
Blockchain, Digital Twin Technology, and
more.

6. I am writing a blog as an in-detail
guideline, where we will discuss about
internet of things latest trends. Let’s take
a closer look at top IoT trends 2020 to
find out how you can utilize the most by
being well pre-prepared to take the lead!
To understand in-detail
how IoT will drive digital business
innovation, Gartner has published one
more case study explaining top strategic
IoT trends and technologies through
2023, to identify the technologies and
their impact on businesses and
infrastructure.

7. Here are the Top 08 IoT Trends in
Market to Look Out for in 2020
Trend #1 A leap in Artificial Intelligence
With the growth of IoT, several devices
interconnect, which leads to a rise in the
amount of data. Such vast amounts of
data become a playground for Artificial
Intelligence.
The tremendous potential of AI is
accountable only when large amounts of
data are available.

8. As the IoT trends 2020 boosts,
entrepreneurs around the world are
leveraging the emerging technology and
investing in the benefits of AI to reap
the benefits considering the future
benefits.
In 2020, Amazon, Microsoft, and
Google, the global cloud vendors, are
competing based on their AI
capabilities.
Major start-ups and even established
enterprises are investing in AI this year
to make the most out of their abundant
data by adopting machine learning and
deep learning.

9. By far, only a narrow audience knows
about Alexa, Google Assistance, and Siri
as speech-recognition internet of things
devices.
However, with IoT exceeding all the bars
in 2020, several people are accepting
these and even other personal audio
assistance with enthusiasm.
It has given the companies producing
these devices a leveraging opportunity
to establish the Voice User Interface
(VUI) dominantly.
Trend #2 Voice User Interface will be no
more a Fantasy

10. Voice is the simplest and the most-used
(80%) mode of communication.
Entrepreneurs like you must take any
opportunity to avail- VUI to your
customers.
The corporate and lifestyle sector has
proper scope for VUI, for example, in
meetings/conferences, office check-ins,
shared data access, etc.

11. The humongous data generated from
the internet of things devices and
sensors leave is a chief driver for the
growth of the global BigData market.
You will be amazed to know
what is the relation of IoT and BigData in
our society! IoT leaves a trail of useful
information such as human interest,
patterns, decision instincts, work habits,
productivity zones, and more.
This enormous amount of data hence
generated, is used by the BigData
techniques to transform it into useful
analytics.
Trend #3 BigData will make you the Boss

12. Marketing research by Frost and Sullivan
has shown that when powerful
technologies like AI, IoT, BigData, and
Blockchain come together, they can
bring transformation into the human
lifestyle. The organizations using such
IoT trends are assured to succeed, so
why not be the first one!

13. With the rise of IoT trends 2020, security risks
are also increasing. As the network of
connected devices is growing, the
vulnerability faced by data is a serious
consideration.
Trend #4 Blockchain as a Savior
Blockchain is a decentralized network
where everyone on the network can
access the data over it freely, and only the
ones having a private key can make any
transactions.

14. According to International Data
Corporation, 20% of IoT projects will
expedite Blockchain. Blockchain
eliminates the need and role of the
middlemen; hence, it lays the maximum
reliability and trust on the network.
Financial institutes, Industries,
Entreprises, and Governments are using
Blockchain, and the IoT wave has put
higher hopes on Blockchain.
The combination of IoT and Blockchain is
an extravagant solution that has the
potential to flourish in the following
industries: Supply Chain, Logistics,
Agriculture, Smart homes, Pharmacy, and
Automotive.

15. The Digital Twin is a digital copy of a
physical object, created to optimize
productivity, reduce time-to-market, and
eradicate failures. With the latest IoT
market trends in 2020, organizations are
leveraging the Twin technology to a
higher degree.As per Gartner, 24% of
organizations that already use IoT trends,
already use Digital Twins, and another
42% plan to use it in the upcoming three
years. The benefits of this acute tech are
delivery of next-level performance by
eliminating complexities.
Trend #5 Digital Twin Technology for
Speedy Implementation

16. The Digital Twin of any IoT device can
help replicate, simulate, test, analyze,
and explore hazardous environments.
In this way, Organizations like yours can
reduce costs, increase accuracy, avoid
failure, and predict the future.That said,
every big opportunity comes with an
elevated responsibility.
To avail yourself of these leveraging
opportunities that IoT brings, you must
also consider what you should be
precautious. Every coin has two sides,
and so does the coin of IoT. With the
highs that IoT trends 2020 bring to us, we
should also prepare ourselves for the
lows.Let us have a quick look at them to
be aware.

17. Security is a crucial aspect of the Internet
of Things technology that has been in
debates. We believe that as IoT grows,
the security concerns will also increase.
The Internet of Things offers endless
possibilities to improve the interaction
between smart devices and data sharing,
but this same feature makes it highly
susceptible to vulnerabilities.
As the network of connected devices
grows, it becomes a mandate to keep the
data secure. Hire expert IoT Company to
develop viable solutions that ensure data
safety with no leakages in the network.
Trend #6 Security Concerns

18. IoT is a comparatively new technology,
and that is the reason for it being
unregulated. Sooner, the data collected
by the IoT connected devices will
categorize under the General Data
Protection Regulation (GDPR).
Hence, as you want to work with IoT, you
must ensure the personal data security
and develop IoT apps and devices that
are ethically and socially viable, after all
the legal considerations.
Trend #7 Social, Ethical, and Legal
Issues

19. The ever prevailing standardization
problem still retains. With various
organizations inventing their own IoT
devices with their customizations.
There rises the ultimate choice hindrance
of compatibility and acceptance for the
end-users.
Hoping for a solution that comes up like a
standard framework for all kinds of
Internet of Things devices is a win-win
situation for everyone.
Trend #8 Lack of Standardization

20. The trends of IoT have evolved
significantly over the past few years and
are continuing to grow fast in the tech
world. Experts say that industries and
consumers are going to be lucky for
availing advanced smart- devices.
Businesses of all shapes and sizes want
to lead this revolutionary phase by
creating their own IoT app, if you too
want to be a part of the digital revolution
and looking for experts who have upper
hand as well as proven expertise in IoT,
then hire IoT developer from us to hail
on the ride to success.
In a Nutshell