4 Game Changers in the IoT

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The Internet of Things is creating a buzz. We hear about it everywhere. Connected cars, smart buildings, connected watches, smart machine tools. All sectors are impacted. And the development of the IoT is accelerating significantly.

Today four major elements are changing the situation in this technological revolution.

The explosion of connectivity:

By 2021, more than 50 billion connected objects are predicted. There will be more than 3 billion 3G connections. Cellular connectivity, via M2M ( Machine to Machine ) SIM card. Indeed one of the solutions to make an object communicate. But other forms of connectivity are also developing.

Such as the LoRa network (low-speed and low-frequency connection, low energy consumption), or Sigfox. 5G development is planned from 2019-to 2020, should make it possible to further accelerate the development of the Internet of Things.

Falling sensor prices:

It is difficult today to establish a price range for sensors, as there are so many of them and their uses are so diversified. However, the reduction in the purchase price is a proven fact.

The rise of competition and the increase in demand for low-cost connected products in the consumer market, in particular, is driving prices down.

As a result, the global sensor market is expected to grow by an average of 7.5% per year over the next few years to reach $10.5 billion in 2022 according to IC Insights.

The firm Roland Berger meanwhile predicts an increase in sales of 17% per year on average to reach 30 billion units in 2021.

The miniaturization of sensors:

Ever smaller microprocessors for even more powerful chips, the elements are miniaturized and perfected. Sensors the size of a grain of sand are now able to collect pressure, temperature, or movement data and transmit this information.

Driven by the smartphone industry, where this trend towards miniaturization was first observed. The convergence of new technologies now makes it possible to manufacture sensors adapted to all types of environments and constraints.

Cloud development:

Data captured and stored in the raw state is only an empty shell. This is why it is essential to put in place the right algorithms to exploit the data and restore it into intelligent and usable information for the trades.

The development of the Cloud is an important factor in the democratization of the Internet of Things because it allows access to almost unlimited storage capacities and simplifies the crossing of data which will then be sent to third-party data visualization applications.

Choosing a Cloud infrastructure also offers more agility and flexibility in terms of management of a set of heterogeneous connected objects. Finally, there is the question of the security of the data collected. Cloud solutions thus make it possible to offer an additional guarantee in terms of data protection.

In conclusion:

Sensors, data feedback, storage, information processing… each stage of a connected object project has its technological challenge. From the connected house to industrial chains, the Internet of Things is everywhere today. If certain technological problems persist, the new perspectives offered by the IoT are a reality.

Creating new services, reinventing economic models… the Internet of Things is gradually and subtly transforming the world as we know it.

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