The internet of things was probably one of the dark technologies at one time, when people were worried about it as they didn’t know much about it. But that time is long gone. IoT has now become the technology of the masses. Everyone is ready to adopt IoT solutions, employ the best IoT developers, and own IoT devices.

In view of such popularity, it is only fair that we study what IoT trends will follow in the future:

Interconnected devices on the rise

We are right now in the middle of a great revolution that is known as the development of the Internet of Things. And this revolution has already resulted in us being surrounded by a plethora of smart devices today.

So obviously this New Year and the years to come after this, everyone will see an increase in such devices. Plus, with developers working to make these devices connect better than ever, we could be seeing something as simple as toothbrushes getting smarter.

Everything around us needs to become more interconnected, better at sharing and analyzing data, and eventually helping people make better decisions.

IoT and mobile phones: the historical relationship

Speaking of technology, the biggest one is probably the one we carry everywhere with us. Our mobile phones, such is the power of mobile phones in our daily lives, that people are trying more and more to connect them with everything around them, so they don’t have to worry about carrying some other device like some kind of remote control.

The mobile phone, regardless of the brand it belongs to today, has become a brand in itself. Therefore, smart IoT devices would be expected to make the smart decision to connect well with their owners’ mobile phones.

Optimized communication, permanent device visibility – these factors will definitely help drive customer engagement in the future.

Data security risk and information breaches

With everything interconnected, smart devices will surely create some security issues for us as well. 9 out of 10 IoT developers have had the same concern regarding this technology, and their fears are well founded.

Whether it’s our TV or baby monitor, everything we thought was completely harmless could now easily be used as a means of cyber attack. The security and sharing of all our important information will no longer be limited to our Smartphone.

All the data that, in one way or another, we continue to generate on a daily basis, will be at risk of being misused, misinterpreted or simply stolen. And there will be little you can do about it. 2018, therefore, sees an increased risk of data breaches due to IoT.

Creative use of Blockchain for IoT

We have all heard of Blockchain, and it would be safe to say that we are all in awe of the way it works. Offering a decentralized control option, it uses highly advanced cryptographic algorithms to develop a secure system.

Doesn’t that sound like an optimal solution to deal with the privacy and security threat that IoT devices are or could be facing now or in the future? Using Blockchain to ensure the privacy of each and every IoT data exchange would further ensure that if by any chance a single device gets corrupted, no other device will bear the brunt.

The decentralized security system will make it difficult to compromise all devices in the chain; therefore, the entire system will be better protected.

Growing investments

The impact of IoT on the world around us is so palpable that now no one can look away from it. Entrepreneurs are looking for the interconnectivity that IoT offers and adopting it in their own models.

Many are even designing their entire business models based on IoT. If you too are considering IoT applications for your business, you are doing the right thing.

Bsquare conducted a study and found that 86% of companies are adopting IoT solutions, while 95% also believe that IoT could be a good solution. This has further led to global IoT spending approaching $1.4 trillion by 2021, according to an IDC analysis report. So 208 could be looking at investments going as high as… well, there’s no telling how high it could go.

So where is IoT taking us?

It is taking us through technological cracks to technological heights, which we never knew existed, which seemed unimaginable until some time ago. The potential of this technology has always been immense.

Throughout this time, since its inception, the Internet of Things has had a huge impact on how we communicate with the devices around us, how we build and digitize our businesses, and how we exchange and even monetize data.

IoT has taken us on this incredible multi-billion dollar journey while changing our concept of connectivity, privacy and business in general. Speaking of security, it sure has been giving us all a bit of a hard time; But every day, developers are hard at work creating ultra-sophisticated protocols to maintain our privacy in a world influenced by IoT.