How IoT Is Changing the World?

How IoT Is Changing the World?

In this blog, how Internet of Things is changing the world?

Internet of Things is the system of interconnected computing devices, digital machines, sensors, actuators and Network connectivity which helps to allow these objects to transfer the data through a network without requiring human to computer interaction.

As you already know, you will have seen yet, every industry has been invested in Internet of Things. In fact, IoT is one of the primary drivers of the digital transformation in future too. With the help of IoT, many MNCs companies can create a self-learning environment

Top IoT Trends

Security

As people are rely on connected devices to makes their lives better and simpler, security is a major one. In fact, every participant in IoT environment is responsible for the security of the devices, data and solutions. It means, every person either he/she is manufacturers, consumers, operators, integrators or enterprise business should all follow the best practices. This IoT security needs a multi-layered approach. Hardware and software and data should stay secure via the product life cycle.

Retail Industry

Internet of Things is the greatest influence on the retail industry. Major retailers such as FoodBazar, BigBazar, Walmart etc have begin using machine learning and IoT technology to enhance their customer experience and improve their sales.

Smart City

Smart city of Internet of Things will focus on increasing the lives of people which live in the world's biggest metropolises

This smart city technology can help to streamline transportation by gathering huge amount of data regarding traffic, parking lots and public transit.

Blockchain

In general, blockchain plays an essential role in improving security, helps to make transactions more seamless and creating efficiencies in supply chain.

Two key ways in Blockchain technology

Reduce costs

Blockchain technology allows peoples to reduce the time commitments cost by eliminating the "middle man" of the process.

Create Trust

Blockchain will helps to develop trust between the people and parties which transact each other. In fact, it helps to decrease the risk of collusion and tampering.

In final analysis, we expecting these trends are plays an essential role in IoT projects enterprise in these year and future too.

Last updated:10/7/2020 4:17:25 AM
Elysium

Elysium

ElysiumPro provides IEEE final year projects for final year arts and engineering students in various domains

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