IoT Trends in 2021: Is IoT Worth The Buzz?
The Internet of Things is rapidly maturing, with rising device deployments, revenues, and applications across industries. Despite security concerns, IoT promises efficiency, transparency, automation, and long-term growth post-pandemic.
Internet of Things (IoT) is a term that has been turning heads since the last few years. But one needs to tread cautiously with fancy terms. Time and again, we have witnessed that they may not, unfortunately, be worth the noise and attention they get.
In this article, we take a hard look at relevant data to decide if it is worth the buzz…...
Where better to begin than with the global trend of number of connected devices, which gives a clear picture of IoT deployments globally. In fact, without looking at applications, one can just observe the chart (given below) with its year-on-year numbers, and they tell you a story.
To summarize:21.7 billion device connectionshave been deployed cumulatively as in 2020. To put it in context that’s2.9 connected devices per person globally!(basis the latest census that estimates a ~7.5 billion world population)
One thing to note though: Every connected device is not an IoT device as per our IoT definition, which results in an important and fundamental question:
What makes an IoT device?
‘IoT Analytics’ defines the Internet of Things as a network ofinternet-enabled physical objects.
What basically this means is that IoT devices…
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