As we look to automate and make our lives more agile, computerized and efficient, where do we go next? Let’s delve deeper into the evolution of IoT, and its next-generation developments...
Perhaps one of the most exciting developments in the world of IoT is data, with 5G coming in to offer instant communications for data packages of any size, with just 0.004 latency. As countries begin to roll out their 5G technology to consumers, governments, and businesses, we can expect to see incredible new innovations changing the way we communicate and work. Current 4G offers data speeds of around 20 Mbps, whilst 5G speeds will be 500 to 1500 Mbps, offering consumers and businesses more efficiency and opportunity. With data streams now unlimited and always-on, everything can be done wirelessly, benefiting not only businesses in the technology sector, but in engineering, healthcare, recruitment, and retail. By 2021, experts predict there will be around one billion 5G customers in Asia and North America alone.
Combining the power of 5G technology with the internet of things will allow us to enter into a new Big Data age, where every decision is based on fact and exact measurement rather than estimations. In airports, we’ll see check-in desks open based on demand; in hospitals, unprecedented access to data from smartwatches and health wearables will create more advanced medicines and treatments; and in sales, up-to-the-minute feedback will provide retailers with the data they need to pitch the right products to the right consumers.
In time, data-backed tools will increase sales, reduce waste, and even fight climate change, allowing for microgrids to be introduced when non-renewable energy options aren’t available. In transport, smart traffic management tools can reduce congestion, with the UK government saying IoT could save them $1 billion a year and offer a fifteen percent reduction in carbon emissions. And in the business world, IoT can be used to make offices more energy-efficient, with AT&T and Microsoft already embracing the technology to reduce energy consumption and develop eco infrastructure through Azure.
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