IoT Ten Years From Now
Ten years from now, the Internet of Things (IoT) will have become so intrinsic to our society that the term itself will be considered redundant.
Not only will IoT be pervasive in the next ten years, it is predicted that one trillion sensors will be connected to the Internet by 2022. What’s more, technology research firm, Gartner anticipates 500 Internet-connected devices in every home by that year.
Here are six areas where IoT will be especially prevalent by 2027, and how it will apply to small and midsized businesses.
A study conducted recently by connected solutions provider Zebra Technologies found that the hallmark of connected manufacturing would be a decline in manual manufacturing processes. About 62 percent of companies track their manufacturing processes by pen and paper, the study found, but the number will probably go down to about 20 percent in the next five years.
Also in the study, 64 percent of manufacturers say they’ll be fully connected to IoT in the next five years. To maintain visibility, something essential to the manufacturing industry, 63 percent of manufacturers plan to deploy asset-tracking systems.
An increasing number of healthcare companies are getting connected every day, and experts say healthcare has more connected devices than most other industries. By 2027, people will be connected to sensors that will alert them and their healthcare providers of any abnormalities like high blood pressure or heart disease.
Doctors will also be able to 3D-print body parts. In fact, the process has already been done. A study appearing in Nature Biotechnology concludes that it’s possible to replace diseased or injured human tissue via 3D printing. By 2027, the practice will be routine.
Of the 50 billion Internet-connected devices predicted for 2020, three billion is projected to be utility meters, also called smart meters. A Smart Grid will power all connected devices, which would also include smart thermostats and smart light bulbs. In fact, the smart grid will be engineered to eliminate all the energy inefficiencies of the past by making consumers understand how energy is used.
It will do this by implementing a two-way connection between utility providers and their customers. We’ll see things like smart streetlights and smart buildings. This will all be commonplace in 2027.
Clothing is also on the IoT timetable. Despite its spasmodic start, clothing connected to the Internet is becoming widespread in our society. It can already be found in wearables such as watches and rings.
According to the International Data Corporation (IDC), companies shipped out 102.4 million wearable devices in 2016.
The wearable trend, however, is apparently in limbo, as experts appear uncertain of its future. They do, however, predict that 10 percent of people will wear clothing embedded with Internet chips by 2022. The number should quickly rise by 2027. By then, connected clothing will be a given, with people walking around in connected shirts, sweater, pants, and even skin patches and makeup.
In 2027, as vehicles become autonomous, we’ll see a growing number of vehicle-to-vehicle communication protocols.
Safety improvements will increase as well, leading to lower insurance premiums for autonomous vehicles. In fact, a report released by insurance provider Allianz Global Corporate and Specialty (AGCS) concluded that driverless vehicles would lead to lower auto insurance premiums.
We’ve already seen signs that autonomous driving could lead to fewer crashes, as the Department of Transportation released a report concluding that Tesla’s Autopilot mode has resulted in 40 percent fewer accidents.
The UN Food and Agriculture Organization found that human beings will need 70 percent more food by 2050 than they did in 2006.
Thanks to IoT’s growing influence, farmers and agricultural companies will most likely be able to meet this demand. Actually, farmers and companies that manufacture agricultural equipment like John Deere and Monsanto have already begun connecting farm equipment such as tractors and combine harvesters to generate data about farmers’ crop yields.
One technology that is gaining traction is smart tractors. The U.S., in fact, is the world’s leader in Internet-connected agriculture. In fact, they produce almost twice as many kilograms of cereal per hectare of farmland as the world on average.
To illustrate the increasing efficiency of connected agriculture, OnFarm, an agricultural data company, predicts that between 2017 and 2027, the average daily number of data points generated by the average farm will go up from about 250,000 to roughly 1,250,000.
Where to From Here?
There are plenty of changes to come, perhaps matched only by the number of surprises along the way. Some of these will be pleasant surprises, but many will present very unique challenges – especially for small to medium business owners. The smart ones will get the requisite help so they can position themselves to benefit from these developments.
If you’re in business, and you’d like to learn more about the support we offer, reach out to us for a friendly and highly informative discussion.