Prospects for Internet of Things Transformation in 2019[SMT Exhibition Tips]

13 Jul 2019

The Internet of Things (IoT) is growing at an unprecedented rate, creating new business opportunities for companies and helping them stay ahead of the SMT Exhibition competition in the long run. From the following data, we can glimpse the broad prospects for the future of the Internet of Things.

7 billion active IoT devices worldwide. ((IoT Analytics)

It is estimated that by 2020, the number of active IoT devices will increase to 10 billion units, and by 2025, this SMT Exhibition number will further increase to 22 billion units. (IoT Analytics)

By the end of 2021, the market value of the Internet of Things is expected to reach $520 billion.

The innovative IoT trend has brought digital opportunities to companies to help them gain an edge in the competition. In 2019, what changes will the SMT Exhibition Internet of Things platform lead to the future of the enterprise?

Artificial intelligence (AI) will be integrated into the SMT Exhibition Internet of Things

The Internet of Things is ubiquitous, and today there are 17 billion connected devices worldwide. The Internet of Things is the basis for the widespread SMT Exhibition collection of device data, which creates a “fertile soil” for data analysis. By integrating advanced artificial intelligence into the Internet of Things, the capabilities of the Internet of Things can be further enhanced. For example, with the integration of artificial intelligence into the Internet of Things, autonomous SMT Exhibition vehicles can not only travel safely, but also use traffic data to make accurate predictions. The Internet of Things will play an effective role in the future construction of infrastructure and road transport.

In the smart manufacturing sector, this will help reduce the SMT Exhibition error rate in the manufacturing process. At present, Amazon, Google, Microsoft, IBM and other big brands have used artificial intelligence extensively in IoT devices to tap potential business value.

Similarly, the application of artificial SMT Exhibition intelligence and autonomous vehicles in the field of Internet of Things has attracted people's attention. For example, Tesla has introduced a self-driving car based on machine learning. Although the level of automatic driving needs to be further improved, it has been able to understand road traffic rules and effectively deal with obstacles.

Tesla's self-driving cars collect real-time data from other vehicles on the road and seamlessly communicate and share with connected vehicles in the SMT Exhibition face of any new road conditions, ensuring safe driving modes.

Industrial Internet of Things and digital hygiene technology rise again

Industrial IoT improves business efficiency and productivity through extensive data collection and analysis. According to statistics, the Industrial SMT Exhibition Internet of Things based on the Internet of Things framework has made considerable progress. It not only increases the productivity of the manufacturing industry, but also reduces the risk factors while increasing profitability.

Another key point of the modern IoT platform is the use of digital SMT Exhibition twinning technology. According to a Gartner survey, billions of physical objects will be presented through "Digital twins" in 3-5 years.

Digital Twins is a powerful software that can be used as a virtual model for a specific product, process or service, and combining it with the SMT Exhibition Internet of Things will narrow the gap between the physical world and the virtual world.

In addition, Digital Health will model and analyze real-time data while monitoring the system to prevent problems before they occur. The combination of the Internet of Things and digital twinning technology can also prevent SMT Exhibition equipment downtime, drive new business opportunities, and simulate future plans.

These three benefits and the impact of virtual reality, the urgent need for enterprises to adopt the fusion technology of digital twins and the SMT Exhibition Internet of Things. Digital twin technology will continue to evolve in Gartner's top ten technology trends. Therefore, companies that do not adopt this strategy will be defeated in the fierce competition.

General Data Protection Regulation (GDPR)

IoT devices collect a large amount of data, and the security risks they pose cannot be underestimated. It is crucial to integrate the security SMT Exhibition standards related to the Internet of Things. GDPR is a general rule that deals with personal and sensitive data. Companies that want to successfully operate the Internet of Things should keep this in mind. In other words, clear and transparent management of the collected data is necessary.

Internet of Things developers should comply with security standards at all levels. Such as data encryption, different verification methods and other aspects. IoT devices and any software used by businesses should legally SMT Exhibition collect data—in a way that is accessible, manageable, and minimized. Once the purpose and method of collecting data is safe and effective, it will enhance the customer's confidence in your business capabilities and have an advantage over the competition.

Use the Internet of Things cloud solution

The Internet of Things cloud solution has been highly sought after. In the 2018 IoT product developer survey, Amazon's AWS and Microsoft's Azure cloud services are the first choice for IoT cloud product development. The two SMT Exhibition giants have strong marketing tools, comprehensive infrastructure and the ability to access services instantly.

The Azure IoT Center platform, released by Microsoft in 2018, facilitates more secure communication between SMT Exhibition devices and the cloud. It's basically a software plug-and-play solution that connects the IoT firmware to the cloud. Including cloud solutions in IoT devices can help companies fully exploit their business potential and generate a miracle for their business.

Edge computing is fully empowered

Edge computing is a distributed IT open platform that processes SMT Exhibition data at the edge of the data generation network. It does not rely on a centralized data processing warehouse; instead, it disperses processing power and supports mobile computing and IoT technologies.

Edge computing facilitates the processing of data by the device itself. Edge computing comes in handy when cloud computing can't achieve continuous connections. Because it has the SMT Exhibition ability to process, analyze, and execute data on the device side, even without fully overwriting the network.

Microsoft, Google, Amazon, etc. are all using edge computing on a large scale.

Amazon's AWS also uses the same technology. It leverages edge SMT Exhibition devices and opens Lambda function interfaces, allowing developers to use machine learning in IoT devices.

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