Many “things” now include WiFi connectivity, allowing them to connect to the Internet – and to one another. As a result, the Internet of Things, or IoT, was born. The Internet of Things (IoT) is the wave of the future, and it has already enabled devices, home appliances, cars and much more to connect to the Internet and exchange data.
We are already using and benefiting from IoT consumers. We can lock our doors remotely if we fail to do so before leaving for work, and we can preheat our ovens on our way home from work, we can also keep track of our fitness with Fitbits. Businesses on the other hand, have a lot to gain right now and in the near future. As data is collected and processed, the IoT can help organizations improve their safety, efficiency and decision-making. IoT has the potential to enable predictive maintenance, improve medical treatment, and provide benefits we have not even considered.
We are only getting started with this new technology trend: according to forecasts, about 50 billion IoT devices will be in use throughout the world by 2030, resulting in a huge web of interconnected gadgets ranging from smartphones to kitchen appliances. In 2022, global Internet of Things expenditure is expected to exceed 1.1 trillion U.S. dollars. In the following years, new technologies such as 5G are projected to boost market growth.
If you want to work in this trending field, you will need to learn about Artificial Intelligence, machine learning principles, automation, data analytics, networking, hardware interfacing, information security, embedded systems understanding, and device and design knowledge.