FX.co ★ What to expect from Internet of Things in 2020

5G integration in new projects

5G technology includes all the latest developments in microelectronics and radio transmission. According to Forrester’s analysts, it will significantly improve Low-Power Wireless Personal Area Networks (LoWPAN) as well as expand their implementation.

According to estimates, a multimodal design will be popular in 2020. It will make voice communication, visual display and touch control equally important. Data transmission to Cloud services or via telecommunication networks will be possible on both personal and corporate devices by means of intelligent displays.

Utilization of IoT devices to get ransom from manufacturers

A great number of devices connected to the network will be actively used in cybercrime in 2020. Hackers will be using personal and corporate devices to blackmail regular customers and manufacturers of the devices.

The close cooperation of software developers with security groups will help to prevent the situation. Experts will be able not only to minimize risks of cyber attacks but also to assist in the development of a proper strategy in case of a cyber threat.

Supply chain transformation using IoT

The IoT technology is designed to provide better logistics in the field of cargo transportation as well as to optimize supply chains. The number of empty vehicles hauls will decrease. As a result, it will positively affect the cost and speed of cargo transportation.

Roads will be safer. The damaged vehicles will be identified and repaired faster. The operation of machines in warehouses will be more reliable while the movement of heavy things will become automated.

Drivers will be able to optimize the work and rest mode on the road. Thanks to a personalized approach the quality of customer service will also be improved.

Ecosystem of related services

The majority of large companies will provide their services based on the IoT data in 2020. As a result, manufacturers will spend less on monitoring the efficiency of products and software updating.

This also applies to connected products which involve constant information exchange between clients and manufacturers.

Major consumers and service providers will move from selling separate products to providing the IoT services supported by partners in a single ecosystem.