Some things were so revolutionary to society that it set a new standard; the iPhone, electric cars, and remote work are just a few examples. The brilliance of these advancements is that they consistently innovate and contribute new benefits to our everyday lives. Considering all the technology you have in your life right now, could you imagine it being any more powerful? We need to understand that this is where it’s headed. The extent of which will be surprising until it is met with further advancement.

A key area to focus on when it comes to technology innovation that will benefit everyone is the Internet of Things (IoT). In the simplest of terms, it is a concept that involves data tracking which is then exchanged with other networks. For example, imagine if your car insurance was reduced after trackers in your vehicle established that you are driving safely. Another example can be seen with fitness trackers like FitBits and AppleWatch. These technologies track and store information which we then have access to at all times.

So where does all this information go and what is it used for? The internet of things is the cloud in which all this information is stored. It is then used to customize the experience for regular users. This concept branches out to unbelievable lengths, Barcelona, Spain for example is known as a Smart City. It has earned this term because virtually everything is connected and automated to make them energy efficient, spend money wisely (at a far lower cost), and optimal for those living there.  

The IoT space is a multi-trillion dollar market, we can only imagine the major player it will be in everyday life soon. The amount of problems IoT can solve is immeasurable, but let’s look at a few things to consider if you’re looking to invest time or money into it: 

Connectivity

With the right software supporting technology in these objects, you can have everything done for you according to your needs. The objects of which will be everyday things that are as simple as clothing, watches, or a refrigerator that can then be connected to the internet. 

If we consider how attractive connectedness is to people these days looking at social media, how our devices sync, and even being able to control things from far away (arming a home security system). We can imagine the excitement that’d erupt for everything we use to be connected and much easier to use.

Security

Obviously with this level of information being tracked and stored it is sure to cause concern for our privacy. The major concern when it comes to AI and IoT security is hackers gaining access to these databases. 

This is not a small issue, service providers must have systems that prevent this issue from happening and should not be allowed to sell without proper measures. Manufacturers of these devices then have the opportunity to use their security features as a selling point.

Efficiency

We always search for new ways to do things and make every day just a little more convenient. IoT is efficient in numerous ways, it can save energy by adjusting lighting or temperature controls to the needs of an environment. It can prevent you from making mistakes by giving you reminders or information you may need. Even for a business, it can be adjusted to the technological functions of manufacturing processes or data storage. 

Artificial intelligence (AI) is becoming more relevant in our personal and professional lives. In years to come, AI and IoT will completely remodel the traditional landscapes of industries, economies, and businesses. The ability of IoT technology is endless, virtually any issue you can think of, IoT has or soon will have an answer to.

What’s Next?

When considering what the advancement’s AI and IoT mean for our future, it must be noted that there will be resistance and hesitance with something this new. It may take time to realize that virtually everyone can benefit from this technology. 

It can save our environment, benefit the economy, and even free up time or stress from our schedules. Now it is not perfect and still has a long way to go before we can instill it to this extent. With more research and help from the new generations, it can get closer to a new standard that we don’t look back on.

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