User Review( votes)
At the core of the digital universe is data. Thriving at the edge of this paradigm, where it all begins, is the Internet of Things (IoT). As a key component of the digital twin story, IoT is the enabling technology for the acquisition of data that will fuel economic growth. It is also one of the starting points of the data lifecycle.
The March 2022 update of IoT Analytics’ Global IoT Enterprise Spending Dashboard, reveals the IoT market grew slightly slower than the 24% forecasted last year attributing this to factors such as a slower-than-anticipated overall economic recovery, a lack of chipsets, and disrupted supply chains.
What are the top IoT trends we can expect to see in 2022?
Sanjiv Verma: IoT will continue to skyrocket, with ongoing strong business investments in IoT. Businesses are looking closely at how they can run their operations better – optimizing shipping, for example – and putting sensors in the right places can help with that effort.
AI and machine learning (ML) use cases combined with augmented reality (AR) will grow rapidly in 2022. Facebook announced a name change and is now orienting the whole company toward the AR-driven metaverse. This AR-driven metaverse will lead to the evolution of commercial use cases for everyday business functions like meetings, sales, marketing, and skills training.
The key purpose of IoT is to collect data. We need AI because as you collect more data you need AI to process that data- you can’t do it manually anymore (think of facial recognition or contact tracing).
Further developments in AI and machine learning will continue to evolve alongside the expanding metaverse, as more complex solutions are needed to make sense of increasing amounts of data derived from emerging applications
When it comes to enabling the IoT and smart things, everything comes back to data. If you think about all the tiny data points involved in something as simple as a door sensor (when is it open, when is it closed, is it locked or unlocked, who unlocked or locked it) and you multiply that by the number of sensor applications (temperature, occupancy, lighting, water usage, etc.), it’s all data that needs to be stored someplace and accessed by an application or user. The infrastructure that makes that work is all in the data centre, where single-mode fibre adoption has accelerated.
Could you share industry-leading use cases and key sectors that are set to benefit from IoT solutions in APAC?
Sanjiv Verma: Key industries where we have seen accelerated adoption of digitized solutions, especially driven by the pandemic, include healthcare, hospitality, and education.
In a physical hospital setting and in remote healthcare services, we are seeing IoT solutions speed up healthcare delivery and build efficiency. For instance, an IoT-based healthcare management system acts as a central platform to manage the registration of patients to assign them wards and beds. In addition, the use of IoT solutions aid hospitals in better allocating resources by monitoring visitors’ movements.
For full article click here.