The Internet of Things (IoT) has penetrated the consumer, communications, and industrial worlds. IoT services are defining finance, logistics, retail, and healthcare, to name a few. With a breakthrough in sensors, network communications, applications, and the IoT cloud, organizations across diverse industries are acquiring a perpetual competitive edge in their respective marketplaces.
IoT systems certainly prevail due to wireless connectivity, which is a crucial aspect of the technology. The worthier the connectivity is, the better the performance that the connected devices reflect. 5G connectivity application is one of the top IoT trends of 2020 as it can facilitate recognizing the immense potential of the IoT ecosystems. Moreover, as cloud computing has substantial drawbacks such as low bandwidth and possible latency, several companies are presently investing in edge computing technology. With edge computing, information collected by a device is processed immediately on that particular device without dispatching it to other places.
Similarly, for effective business management, it’s insufficient only to collect information; it’s incredibly imperative to analyze collected data and make appropriate data-based decisions properly. Only AI-driven analytical solutions can combine these enormous amounts of information, fine-tune it in real-time, and draw productive insights. Therefore, today’s IoT is unthinkable without sophisticated data analytics powered by AI algorithms and Big Data technology. Data security within IoT systems is a crucial issue that demands a reliable solution. Currently, blockchain, or distributed ledger technology, appears to be the most convenient tool to assure suitable data protection. As the consequence of growing blockchain implementation in IoT solutions, digital twin technology is advancing in popularity and coming up as one of the primary IoT market trends. The concept of predictive maintenance is pertinent for IoT solutions both in industrial enterprises and in people’s private lives, which is why this technology will increase investments in the years ahead.
CIO Advisor APAC has assessed and compiled a list of number of prominent and innovative organizations within the IoT space. With numerous success stories up their sleeves, these solution providers are proving their mettle in transforming enterprises with IoT capabilities. We hope this issue of the CIO Advisor APAC helps you build the partnership you and your firm need to foster a technologically-driven environment.
We present to you CIO Advisor APAC’s “Top 10 Internet of Things Solution Providers - 2020.”