What if your car garage locks automatically once you have parked the car. Or what if the main door of your home locks automatically which you left open while rushing to your office? Sounds cool, right?

Technology evolution has paved the way how we live our lives- from smart cars, smart refrigerators to smart homes, Internet of Things has offered more secure and comfortable lifestyles while connecting all ordinary devices over the web.

The Evolution of Internet of Things

With so many instances of advancements in the tech-driven world, IoT has actually begun to revolutionize the industry landscape. IoT is connecting those ordinary devices over the web which we could never think of connecting.

All major industry segments from automotive, healthcare, manufacturing, transportation, security system, thermostat, to door well cam, Internet of Things has proved its importance in a blink of an eye.

As per a recent Statista report, the total number of IoT enabled connected devices are projected to cross 75.44 billion by the year 2025, the rate is expected to grow rapidly in the coming years.

IoT is making everything smart, from ordinary household items to smart connected devices that operate automatically.

How IoT is becoming a buzzword amongst major industry segments?

Although IoT might be in its infancy stage when we talk about smart homes, TVs, locks, and refrigerators, but it is definitely going to transform and become a major part of our lives in the coming time. From driverless cars to personal assistant devices, IoT has a bunch of things to surprise the world in the coming future.

Still not convinced? Let’s have a look at top companies who have invested in Internet of Things and have implemented it in their operational architecture:

• Rolls Royce has implemented intelligent sensors on their combat jets, civil aerospace jet engines, and other major parts of the flight.
• Cisco uses smart IoT technologies to monitor energy control(gas, oil) and other utility services, including aviation and mass transit.
• Google purchased “Nest” in 2014 that sells IoT-enabled fire detectors.

IoT has a long way to go…

The rate of business owners showing interest in the adoption of IoT is growing at a rapid rate. Moreover, IDC forecasts that worldwide spending on IoT will reach $1.2 trillion by the year 2022.

Internet is all set to drive the future of tech-driven world with its comprehensive set of functionalities. It’s high time that we have a look at what all ways IoT will shape the future.

1. More Data= Better Decision Making

IoT will accomplish devices which are equipped with smart sensors to gather silos of data over multiple platforms. Want to see its benefit in real life?

A smart refrigerator that notifies you which all food items are about to reach their expiry date and even offers you other necessary information like- power consumption, temperature, the total time the door was left open, etc.

So, a large amount of data can be analyzed and depending on it, businesses can improve the functionalities wherever required in the equipment.

2. Automation= Reduced workload

Internet of Things will directly reduce the human involvement to monitor the major operations in regular life.

Suppose you have a refrigerator that monitors the state of all the food items kept and orders the stock automatically before the food items get out of stock or reach the expiry date. Seems interesting, isn’t it?

This will keep you up-to-date with your stock, reduce your workload, and even prevent the losses caused during your absence or the busy hours.

3. More Efficiency= Save Costs

While hurrying to your workplace or while rushing to a party, you generally forget to switch off the AC, lights, or might even forget to lock the doors.

What if a smart device turns off all the lights, AC and even locks the door automatically? These IoT-powered devices will thus save you a lot of money and resources while offering you more secure solutions.

4. Better lifestyles

Connected devices are going to control our lives and automate every single task in our daily routine. From automatically ordering the food items that are out of stock, locking the car garage & doors, smart wearables, monitoring your regular pulse rate to self-driving cars, IoT will directly reduce your burden. So, you can rely on these smart devices while they take care of the most important things you need to carry out regularly.

Wrapping Up

Internet of Things has a bundle of untapped potential to transform the way things operate in the present time. Things will soon get connected over the web and communicate while keeping us up-to-date about all the necessary things.

One thing which businesses need to consider is to safeguard the customer data they are dealing with. Otherwise, it might end up losing customer’s trust forever!

Liza Kosh is known for her tremendous contribution as a senior writer who loves to share her views on topics covering upcoming technology and the market trends. She is currently associated with a web and IoT App Development company  based in the USA as a content strategist.