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According to a study carried out by Gartner on the main trends in the Internet of Things (IoT) for 2023, technology IoT will continue to rise in the coming years. The study points out that executives who master the IoT trends will be highlighted in Industry 4.0. Furthermore, the study highlights some specific trends for 2023, such as the application of Artificial intelligence (AI) on a wide range of information from IoT, ethical, legal and social issues around IoT, the monetization of collected data, edge computing, the importance of IoT governance, sensor innovation, IoT device security, new IoT user experiences, and the development of new wireless networking technologies for IoT.
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Main points covered in this article:
- The application of Artificial intelligence (AI) in IoT information;
- The social, legal and ethical aspects surrounding IoT;
- The monetization of IoT data;
- A edge computing for IoT;
- A IoT governance.
Paying attention to these trends and preparing for them will be fundamental to technological innovation and business success in the coming years.
Artificial Intelligence (AI)
According to the Gartner study, the Artificial Intelligence (AI) is one of the main IoT trends to 2023. It is expected that the number of connected devices reach 25 billion by 2021, generating an immense volume of IoT information. The application of AI in IoT information, such as video, images, speech and sensor data, will be critical for companies to create value from this data. Investing in AI can be an advantageous strategy for companies that want to keep up with IoT trends.
“AI is the key to unlocking valuable insights from the massive volume of data generated by connected devices.”
AI gives companies the ability to understand, analyze and extract insights from data collected by connected devices. This technology is capable of identifying patterns, recognizing images, processing natural language and making predictions based on IoT information. By applying AI in this context, companies can make more informed decisions, improve operational efficiency, offer personalized products and services, and create exceptional experiences for their customers.
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AI also plays an important role in the security of IoT devices. With the ability to detect threats and anomalies in real time, AI can protect connected devices against cyber attacks and ensure data integrity. Furthermore, AI allows the development of autonomous and intelligent systems, which can remotely monitor IoT devices, perform preventive maintenance and solve problems before they even become noticeable to users.
To make the most of AI in IoT, companies must invest in AI experts, develop advanced algorithms and powerful computing infrastructure. Furthermore, it is essential to ensure the quality and integrity of IoT data, as the accuracy and reliability of this information are fundamental to the success of AI applications. By adopting AI as part of their IoT strategy, companies can gain a significant competitive advantage, driving innovation, efficiency and customer satisfaction.
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The application of AI in IoT offers unlimited potential for companies across all sectors. By harnessing the power of AI, companies can transform IoT information into valuable insights, drive innovation and differentiate yourself from the competition. Therefore, investing in AI is essential for companies that want to prepare for trends in IoT in 2023 and beyond.
Social, legal and ethical IoT
With the growth of IoT, social, legal and ethical issues also arise. Ownership of data and the inferences made from it, as well as privacy and compliance with laws, become important issues.
In Brazil, with the implementation of the General Law of Data Protection (GDPR) and other laws of data protection, a greater focus on social IoT, legal and ethics as one of the main trends for 2023.
When using IoT, it is necessary to consider how data is collected, stored, shared and used. A data protection of users and transparency in collection and use practices are fundamental to ensuring consumer trust and safety.
A social IoT, legal and ethics brings challenges related to privacy, security and access to information, impacting not only individuals, but also organizations and the public sector.
Ethics also plays a crucial role in IoT. The development and use of IoT technologies must be guided by ethical principles, ensuring that benefits are maximized while minimizing potential harm.
IoT governance is a key element in addressing these issues. Organizations must establish clear policies and guidelines on the responsible use of IoT, including data protection and compliance with laws, and consider the social and ethical impact of their decisions.
Ensuring an ethical, legal and socially responsible approach to IoT is essential to promoting its sustainable development and ensuring long-term benefits for society as a whole.
Value of information and data transmission
The Gartner study highlights the importance of value of information and data transmission in the IoT era. With the continued growth of technology, data monetization is expected to be an essential aspect in the coming years, driving innovation and business progress. By 2023, buying and selling IoT data will be a common practice in many smart, connected systems.
Infonomics theory recognizes that information has intrinsic value and should be treated as a strategic business asset. Just like any other valuable resource, information collected by IoT devices can be turned into profitable opportunities for businesses. Proper recording and efficient management of this data can boost assertive decision-making and generate competitive advantage.
It is important to highlight that, when exploring the IoT data monetization, companies must take ethical and privacy issues into consideration. Transparency in data use and disclosure is critical to ensuring user trust and compliance with data protection regulations. The privacy of individuals must be preserved, and it is the responsibility of companies to adopt responsible practices for handling and storing this sensitive information.
The valorization of information and the correct transmission of data in IoT open doors to various business opportunities. Companies that use efficient IoT data collection, analysis and sharing strategies are in a better position to offer innovative, personalized solutions focused on customer needs. By investing in infrastructure and technologies aimed at capturing and securely transmitting data, organizations can gain an advantage in an increasingly competitive market.
Examples of Information Value and IoT Data Monetization
To illustrate the importance and potential of value of information and from IoT data monetization, we can cite the following examples:
- A car insurance company can use data collected by IoT devices installed in vehicles to evaluate the driving profile of policyholders. Based on this information, the company can offer discounts on insurance policies for prudent and responsible drivers.
- An appliance manufacturer can use IoT data collected from refrigerators, washing machines, and other devices to gain insights into the lifespan of appliances. This information can be used for preventive maintenance plans and even create loyalty programs, where the customer receives exclusive offers to purchase a new product before the old one presents any problems.
- In a smart city, IoT sensors can collect data on traffic, pollution levels and energy consumption. This information can be used by municipal authorities to improve urban planning and offer more efficient services, such as optimizing bus routes, intelligently controlling traffic lights and reducing energy waste.
These examples highlight how the valorization of information and the IoT data monetization can generate benefits for both companies and consumers. By understanding the strategic value of data and adopting responsible use and sharing practices, companies can boost their growth and stand out in the market.
At the same time, it is essential to ensure data security and privacy by establishing clear information protection policies and maintaining the highest ethical standards. Only with a balanced and responsible approach to valuing information will we be able to make the most of the transformative potential of IoT.
Edge Computing
According to the Gartner study, the edge computing for IoT is growing. This means that the centralization of services in the cloud tends to decrease, as devices will have autonomy in the Data processing, avoiding overloading the servers.
To keep up with IoT trends, companies will need to adapt their IT infrastructure, making it more robust for the arrival of more intelligent and responsive systems.
A edge computing allows devices to perform Data processing locally, in the network of which they are part. This brings benefits such as lower latency, greater security and more efficient use of available resources.
With the growing adoption of IoT and the increase in the volume of data generated, it is essential to have a IT infrastructure suitable to support the Data processing efficiently. This involves implementing servers, networks and storage systems capable of handling edge computing.
Furthermore, edge computing contributes to reducing dependence on cloud connection and makes IoT applications more resilient, even in cases of network failures.
With the IT infrastructure Appropriately, companies can ensure fast and efficient data processing, enabling real-time decision making and the development of more intelligent and automated solutions.
IoT Governance
With the continued expansion of IoT, it becomes necessary to establish a governance structure that ensures appropriate behavior in relation to IoT project information. This includes everything from simple technical tasks, such as device audits, to more complex issues, such as controlling devices and using the information generated by them.
Companies must take on the role of educating their employees about the importance of IT governance and investing in professionals and technologies for Management Information Technology.
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A IoT governance is essential to ensure that IoT project information are properly protected, managed and used effectively. With an appropriate governance structure, companies can maximize the benefits of IoT while dealing with the challenges inherent in this constantly evolving technology.
Importance of Information Technology Management
Efficient management of information technology is essential to ensure the smooth functioning of IoT projects. This involves strategic planning, implementation of information security policies, continuous monitoring and maintenance of IoT-related IT assets.
A Management Information Technology plays a crucial role in IoT governance. By establishing effective project management processes, ensuring data integrity, and encouraging collaboration between teams, companies can optimize the use of information technology and drive the success of their IoT projects.
IoT governance and Management Information Technology are essential parts of maximizing the benefits of the Internet of Things, ensuring the security of collected data and promoting its effective use. By taking a responsible and efficient approach to IoT governance, companies will be prepared to face challenges and harness the full potential of this innovative technology.
Conclusion
In conclusion, the main IoT trends for 2023 are the application of Artificial intelligence (AI) in IoT information, the social, legal and ethical aspects around IoT, monetization of IoT data, edge computing, IoT governance, sensor innovation, IoT device security, new user experiences in IoT and the development of new wireless networking technologies for IoT.
Staying aware of these trends and preparing for them will be key to driving technological innovation and achieving business success in the coming years. The application of AI allows companies to extract value from the vast volumes of data generated by connected devices, while social, legal and ethical issues require a responsible and transparent approach.
Furthermore, the monetization of IoT data offers opportunities to create new business models and edge computing allows for more efficient processing, improving the speed and response of systems. IoT governance ensures regulatory compliance and device security, while sensor innovation and new user experiences drive interaction and engagement with technology. Finally, the continuous development of new wireless networking technologies ensures reliable and comprehensive connectivity for IoT devices.
