物联网:移动应用的未来发展Hardware spending by consumers and businesses on IOT devices will total almost $3 trillion by 2020

通过Gaurav Gupta

Opinions expressed by Entrepreneur contributors are their own.

You're reading Entrepreneur India, an international franchise of Entrepreneur Media.

Shutterstock

Today, technology has impacted humans, businesses and processes in many ways. There's an app to solve almost every problem or challenge that people face. It has changed the way people connect, communicate and collect the information. This revolution of using apps for everything was brought to automate manual tasks wherever possible and bring control to the smartphones. Therefore, the next obvious step was to give smartphones more power and control, by bringing the control of other devices to the smartphone as well. This is when IOT (Internet of Things) came to picture.

What is Internet of Things?

Internet of Things - is one of the most powerful creations in the IT industry after mobile app development, and is capable of connecting almost everything on the planet. The ubiquitous connectivity and communication among the objects will transform the ability to collect, analyze and distribute the data so that the insights gained can be turned into proactive actions.

Build IoT-friendly Mobile Apps

Mostly, IOT has been used for home automation, example being Philips Hue bulbs, D-link smart plugs etc. These products come with their dedicated apps to help users control these devices. There are also products which facilitate further development of IOT and the mobile apps associated with it, example being Amazon Echo, which uses a platform named Alexa, where mobile developers can add new functionalities to get more and more things automated. One of the recent example is the Alexa skill for LBB developed by my team which lets users to use LBB's platform with their voice.

Mobile Tech Trend Has Taken IoT into Mainstream Digital World

What is important to note here that smartphone is the epicentre of all that there is to do with IOT, after all IOT is all about bringing control to our hands and there is nothing that keeps our hands busy more than a smartphone does. The use of smartphones allows hardware manufactures to avoid putting a screen on their products because now they can leverage the screen of a smartphone. In addition to leveraging Smartphone's screen, gaining consumer data is another thing that manufacturers are happy about.

Spending on IoT Devices will be $3 trillion by 2020

As the appliances would be connected to a smartphone, manufacturers can easily access consumer data which can help them innovate further by making exactly what the consumers want. It is exactly this reason why hardware spending by consumers and businesses on IOT devices is projected to be almost $3 trillion by 2020.

Conclusion

Going forward the role of smartphones in implementing IOT is going to increase as companies strive to get real-time data to serve their customers better. It could well be a big disruption in the appliances industry, since companies implementing IOT would have a huge advantage over other companies, in designing better products for their customers.

Wavy Line
Gaurav Gupta

Founder and Director, SquareBoat Solutions Private Limited

He has over 10 years of experience in developing and maintaining large and scalable web and mobile applications end-to-end (Conceptualization, Design/UI, Backend and Frontend Coding, Deployment, Server Management, Uptime, Performance, Scalability etc.). He has worked for several top-notch web companies in India, including SlideShare-LinkedIn, Naukri.com, Tata Institute of Fundamental Research etc.

Related Topics

Business Ideas

The Top 10 Home Business Ideas for 2023

Can't figure out which enterprise you should launch in 2023? Check out 10 stellar home business ideas to get inspiration.

Thought Leaders

I Pitched 300 People a Day For 1 Year — and Learned This Impactful Entrepreneurial Lesson

After working myself to the bone pitching 300 people each day for one year, I came out of that experience as a new man — but surprisingly, an unhappier one. Here's what I learned.

Business News

Mark Zuckerberg's Net Worth Soars to $113 Billion after Meta Stock Surges — Making Him the 9th Richest Person in the World

Mark Zuckerberg experienced a remarkable boost in his wealth, with gains of up to $9 billion, after Meta's stock surged by 9% following a robust second-quarter earnings report.

News and Trends

Google Invites Applications For Eighth Batch Of Startups Accelerator Programme

Applications are open until August 22, and eligible startups should have AI as a core solution or product, including generative AI

Marketing

How ChatGPT Is Changing Digital Marketing (for Better or Worse)

The current state-of-play strengths, weaknesses and potential of this breakthrough tech, and why owners and other execs should be aware of its capability gaps.

Starting a Business

10 Common Obstacles to Avoid When Starting a Business

Starting a new business can be an exciting and rewarding venture, but it also comes with its fair share of challenges. Here are some common obstacles to avoid when starting a new business.