- Data Analysis
As the IoT market is growing, the amount of data processed by the devices is also increasing. One of the technological IoT trends in 2023 will be the application of artificial intelligence (AI).
AI-based analytics tools such as machine learning and computer vision are essential for efficient data processing.
Sophisticated algorithms for analyzing large amounts of data based on machine learning complement or completely replace labor-intensive processes.
The Internet of Things with machine learning is used in automotive, industrial automation, agriculture, healthcare, commerce, and many other fields.
- Digital twin technology and the corporate meta-universe
Digital twins are digital simulations of physical objects or systems.
A computer program takes data from the object and creates models and predictions of its state.
A digital twin can simulate a physical device in real time. Data obtained from sensors is then transferred to a processing system and applied to the twin.
The digital twin can be complex or simple, depending on your needs. IoT-based digital twin technology is used in the automotive, healthcare, and manufacturing industries.
Digital twins outperform conventional computer models in terms of interactivity and the number of processes explored.
Digital copies exist in a two-way flow of data from sensors to the system processor and back to the original object.
Multi-directional flows link digital twin technology with enterprise metavillage and edge computing for efficient and secure data management.
Enterprise metavillages are virtual platforms where companies can sell their digital products and services.
- Security
According to experts, the Internet of Things is now one of the top three targets for cyberattacks, along with data storage and personal devices used to work remotely on corporate networks.
Not surprisingly, developers are working hard to ensure data security and privacy by utilizing sophisticated blockchain approaches and technologies for IoT security solutions.
- Smart city
IoT solutions help city governments create a convenient urban environment, improve security, and solve problems efficiently, improving the quality of urban life.
Smart city technologies and solutions have been in the trends of the Internet of Things for several years.
The projected global revenue from the sale of smart city technologies, products and services will exceed $241 million by 2025, which is 61% more than the figures for 2022. Expected revenue for smart city technology related companies globally from 2020 to 2025. Forecasted revenue of companies in the global smart city technology and devices market through 2025.