The forces driving IoT growth and development have the potential to steer it in many directions.
The technology trends driving IoT include the decreased cost of memory, storage, and processing: the increase in sensors: cloud and big data, and the convergence of the internet and industrial networks.
The framework toolkit with its rich libraries (like Connectivity) many more driving forces of Iot which are beneficial for our success and innovation , Advance analytics, Marketing boards . The technology of interconnection various devices helpful to us in increase in sensors; cloud and big data, and the convergence of the Internet .
it is only within the last couple of years.
One of the reasons why we are seeing a surge in connected is the recognition that data drives business. For service providers, it is no longer just about finding ways to reduce the time and cost associated with troubleshooting and maintenance. To optimize productivity and efficiency, and to facilitate innovation, Field Service Organizations (FSOs) need data.
As noted above, the technology (e.g., data communications, sensors, storage, etc.) associated with loT is becoming cheaper, easier to implement, more secure, and flexible. In addition, we now have access to much more robust, cheaper, and flexible data repositories and analytic tools. Not only has the cost of storage improved but the advent of Big Data solutions enables us to leverage information collected by loT in ways we have never known before.
The need for driving IoT innovation was felt by organizations due to the continuous evolution of technology. Today, everything is completely digital. Consumers are always online and want to stay updated with the latest technological developments. This responsibility automatically falls on the shoulders of businesses, as a business runs on the needs and demands of a consumer. Besides, there is no way organizations can stick to traditional technology and expect profits. They need to evolve with the changing trends and find new and creative ways for enabling success and innovation. However, the ultimate need for enterprises to drive IoT is to enhance operational efficiency, mitigate risks, improve functional visibility, ensure maximum customer engagement, increase revenue streams, and tap into potential opportunities for growth. All these factors can be improved by the real-time information and insights provided by IoT connected things and devices.