Over the past few years, the Internet of Things has been a major part of the overall economy. Today, millions of people across the world use several smart products on a daily basis and this trend is bound to continue. There are several predictions for the Internet of Things in the coming year that show it will likely continue to expand and evolve.

Improved Security

While the Internet of Things has continued to grow and expand, it has shown that it has some vulnerability when it comes to security. The overall industry is expected to focus heavily on finding ways to improve security in products that produce and provide data. Once security measures are improved, consumer confidence will continue to grow and the use of smart products will expand even further.

Blockchain

One of the biggest interests in the financial world over the past year has been blockchain technology and how it has impacted Bitcoin and other digital currencies. In the coming year, it is expected that Blockchain will be expanded and its use will be used in many different ways. The Internet of Things and Blockchain are bound to continue to merge in the coming year, which will provide a range of efficiency benefits to businesses.

Smarter Cities

One of the main benefits of the improvement in the Internet of Things is that it will lead to smarter cities. Many major cities across the globe have already started implementing smart devices into their transportation and logistics systems. These systems have helped to ensure that traffic moves smoothly, emergency vehicles are able to reach their destinations, and key equipment follows a proper maintenance schedule. Due to the benefits already experienced, more and more cities will invest in this infrastructure improvement.

If you are interested in the advancement of technology and the Internet of Things, contact us to learn more about where it is all heading.