Because of technological changes taking place in the world, IoT is gradually taking over all the fields, and the future of the IoT applications are increasing day by day.
Technological advances are fueling the growth of IoT.
Technology improved communications and network, new sensors of various kinds; cheaper, denser, more reliable, and power efficient storage both in the cloud and locally are converging to enable new types of IoT based products that were not possible a few years ago.
IoT technology will further develop to make our day-to-day operations much easier and more remotely controlled in the days to come.
Businesses need to constantly explore IoT applications within their domain to stay ahead in competitiveness and implementation.
The competition will primarily define in the coming decade as how companies take advantage of innovative technology.
However, it is the dominant technology that determines the future of many businesses attached to the future of the internet of things (IoT).
Improved safety: IoT systems can help to keep people safe by providing real-time information, alerts and alarms, and taking automated actions. For example, IoT-enabled sensors can be used to detect and respond to potential fire hazards in a building.
Remote monitoring and control: IoT systems can give users the ability to monitor and control devices remotely.
Cost savings: IoT can help companies save money by streamlining operations, reducing downtime, and automating processes.
Improving Quality of life: IoT systems can help people live more convenient and comfortable lives by, for example, automating home systems such as lighting, heating, and security.