IOT Application Development- The Next Big Investment Destination


The Internet of Things is greatly changing the way we live, work and entertains. According to forecasts by analysts, the number of the connected devices is expected to reach 60 billion by the year 2020.

The notion of a smart home is not something we cannot have a clear depiction of. The introduction of smart appliances, lighting and parking is collecting pace, so soon we can speak about the revolution in the industries and spheres of life.

Many organizations realized the potential of IOT long ago and started investing in this innovative thing. Among these organizations are giants like Apple, that built the Home Kit IOT platform to implement home utilizations in an iOS atmosphere, and Microsoft that launched the platform Azure Internet of Things which is used by over 5 million companies worldwide.

IOT or Internet of Things is a complex system which includes 3 main constituents:

1. Infrastructure that includes a computer program on a corporate data server (or in the cloud), which evaluates and processes the data received from the connected devices.

2. Smart gadgets that interact with sensors, apps, and network. These gadgets can automatically transmit data from each other, while the software collects and processes this information.

3. IOT applications that allow the users to manage connected devices via smartphones, tablets, or computers.

One of the key trends concerning technologies today is an IOT application development. Building applications that enable the users to regulate and interact with various objects are becoming a great popular these days. There are web and mobile software solutions that can transform data to some center, receive it and make analysis to make some actions automatically. Let’s take an example of an IOT application that can send signals to personal doctor, medical center, or call emergency in case of any health deterioration, or any attack. Having such a product can even save lives. Imagine the extensity of such tech solutions can affect the healthcare domain!

So, we have got together some reasons to why you should invest in IOT application development, be it through the means of custom mobile or web app development, and the industries that should consider this issue.

a) Increased workflow efficacy

There are a lot of possibilities for web and mobile application development for business solutions. One of the primary goals that the development companies strive to achieve includes workflow automation and optimization. A decent option to make it is IOT solutions that minimize human participation in manual or technical operations.

b) Revolution in health care

We just discussed an example of using the IOT application above, but there are still so many of them. Naming a few includes health monitoring sensory applications, wearables and devices that enable measuring parameters like blood sugar level, pulse and a lot more. Applications that analyze data instantly and provide meaningful assumptions are the most probable diagnosis, which are particularly valuable in rare devices, complex to determine the newer ones.

c) A new learning environment

IOT web and mobile application development promise to have a great impact on the education industry. Perhaps, soon we may witness some evolution in teaching and learning processes. In this day and age, high-tech solutions are probing in schools, colleges, and universities, changing the entire approach towards teaching.

Here’s an idea for IOT application development in education: something that provides videos and tests on various subjects, track user activity and process the results. The teacher could then receive a report for each student: easy and complicated topics and questions, which provoke difficulties, and based on this the students get the understanding of what all should be improved.

d) Innovative tech approaches in retail

Perhaps, retail is one of the industries that should consider IOT application development or other IOT tech solution implementation in first place. One of the best cases of using advanced tech methods is beacons. Beacons are small IOT gadgets that are connected to smartphones via Bluetooth and can serve many purposes: gather customer intelligence, navigate them through buildings, send automatic push notifications to smartphones, and much more. Many shopping malls and stores have already started using beacons actively to boost sales and increase customer loyalty. And this works.

e) Enhanced Research Activity

Now IOT detectors and sensors can be connected even for geological formation of plants and more. These objects can send signals about any changes in the state, growth conditions etc. to the IOT application that in turn a process received data and demonstrates the results to the user. Therefore, scientists can make various experiments, traverse different categories much easily and with higher proficiency.

All in all, Internet of Things has a great potential for investment. It is developing by leaps and bounds, infuriating huge growth in IOT application development. The total of connected devices is growing every day, and we surely can say that IOT is going to improve the quality of life and expedite progress.

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