5 Most Anticipated IoT and Electronics Product Developments for 2020
To push the IoT envelope by developing a project from inception and continue through to delivery in these ever changing times is a challenge.
TechDesign doesn’t purport to know the future, but in keeping an ear to the ground we can hear what’s coming down the track. We love tech as much, if not more than most and are very happy to share and discuss news and insights we see having the potential to make an impact in the near future.
Aligning your IoT project and development goals with industry and market trends could be the deciding factor in ensuring success in 2020. Take this top five list as a roadmap to get you there.
1. Processing and Analysis – IoT Data Means Everything
IoT overlap will continue expanding into 2020. The idea of using multiple sensors to gather data of all kinds and then send it to the cloud or network hubs and servers to do the processing is changing.
It’s known that there are millions of processors on edge devices across the world that currently sit idle or simply aren’t being leveraged properly. Projects designed to use these devices to their full computing potential not only save money in deployment, they can balance client network loads, increase data delivery times, and maximize project scalability potential. With that said, we can expect AI and Big Data to move more onto edge and IoT as processing and analysis technologies continue to advance.
2. Vertical Integration – Every Customer Counts
This can also be looked at as understanding your customer segments. Imagine Jeff Bezos, the CEO of Amazon, and his team outlining every conceivable industry and customer to benefit from their platforms. It seems like a daunting task, but that’s a crucial step that Amazon actually does during their development phases to ensure the best results possible. Applying this tactic to your IoT project can ensure maximum market penetration and adoption in 2020 should be on everyone’s list. More and more developers are going the extra mile to do the research and communicate with end users who are making it more clear what pain points they’re experiencing.
A better understanding of how target customers want to use IoT means being able to create systems to better manage resources for them. For example, knowing where most parking garage administrators plan to place temperature sensors or learning how often a scale will be used on a farm and for which animals offers vital IoT data to end users and also gives a project better scope and scalability potential. Delivering useful data more effectively to improve resource management will be a key focal point in 2020. As communication and understanding at each point in the value chain improves, we can deliver higher value to everyone along the way. To streamline this process, we’ve outlined key development phases here.
3. Secure by Design Electronics Product Manufacturing – Start with a Secure Chips
No one wants their project to fail, and failing due to a security flaw that wasn’t planned for can be devastating. As it becomes more generally accepted and adopted in coding best practices, secure by design systems are outlined by being as open as possible and allowing people to know and understand the design because it is secure. Another key to creating secure by design systems is to ensure everything works with the fewest system privileges possible in order to curb over-reaching power.
In order to continue enriching risk management in 2020, developers going through the design process will increasingly include secure by design best practices from chips like Winbond authentication flash to the front-end software in each project so nothing comes back to bite them later. Having a seasoned veteran to help in electronics product manufacturing along the way is important, read more about project feasibility here.
4. Comprehensive Systems – Enhanced Physical Security
While secure by design concepts have to do with how IoT systems are created and operate, physical security is something that IoT has been applied to in many ways. Building automation and home security systems rely heavily on physical security solutions and have employed multiple and diverse IoT hardware for more than a decade, this shows no signs of slowing and will continue to grow in 2020.
Depending on the scope of any given project there will be a varying number of IoT, edge, and network devices which may need to be orchestrated together to create a comprehensive system. Considering the continued developments in edge AI computing for example, a home with multiple video feeds from cameras combined with motion, temperature, sound, and other sensors for complete analytics – all customizable from a single app – delivers much more value and security than the motion detector tied to an alarm from twenty years ago. For a closer look at the breadth of quality components that go into making successful IoT projects like the above example and more, click here.
5. Millennials Catch the Next IoT Wave – Smart Everywhere
If you thought I would get through this list without mentioning Millennials, you were wrong. Young adults love tech, it’s no secret. Just as Gen-X made chat, video, and mobile phones a staple in office life, we’re seeing the first generation raised completely within this digital era, the Millennials, porting IoT solutions from home to work.
As their influence in the professional world increases, we expect to see Millennials in decision making positions take smart lighting, thermostats, and myriad other IoT from smart home solutions and migrate and adapt them into smart office settings. Cost efficient solutions have always been on the minds of administration and IoT is looking to deliver. For a deeper look into reaching the delivery phase of your project, you can read more here.
Get Your IoT Development Started
TechDesign is here to accelerate the IoT product development of hardware innovators like you. With 400+ suppliers and 450+ solutions, our professional project managers are able to help you find the most suitable solutions at any development stage. Hesitate no more, visit the TechDesign site today and submit a request!