Next Year’s Biggest IoT Trends
The internet may no longer be a novelty, but we are still finding new ways to get the most out of it and use it to improve our lives. The internet continues to revolutionize the way we do business, with investment in internet businesses booming and companies growing at a breakneck speed. As artificial intelligence starts to crop up everywhere from health tech devices to consumer products, the Internet of Things (IoT) is becoming a bigger focus than ever. After analyzing hundreds of hardware startups, HAX’s Hardware Trends Report has found a few trends that will stand out in 2017.
The Reinvention of Consumer Devices
Forbes contributor Benjamin Joffe writes “Data is the new electricity.” Products are being reimagined with a focus on big data, and they are becoming increasingly intelligent and personalized with the help of the Internet of Things (IoT). While early smart homes essentially consisted of mostly standalone products that could not communicate amongst themselves, voice services like Google Home and Amazon Alexa are providing platforms that can tie devices together into a more usable ecosystem. Crowdfunding is expected to remain a popular way for new products to get off the ground as connected device startups raise more funds than ever.
Health Technology Inroads
Until now, health tech has focused mostly on tracking devices. Smart devices and IoT technology can be very useful for monitoring patients’ blood pressure, heart rate or blood sugar levels, for example, but now they are moving beyond serving as mere tracking tools to ones that can heal and even prevent illness. Devices are cropping up that can address mental and physical ailments alike, whether it’s infertility, depression, back pain or insomnia.
Moreover, all of this health data that becomes available could help improve care for others. HAX Managing Director Duncan Turner told Forbes that donating a person’s data could even prove to be more helpful than donating an organ, illustrating just how useful this information can be.
This blog post was based off of an article from Forbes. View the original here.