The Internet of Things is no longer a new concept. We’ve been connecting devices and collecting data for years now. But as technology evolves, so do the ways in which we can use it.
Product managers need to stay ahead of the curve when it comes to custom IoT product development trends. Here are the top 5 IoT trends for 2023 that you need to be aware of:
1. Increased Interconnectivity
One of the key benefits of IoT is that it allows devices to communicate with each other. This interconnectivity is only going to increase in the coming years as more and more devices are connected.
This trend will have a major impact on product development, as products will need to be designed to work with other devices.
2. More Powerful Edge Computing
Edge computing is a type of computing where data is processed at the edge of the network, close to the source of the data. This is opposed to centralized computing, where data is processed in a central location. Edge computing is becoming more popular as it reduces latency and can be used even in locations where there is no internet connection.
3. Greater Data Analytics and Insights
As the amount of data generated by IoT devices increases, so does the need for powerful data analytics tools.
These tools can help organizations to make sense of the data and gain insights that can be used to improve their products and services.
4. Improved Cybersecurity
With more devices being connected, there is an increased risk of cyberattacks. This has led to a need for improved cybersecurity measures, such as encryption and authentication.
5. New and innovative applications of IoT technology
As the IoT market matures, we see new and innovative applications of IoT technology. For example, smart cities are using IoT to improve the efficiency of their services, and health care organizations are using IoT to monitor patients’ vital signs.
As you can see, there are many exciting IoT trends for 2023 that product managers need to be aware of. By keeping up with these trends, you’ll be able to make sure your product is ahead of the curve and able to take advantage of the latest and greatest IoT technology.