Everything about Internet of Things and more

Internet of Things in 2018: Trends, Impact in Industry, Medical Care and Consumer Market

The end of 2017 is coming soon, and with that, a new wave of innovative products comes to life. According to HAX Hardware Trends Report, based on a thorough analysis of more than 200 hardware startups, six key ways the world of connected devices evolved and will impact our lives in the coming years.

General Trends

If 15 years ago every technology innovation became a Revolution, today nothing surprise us anymore. Even so, the world as we now will be directly affected from home-living to big industries, construction, insurance or health systems.

Over US$100M have been raised by 36 startups (comparing to only 8 of them three years ago) . 18 of them are considered unicorns, having more than US$1B capital. This is maybe the highest investment boom in innovation within the last 10 years.

Enterprise IoT investments domain areas in 2018

Enterprise IoT investments domain areas in 2018

The future is now. Cloud, Machine learning, Big Data – all this are concepts are everywhere. Large companies talk more and more about A.I. (Artificial Intelligence). You can find it in consumer products, health tech devices, automotive, industrial robots and enterprise solutions.

Startups using big data in 2017-2018

Startups using big data in 2017-2018

The highest interests in Internet of Things (IoT) in 2018 comes from Insurance companies. Some of the biggest already team up with IoT startups and grant considerable budget for this topic. They found out that implementing IoT solutions in office buildings and houses will dramatically lower the number of incidents. One of this insurance companies promises that in 2018, they will implement a complete IoT-Ready gas leaking monitoring system for free even for standard insurance packages.

Consumer Devices Getting Reinvented

With each day, engineers do their best to reinvent regular consumer devices. From home appliances to wearable gadgets, all devices are being transformed in a more intelligent form, in order to serve a better purpose. The new products are now carefully developed getting personalized, specialized, more intelligent and most important, adaptable.

Despite the market is full with standalone intelligent products, people challenge the engineers by demanding a unified system. Having many intelligent products in house doesn’t make it a smart-house.

Voice services like Amazon Alexa, Google Home, Apple Siri and Microsoft Cortana will most likely enter in the Internet of Things in 2018 and build up unified ecosystem that will make everything more usable. They now have the chance to prove their real capabilities, as for the moment their purpose is undefined.

Internet of Things in Health Care

2017 came with an explosion in wearable gadgets with fitness tracking features in various forms, mostly hand watches. Although this segment was extremely successful, the benefits of this functions were under expectation. Most of the products were unable to deliver accurate measurements and using fitness functions tuned up to be a battery killing factor.

Internet of Things Examples in Health Care

Internet of Things Examples in Health Care

2018 announce a whole different kind of approach in fitness and health gadgets segment. Engineers announce a revolution on this market coming with analytics that will raise the relevancy of data interpretations, reducing the amount of time that end users spend piecing together data outputs. Insights gained from big data analysis will drive the digital disruption of the healthcare world, business processes and real-time decision-making.

A new category of “personalized preventative health coaches” (Digital Health Advisors) will emerge. These workers will possess the skills and the ability to interpret and understand health and well-being data. They will help their clients avoid chronic and diet-related illness, improve cognitive function, achieve improved mental health and achieve improved lifestyles overall. As the global population ages, such roles will become increasingly important.

Internet of Things in Medical Services & Pharma

Precision medicine, as it’s called, is a term that will be frequently heard in 2018 and coming years. Medical research centers are working to build a global cloud service in order to collect medical results and disease behavior. A tremendous amount of processing power will be deployed to analyze and interpret big data collections and find patterns which people can’t see today, which may cure cancer in the future.

Regular medical services as blood tests, radiography, IRM, CT or even a simple medical visit will become part of a digital report. Hospitals and medical clinics will be deployed with advanced sensors capable to send live data using IoT protocols and trigger automatic medical procedures.

Existing medical device products such as inhalers and insulin pens will be enhanced with connectivity technologies in order to collect and centralize data for further care analytics and personalized therapies.

Challenges and Bottlenecks in Medical Internet of Things

One of the biggest challenge for manufacturers is power management. To build a long-term monitoring device with no interruptions and a easy device management, engineers must deal with power loss problems. Charging a wearable device every day is already dragged down products from big companies.

Another important topic to be solved in 2018 is data security. IoT platforms must provide strong connectivity with no down-time and secure data transfers. Therefore data encryption will become mandatory in order to ensure user privacy.

Conclusion

Although there are many existing IoT platforms and devices, so far there is no comprehensive solution for gas detection, motion tracking, and vital sign monitoring to integrate all these into a single easy to use platform. There is no point in developing more user technology if the user can’t really use it. In order to be successfully, it has to be easy to use, simple and cheap.

Hoping that this article inspired you, i kindly invite you share this article,  subscribe my YouTube channel and join the communities on social networks. Please feel free to comment or send suggestions / remarks so i can improve the content quality

Share on: Facebook Twitter Google+

Leave a Reply

Your email address will not be published.