With the world evolving to be smarter & intelligent; we can only attribute to the rise of IoT (Internet of Things). IoT has plays an active role in shaping businesses and has been adopted the world over. IoT in countries such as The USA and Canada is estimated to reach about 5.4 billion connection by the year 2025. Smart Canada has changed the way the country functions and is inspiring many more countries and cities to go the IoT way!

While investing in and implementing IoT is a huge change for any business, it is also a necessary change and to aid your business, here are key pointers for you:

• Will IoT be adopted across all sectors in North America?

IoT in USA and IoT in Canada have seen a surge in the consumer sector until 2020. End of 2021, will see a massive growth across sectors such as manufacturing, utility and healthcare.

• What is the time frame for industries which adapt to IoT to reap benefits?

The recent trends in IoT have made it possible to simply plug in their equipment to IoT devices and immediately act upon it. This ensures that businesses can reap benefits almost immediately.

• How can the healthcare industry be benefitted from IoT sensors and devices?

The recent pandemic has demonstrated the importance of healthcare and the need to stay connected. Internet based tele-consultation, tele-medicine, constant remote monitoring through wearables and scanners will equip health workers to be better equipped to treat patients almost immediately.

• Will the connectivity in these countries be able to cope with the increase in connected devices?

Thanks to the 5G connectivity, reliable network is no longer an issue. Businesses will start adapting to the 5G and edge computing to leverage speed and sustainability.

• How can it make a difference to the life of a common man?

IoT devices and sensors can create an impact on our everyday life. Right from giving traffic updates, to controlling your homes remotely, IoT can significantly improve our lives. Smart vehicles and smart homes are the future!

• Will IoT also help in providing better education to the future generations?

Better communication and learning channels, programming lessons, improved learning process conditions – these are just the tip of the iceberg. Inclusive education will become a norm and safety will be an added advantage.

• With so many feathers in its cap, IoT implementation must be an expensive affair?

IoT implementation is a one-time cost and once done, will help businesses reap great financial benefits. Any business which has not yet adapted this is leaving money on the table!

IoT trends have made and will make people’s lives easier and is ready to shape the future. From large businesses to everyday life, this has impacted everyone’s life for the better. Combining IoT with other technologies can give rise to automatic processes, eliminating human errors and increasing efficiency!