8 IoT trends in 2023
by Eric Bourbeau
co-founder and president
Growing impact of artificial intelligence in the IoT
The year 2023 is off to a strong start with ChatGTP gaining popularity on the global stage. This is an impressive example of what incorporating AI into everyday life can look like.
With the continued growth of AI, the ever-increasing amount of data collected through sensors and devices will need the help of artificial intelligence. To recognize trends, perform predictive analytics and visualize multiple data points, artificial intelligence can help IoT solutions make smarter decisions without delay or latency.
Get ready to read a lot more about "AIoT" - the artificial intelligence of objects."
Increased adoption of IoT in healthcare
Let's face it, a connected watch isn't exactly a trend. More than 223 million connected watches worldwide track health statistics on people's wrists. But the ever-growing market for these and other "connected objects" that collect and process data will also raise its profile in the months and years to come.
For 2023, predictions are in the direction of combining these technologies with home sensors to achieve a "virtual care unit," where doctors and other health professionals can monitor patients' conditions virtually outside the hospital. This frees up resources and offers a new form of patient care in remote areas."
Growth of IoT in combination with GSE
ESG is a framework developed by the United Nations that helps understand how an organization manages environmental, social and governance criteria (ESG factors). As these factors become more important to companies, IoT solutions can help them track data in these areas.
This ranges from innovative building technology, such as climate control automation to improve energy efficiency, to monitoring working conditions for employees and energy resources."
ESG (environmental, social and governance) factors are increasingly important for companies. The ESG framework developed by the United Nations helps to understand how an organization manages these criteria. Monitoring these factors can be facilitated by IoT solutions, ranging from innovative building technology to improve energy efficiency to monitoring working conditions for employees and energy resources. Companies that integrate these ESG factors into their operations can enhance their reputation and credibility with consumers, investors and stakeholders.
The emergence of new networks
5G technology was on previous years' trend lists for technology and IoT. Increased data transfer bandwidth sounds appealing, but there are new developments in connectivity that are just as exciting. For example:
Nb-IoT is gaining popularity, but slowly. Low-cost LPWAN cellular technology can provide long battery life and long-range communication with better penetration than traditional cellular technologies, allowing your device to stay connected in hard-to-reach places.
A newcomer, Mioty, is positioned as an alternative to LoRa, minimizing signal interference with Fraunhofer's patented Telegram Splitting (TSMA) technology, which guarantees the lowest packet error rate compared to other LPWAN solutions, especially in harsh radio conditions.
Helium is generating some buzz in the industry. Their approach to building community networks ("The People's Network") with LoRa and 5G technology is widely discussed and is expected to gain in reach and market share.
And what about LTE? Major mobile operators in the U.S. are expected to drop their LTE services by 2030. The release of Qualcomm's Cat-1 bis LTE chipset in 2022 has brought this discussion back to the forefront, with alternative technologies more available."
Continued adoption of LoRaWAN
2022 saw the acceleration of LoRaWAN technology adoption globally for mass-market IoT. Use cases such as reading water, gas or electricity meters have given the LoRaWAN protocol its credentials, thanks to the rich ecosystem of companies that have joined the LoRa Alliance. From giants like AWS or Microsoft to small specialized players like X-TELIA, the LoRaWAN ecosystem has reached an impressive maturity and depth. The explosion of the Helium network, the world's largest LoRaWAN network and the WORLD'S LARGEST TELECOM NETWORK with nearly 1 million access points, will allow LoRaWAN to continue its progression in 2023.
Increased safety concerns
As the number of IoT devices increases, the potential for security breaches will also increase. Companies must prioritize security in the early stages of their IoT projects to protect sensitive data and prevent attacks.
The increased security mindset will make "security by design" an even bigger selling point for IoT solutions and platforms.
The rise of edge computing
Edge computing, which involves processing data at the source rather than at a central server, is expected to become more prevalent in the IoT industry. This will enable faster decision making and real-time local processing of data from IoT devices.
Benefits include reduced latency for users, conservation of network bandwidth and reliable operation for faster decisions.
IoT MVNOs are coming
Mobile virtual network operators (MVNOs) will see an increase in volume in the markets. With the growth of eSIMs, their use for IoT favors MVNOs. Since there is no need for complex integrations with existing mobile operators, MVNOs have a competitive advantage here.
Your 2023 with IoT
Without a doubt, the IoT will continue to advance in 2023. New technologies and broader adoption in the private sector as well as in more and more industries offer businesses a whole new range of opportunities to take advantage of a fully connected world.
That's why it's a good idea to take the first step and start thinking about the possibilities of creating value through an IoT solution. It's not as complicated as it sounds when you have the right partners and the right tools - like the X-TELIA IoT Hub cloud platform. Make 2023 your entry into that world and let us help you make the most of it.
X-TELIA is a Canadian technology company specializing in Internet of Things and LoRaWAN solutions. It supports companies and cities that want to deploy wireless applications based on highly secure, low-cost and low-power long-range connectivity. X-TELIA offers solutions that have been proven elsewhere in the world, as well as leading-edge expertise to facilitate the shift to the Internet of Things. X-TELIA also operates a next-generation wireless network dedicated to the Internet of Things, specifically designed to support new applications that make cities smarter, industry more efficient and citizens safer.