![]() ![]() This helps e-commerce reach new heights, though brick-and-mortar stores are adapting as well-businesses will roll out more smart shelves in 2022. The result? Higher profits for businesses and a better shopping experience for consumers. IoT devices provide companies with information on inventory, demand, and production in real time, allowing them to avoid bottlenecks in shipping or warehousing costs and streamline their distribution network. The industrial internet revolution has enabled a supply chain that is more efficient and flexible than ever before. Read more: Bolstering IoT Security with Distributed Ledger Technology (DLT) IoT supply chain As more and more businesses continue to realize that securing their edge device data is critical in protecting their intellectual property, they will begin to rely on blockchain as a means of ensuring tamper-proof security. This makes it an ideal candidate for IoT edge computing applications. Once data has been written to a blockchain, it can never be altered or deleted. Unlike other technologies, blockchain is immutable. It is expected that edge computing will play a big role in IoT going forward-and it’s already having an impact today. By using edge computing as an effective way to handle all back-end processing in real time, every connected device on any network can send its data directly to local servers. This setup can lower latency by reducing or eliminating communication with central cloud-based services, which improves efficiency while also decreasing costs. Edge computing works by deploying internet-connected devices at or near physical locations where they collect data. For businesses seeking to benefit from these advancements, edge computing will become a crucial part of their strategy moving forward. IoT at the edgeĮdge computing is a trend that has gained widespread adoption due to its ability to drive down costs and improve business agility. With so many interactions happening at such high speeds, traditional architectures can’t cope and edge computing systems have stepped in to fill in where needed. On average, consumers are interacting with a device every few minutes-and sometimes multiple times per minute-to keep up with a fast-paced world where everything happens in real time. Why such rapid adoption? Businesses recognize they can increase efficiency while reducing costs-and consumers have embraced technology that makes their lives easier. Additionally, Cisco forecasts 30 billion connected devices by 2023. International Data Corporation (IDC) expects a compound annual growth rate (CAGR) of 23.2% from 2020 through 2025. The number of internet-connected devices is projected to reach almost 55.7 billion by 2025. The Top 10 IoT Trends in 2022 Internet-connected devices
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