Outsourcing IoT Development Trends Accelerating in 2023

Most of the 2020 year went by dealing with the coronavirus pandemic, leaving no business and industry unaffected. However, some industries and businesses survived and also found refuge during these challenging times. One of those industries happens to be the market of smart devices, directly fuelling the growth of the Internet of Things(IoT).

Most of the global coronavirus campaigns echoed for limited or no in-person contact and the same for use of public contact surfaces. As a result, all those technological advancements that were happening in non-contact technologies became immensely popular and also important. 

Outsourcing IoT development became very popular amongst advanced nations to acquire development services from neighboring or distant countries, leveraging cheaper labor laws. IoT as a whole, took a massive leap in worldwide spending as technology advanced, the pandemic accelerated domestic and industrial adoptions, and the general popularity of IoT increased.   

This article highlights some of the latest IoT outsourcing trends to watch out for in 2023 and the upcoming years.

What is the Internet of Things (IoT) 

Simply put, the Internet of Things or IoT is a phenomenon that covers the innumerable number of physical devices and or objects (things) around the world that are connected to the Internet and are able to collect and share data amongst each other and back to some central cloud-based application for processing. Normally these devices or ‘things’ are embedded with some form of sensors, microprocessors and or chips, and other software, that basically allow them to perform some function or task and relay the data back over the internet. 

IoT also involves the use of cloud-based applications, some of which are developed in-house by dedicated teams and some outsourced to third-party IoT development services.

Outsourcing IoT Development: Most Anticipated IoT Trends in 2021

Health Care Industry 

One of the things the healthcare industry got out of the coronavirus pandemic, is to speed up and modernize its existing digitalization strategies. This includes employing the necessary technology that was already in the pipeline for normal integration with the latest non-contact technologies, and others that favored the protocols in pandemic treatment. 

Besides the usual EHR software and other tools for administrative and medical service delivery purposes, developments in remote monitoring and virtual telehealth/medicine solutions are being favored. This includes the use of smart EKG and ECG monitors for remote monitoring of patients from their homes. To prevent overcrowding in healthcare infrastructure for non-critical services and keep high-risk patients and medical staff away from further exposure.   

Another growing trend in the healthcare industry picking up pace is the use of connected smart wearables. Not only are these considered fashion statements but also used to monitor vital health parameters from the convenience of a wrist brand. These devices are used to record and transmit data back to a connected smartphone, which populates all the information into a cloud-based application, providing spectacular visualization of the data to both the patient and the healthcare practitioner overseeing the case.   

Power Sector and Utility Management

The power sector and the domestic utility sector are two areas becoming increasingly popular with IoT. In both commercial and domestic segments, smart metering and thermostat solutions are being used to responsibly consume power, based on the required load at any particular moment in time. Not only does this minimize waste but also makes the facility more efficient in its use of power. By using additional real-time smart appliances and lighting solutions, further savings are achieved. When considered across millions of households, that’s enormous amounts of energy saved which translates to massive cost savings to power companies and a country’s national exchequers.    

Industrial IoT

Industrial IoT has the same concept as traditional IoT with the scope and application of IoT centering around industrial usage rather than the domestic and enterprise settings as it is commonly considered. As technology advances and manufacturing processes become more automated, the use of cutting-edge technology concepts like machine-machine communication will become widespread. In order to lessen or eliminate human intervention and make production lines more precise and cheaper to operate overall with fewer humans on deck. 

With the combination of other technologies like machine learning and artificial intelligence, such combined systems will be able to intelligently respond react and remediate based on the real-time information being received from different machine components 

As technology advances in both software and hardware forms, IoT no longer remains just a mechanism for businesses to monitor/collect data from and arrange in one place. In fact, it is slowly becoming a part of a greater information-driven growth strategy for businesses. As adoption increases, businesses are increasingly making use of IoT technology in combination with Artificial Intelligence and Machine learning to process data faster than ever before. Making use of that information to make smarter decisions, based on the new sets of data being collected from different aspects of a business environment. 

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