IoT Trends 2021 – Automotive, Industry 4.0, Ecommerce, Healthcare, Banking

The adoption of IoT has been a gamechanger for businesses in 2020. And it is expected that the Internet of Things will see an exponential growth as we ease into the new normal presented by 2021. We recently conducted a…

IoT Trends 2021 - Automotive, Industry 4.0, Ecommerce, Healthcare, Banking

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The adoption of IoT has been a gamechanger for businesses in 2020. And it is expected that the Internet of Things will see an exponential growth as we ease into the new normal presented by 2021.

We recently conducted a detailed study on the most disruptive IoT trends of 2021. This video showcases the highlights of our findings.
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Check out our detailed blog on 2021 IoT trends for in-depth analysis and trend reports – dvd.lol www.embitel.com/blog/embedded-blog/disruptive-iot-trends-to-watch-in-2021

Take a moment to explore our expertise in Artificial Intelligence/Machine Learning application development – dvd.lol www.embitel.com/artificial-intelligence-ai-and-machine-learning-ml-powered-iot-applications
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In this video, we shed light on the striking IoT trends in the domains of Automotive, Industry 4.0, Ecommerce, Healthcare and Banking.

00:01:15 – Digital Cockpit in Automotive Industry

A digital cockpit is the amalgamation of instrument cluster, head unit and ADAS on a single platform. Hypervisor technology is commonly used in an e-cockpit to provide superior system performance and availability. Head-up displays based on Augmented Reality (AR) provide unique driving experiences.

00:01:37 – Automation in Industry 4.0

Industrial automation enables streamlined asset management to improve operational efficiency and ROI. Predictive maintenance, also referred to as preventive maintenance, monitors the performance of industrial equipment and accurately “predicts” when faults could occur. The administrator can, hence, take preventive measures well before the fault occurs.

00:01:52 – Telemedicine in Healthcare Domain

One of the most important benefits offered by telemedicine – Doctors and patients are able to communicate in real-time and treatment plans are provided online. Patients in remote locations are hence, able to access quality medical care without having to physically visit the hospital.

Remote patient monitoring and continuous collection of patient data are other advantages of telemedicine.

00:02:12 – Personalization in E-commerce Industry

Personalized product recommendations are incorporated in e-commerce websites to improve the user experience and boost sales. The product recommendation engine utilises Machine Learning algorithms to gather historical customer data for analysis. The recommendations provided are based on the browsing and purchase history of that customer.

Virtual search solutions and dialogue-oriented online retail are other prominent IoT trends in the e-commerce industry. Curbside pickup has also gained a lot of popularity in 2020, after social distancing norms were introduced by governments across the globe.

00:02:47 – Workforce Management Solutions at Enterprises

IoT improves workforce management in organizations through streamlined operations and visibility. Effective space utilization, environmental monitoring and smart lighting are some initiatives that are likely to improve productivity in the future.

00:03:07 – Capacity Management, Personalization and Improved Security in Banking

Smart cards and biometrical tokens have been found to improve the security of payments. IoT can also be leveraged for personalized wealth management insights.

IoT sensors are used to collect data for capacity management at banking institutions with high footfalls.

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