State of IoT – The Post Pandemic Resurgence

Technology is playing a pivotal role in helping societies respond, recover, and thrive in the COVID-hit world. The increasing importance of capturing real-time data and acting upon the insights is driving focus on Internet of Things (IoT) – both in terms of its wider applicability and the path towards achieving scale. IoT spending has been increasing each year across the globe even in times of the pandemic. While economic barriers are receding, significant obstacles remain in adoption, security, and reliability of this technology. A positive, virtuous cycle of accelerated growth can be charted when scale of adoption will meet sophistication in terms of more automation, to deliver both cutting-edge solutions, as well as, technology for the larger social development. As intelligent devices and machines become more available, IoT technology will begin to be viewed as having a reinforcing positive impact on the everyday lives of citizens.