Top 20 IoT Solution Companies - 2020
Internet of things (IoT) has slowly become an everyday word in people’s life and moved beyond its hype phase. The last decade experienced a surge in IoT’s popularity both in the industrial section as well as commercial and household space. Undoubtedly, the near future is likely to witness all of the household items, such as cars, TV, watches, kitchen and bathroom appliances go online and communicate with each other.
As IoT clearly offers multifold advantages to innumerable businesses, the last few years have seen the rise of ‘talking mannequins’ that can seamlessly communicate with customers’ smartphones in retail environments. These ‘talking mannequins’ provide information about products on display and offer other insightful data about the purchase to the consumers. Even sensors, communication networks, analytics, cloud, and applications—the major components of the IoT model are highly innovating every industry.
In the network communications area, the introduction of 5G has opened new entries for more devices and data traffic. Add to this trend the increased adoption of edge computing, which makes it easier for organizations to process data at a faster rate and close to the points of action. Moreover, numerous IT giants are looking to increase their market share through artificial intelligence (AI) algorithms and leverage machine learning and deep learning, empowering them to extract more value and insight out of their ever-growing volumes of data.
These are just a few among many new entrants that are making a splash in the IoT space. In this edition of CIOReview, we are glad to feature top solution providers that are making a mark in the IoT market.
We present to you, “20 Most Promising IoT Solution Companies – 2020.”