How exactly does a startup using IoT
stay afloat in a competitive business scenario? Well the best way is to explore
unchartered territories and locating niches that may prove to be very
profitable. Experts have discovered that wearable technology has more than
300,000 developers and the numbers are growing at a rapid pace. It is predicted
that by 2020 the number may be 4 million. What sparks this growth? Read on to
know more about IoT niche.
Upcoming Markets
For the newer markets it is predicted
that the consumers will contribute to their growth. Sometimes the connected
systems can be very complicated but system architects connect technical aspects
with the business requirements making sure that everything will run without any
problems. This will include a deep understanding of business goals and
technical skills. Tapping into fresh markets will require a lot of creativity.
Taking Customers
Into Consideration
You obviously have to think about the
customer when you are dealing with a product. If you plan to solve any issue
related to a product you have to have a good understanding of the customer. You
also have to choose between consumers and big companies. Also you have to
understand that there are several areas that come into picture with wearables.
The jobs in this niche do not just use sensors; it involves marketing, machines
and data analysis. The money in this field is not just in the technology but
also present in all services which connect them. Also there are different ways
to make sure that an idea works out.
Using
3D Printing
This is seen as
novelty for many people you can indulge in printing toys and various other
things. The utilization of printing is not at home but within the technological
world. This is very helpful in creating prototypes of new technology. Reliable
brands and organization now depend heavily on 3D printing. This also implies
that prototyping can happen in very less time. 3D printing implies faster
creation, making changes fast and quick selling in the market. This is also
used in the medical sector very often. This particular field needs a good
amount of creativity. The best thing about these make driven ideas is that they
seem to highlight all the importance of such crossovers. In other words, wearable
devices cannot exist in total vacuum. This basically combines other fields with
technology and helps to tap into other niches. The results are always
interesting and fruitful.
The Industrial IoT
This works very well with the Smart Warehouse. The industrial
scientists who deal in data will gain importance as the companies begin their
connection with warehouses. It does not matter if you are into creating robots
that will obey your every command and also create good connections that will
help vehicles stay online, there is no doubt that the IoT in the logistic
sector will experience a boom. The system can be fragmented under different
companies by utilizing styles and standards this is an opportunity for the
various developers Experts have conducted surveys and concluded that there will
be an increase of 350k of jobs in the IoT sector of the industry. It is also
known that the manufacturing sector is also undergoing a huge boom in terms of wearable
gadgets. The Industrial IoT is not an entity by itself but a collection of
components providing a variety of opportunities to individuals who are keen to
seek employment.
Security
This is one of the
things that spring’s to everyone’s mind. Every designer and consumer spends a
great deal of time thinking about it especially when they want to expand.
Sometimes it may give rise to various problems and they need to be checked to
ensure that the field if safe and the customers do not feel threatened. This
has prevented people from using smart gear simply because they feel that their
security may get compromised. Now that IoT has been expanding well into various
fields the customers must feel comfortable with the concept of cyber security.
The best thing about cyber security is that the user will have many options to
choose from. The opportunities are endless as long as things are connected with
each other. Skills in CSS, Android, Javascript and Java will be very beneficial
to get into this field as the security aspect is expected to become a bit more
complex. A recent survey has revealed that the entire world is already running
short of a million security experts. In the coming days recruiting good people
to look after a connected environment will become a tedious jos with too many
open doors.
The Connection between IoT and Agriculture
This is a suitable thing for those individuals who want to combine social
service and business. It has been notices that this sector has generated 2.06
billion in funds. A certain company in 2015 had managed to raise close to $400
million which is a drastic improvement to $267 million in the year 2014. There
is no doubt that by utilizing IoT is good for making decisions and helps to
curtail expenses. This also gives rise to good practices and more food. The
population is ever increasing so farming techniques need to be updated. This
sector may not generate a lot of money like logistics but it has he potential
to raise money. Combing the right data techniques and connected tech may be the
perfect way to move ahead.
Well now you have a very good idea on IoT Niche and there are plenty of areas that need to be considered
such as smart homes, smart grids and popular wearables. A lot like security the
importance of cloud security will increase. You have to accept that this niche
has become very popular and all of it may not be life changing but it certainly
involves a lot of creativity and a systematic approach in case you want things
to run properly. So it is always advised to take things really slowly and not
rush decisions. There is no doubt that IoT will usher in a big change.
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