The Coronavirus’ Effect on the Internet of Things (IoT) & Data Analytics Industry

The Coronavirus pandemic had a tremendous effect on the ways in which people use and depend upon ever increasing amounts of data and its analysis. This includes artificial intelligence (AI) and machine learning. In many online activities, such as ecommerce and tools that allow work-from-home, the virus compressed what would have been 5 to10 years of digital advancement and adoption into a few months’ time period. It boosted a number of trends that will continue to dominate many sectors. Movement to the cloud will continue to accelerate. Before the onset of the virus, McKinsey & Company reported that only 20% of businesses had shifted data from in-house servers to the cloud. This dramatically accelerated and will continue to do so over the near to mid-term. Another area that will boom is automation technology. The use of AI and robotics will increase rapidly as businesses look for ways to cut costs and to minimize business disruptions. This includes automation in warehouses and factories. IoT is closely tied to, and often a major enabler of, this type of enhanced industrial technology.

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The Coronavirus’ Effect on the Internet of Things (IoT) & Data Analytics Industry, Business and Industry Trends Analysis

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