Many of the technology trends of 2016 are beginning to take greater shape in 2017. That includes the internet of things (IoT). While there seems to be more buzz around artificial intelligence and machine learning, many tech experts are still tinkering away with the various IoT applications, creating smart offices and homes that have networked climate controls, appliances and utilities to improve energy consumption and security. While I’m currently not representing any IoT products or startups, I have tried and tracked numerous solutions.
Certain types of IoT products have gained momentum in the market, including home thermostats, door locks controlled from smartphones and smart refrigerators. This is just the beginning from what I’ve seen as many of these companies develop. Whether you are thinking of creating your own IoT startup, contemplating adding IoT applications to your business or pondering the investment possibilities, it is important to pay attention to some of the key trends shaping this area over the coming year.
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