IoT to Become Dominant Trend in 2014

Depending on whom you ask, events such CES 2014 were noted as being uneventful in terms of ground breaking technology. The analysts who made those types of comments could be misguided and somewhat oblivious to the larger overall trend. If you look closely, you’ll understand that the Consumer Electronics Show was merely a precursor of the next generation of technology. 2014 is expected to become the year where the term IoT or “Internet of Things” becomes a dominant buzzword in household technology.

Research seems to support this idea. The analysts at Gartner predict that over 30 billion devices will be connected to the internet by the year 2020. While personal media devices, mobile devices and computing devices will make up the majority, a rising minority of things will start connecting to the internet that are designed to enhance a consumer’s experience. When humans have data on everything they do in life, they can begin to make smarter decisions which can positively impact their personal bottom line.
Samsung is a company that is setting trends in the IoT market. Samsung has an advantage over many of its competitors because Samsung is able to take a unique approach to the market. Samsung’s mobile device research and development department can create unique applications and cloud based tools that can be prototyped as a mobile application, however the application can then be ported to interconnect with the cloud when used inside of Samsung’s line of household appliances. Samsung’s advantage stems from the fact that the company is also one of the top producers of refrigerators, home ovens, microwaves, washers and dryers and more.
Imagine being able to manage your household by having on-demand statistics available in an app that provides a dashboard that tells you all about the state of your household and your appliances. You could be grocery shopping and forget if you have a certain item in your refrigerator. Using the cloud and the IoT, you could have the ability to peek inside of your refrigerator to see if you have the item you need without having to call home to ask your significant other. The cloud and the IoT will work together to help consumers make more informed decisions based on real time data gathered from their household.