Future of IoT Technology: Major Trends for Businesses to Watch in 2023

The internet of things (IoT) is growing at a rapid pace and has the potential to change the way we work, shop, and enjoy leisure time. IoT is currently in its nascent stage, but it’s gaining momentum and is expected to affect our daily lives profoundly.  According to Statista, in 2020, there will be 9.7 billion IoT-enabled devices which are expected to inflate to a whopping 29 billion by 2030.

According to TDengine, the internet of things is constantly progressing, so your organization must keep up with technological changes. This is especially true for companies that rely on technology to provide them with information and feedback about their operations. The team at IT Support Louisville helps local businesses to leverage the power of IoT technology.

In this blog, we’ll take a look at some of the key IoT trends that will shape the future of IoT new technology in business in 2023. So whether you’re a startup or an established business, keep an eye on top trends to stay ahead of the curve.

6 IoT Technology Trends to watch in 2023

1.    Focus on IoT cybersecurity

Remote asset access has become increasingly important in the IoT technology world. Organizations must ensure that their assets stay safe and secure, and remote access can help with this task. To minimize the risk of cyberattacks, companies must use various cybersecurity techniques. These may include data security, data privacy, device security, application security, or operational security.

Other trends that will impact businesses in IoT technology in 2023 include the continued growth of autonomous vehicles, advancements in machine learning, and the increasing use of artificial intelligence (AI) and augmented reality (AR). All of these developments are helping to make remote access a vital part of modern business operations.

2.    IoT is developing into a crucial technology for sustainability

According to a recent study, the internet of things (IoT) is a vital technology for sustainability and has the potential to create a billion-dollar market by 2023. It is a digital connectivity ecosystem where connected devices work together to monitor and manage their environment and each other. This facilitates efficient automation of processes, improves efficiency, and reduces costs. Additionally, the growth in the internet of things is creating new business opportunities for businesses.

IoT has the power to track and manage assets, thereby leading to improved efficiency and accuracy. Businesses are starting to see the potential of IoT for tracking and managing assets such as water meters or air quality sensors. These sensor devices provide real-time data that can be used in artificial intelligence and machine learning models, helping businesses make better decisions. Additionally, companies use IoT technologies to understand customer habits more effectively, thus optimizing marketing campaigns.

3.    IoT advancements in healthcare

IoT-enabled devices, sensors, and networks are revolutionizing how businesses operate and conduct business. The ability of IoT technology to provide real-time data to help enterprises to make informed decisions and work more efficiently is a leading edge in today’s technological world.

IoT-enabled devices can help businesses save time and money by monitoring their operations remotely, reducing wear-and-tear on equipment and equipment maintenance. In healthcare, IoT advancements are helping healthcare providers better monitor and treat patients by gathering real-time data about a patient’s health. This enables healthcare providers to make timely medical decisions that can help improve patient outcomes.

4.    5G driven IoT prospects:

5G will play a significant role in developing IoT technology in 2023. The benefits of 5G include faster data transmission and low latency, enabling businesses to access and control devices, including machines and vehicles remotely. With faster data transmission, remote devices can make more accurate decisions and operate more efficiently. Additionally, 5G networks can support devices in multiple locations across the globe, which will help businesses move beyond traditional boundaries.

With 5G-enabled connectivity, businesses can implement a real-time decision-making process for their operations, making them more efficient and reducing costs. Companies can save time and money while achieving increased efficiency by eliminating the need for cumbersome device-to-device connectivity through a traditional network. Overall, 5G-driven IoT technologies have the potential to revolutionize business operations and strengthen organizations across various sectors.

5.    Immersive realities (VR/AR) are entering the enterprise environment

Enterprises are beginning to understand the value of immersive technologies and are investing in them. As a result, the use of virtual reality and augmented reality is overgrowing, particularly in industries such as education, manufacturing, and tourism. In addition, organizations are experimenting with this technology to improve employee productivity and customer interactions.

Enterprises also use immersive technologies to enhance their digital footprint and extend their reach into new markets. For instance, enterprises are using virtual reality headsets for training employees or customers in remote locations.

Finally, organizations use immersive technologies to develop their hardware and software products. As a result, enterprises can innovate and stay ahead by taking advantage of these emerging technologies.

6.    Hyper Automation is transforming operations

Hyper Automation is a computing term for using automation to handle computing-intensive tasks. It promises to revolutionize businesses with the convergence of the cloud, big data, and IoT. Companies will increasingly rely on machine learning to automate processes and optimize operations. Organizations will need to adopt new security and compliance standards to manage the increasing number of connected devices. As businesses leverage machine learning for automation, they’ll have to develop new strategies for managing data privacy and protecting intellectual property. The proliferation of mobile devices will also create new opportunities for business interactions through IoT.

With hyper-automation becoming the norm in businesses, organizations are expected to adopt automation technologies that can easily handle various computing-intensive tasks. It will lead to significant advancements in automation technologies such as artificial intelligence and machine learning. With these advancements, businesses can automate processes more efficiently and quickly, leading to greater business efficiency and effectiveness.


The future of IoT is bright, and it’s only getting more optimistic. We are just on the edge of experiencing a transformation in automation and efficiency across every industry. This year, we will see businesses adopting automation, machine learning, and artificial intelligence to do their work. IoT has proven its potential across sectors, and the use cases keep expanding. From self-driving cars to smart homes and connected devices, the future of IoT is closer than you think.

Post courtesy: Systems Solutions, IT Support Provider in Clarksville & Evansville