Internet of Things: tech doesn’t walk alone

2 min. reading
Internet of Things, Investment, New Gen, Private banking / 2 February, 2023
Internet of Things: tech doesn’t walk alone

Belén Villar Client Solutions

Our society is undergoing structural behavioral changes, and much of it is due to the Internet of Things. IoT, by short, is an emerging technology that is changing the way we live, work and interact with the world we live in. By connecting devices, sensors and systems to the internet, it enables greater automation, better understanding and increased efficiency in our daily lives. 

Of course, the possibility of circulating large volumes of information in real time and relying on a good data infrastructure in the cloud is made possible with the support of other disruptive technologies such as:

Its success is not only evident, but essential to understand what is being forged: the fifth industrial revolution. According to Statista, by 2030 there will already be more than 25 billion connected devices worldwide and, even more, it looks like 2023 will be a growth year for this sector itself

The most evident IoT investments include sensors, chips and Wi-Fi networks. However, not all companies have the capacity to implement custom IoT infrastructure, and opt for configuring off-the-shelf IoT solutions. We can think of some good examples such as Google’s Nest Learning Thermostat, which enables companies to achieve optimal energy efficiency by controlling their devices and air conditioners. 

There is certainly a growing awareness that the Internet of Things is part of a global solution that is driving transformation for businesses, consumers and governments. Most likely we are talking about the next big breakthrough in the digital world, for its implication in the development of new applications such as smart homes, smart cities, connected cars and industrial IoT.

At BBVA New Gen we believe we can find good opportunities on the horizon by following these changes closely and ensuring they are used ethically and responsibly to maximize their benefits for society.

Source: BBVA Open Mind