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Big hit at the CES: The internet of things will continue its sharp ascent

The internet of things is set to explode by 2020 with 24 billion IoT devices installed. In the next 5 years, $6 trillion will be invested in IoT solutions.



The 2017 Consumer Electronics Show held in Las Vegas, Nevada introduced a host of new technology that can soon revolutionize our future. One of the trends of the event was IoT, or the internet of things which seems to be gaining a lot of traction in recent time due to cutting edge innovations, sleek designs, and more.

Trends at the Consumer Electronics Show

According to Forbes, one of the trends seen at the Consumer Electronics Show had been voice recognition, artificial intelligence, virtual reality, and of course, the internet of things. The article stated that 71 percent of parents bought at least one IoT device and 37 percent plan to add a similar device in the near future. Gadgets that cover IoT include smart TVs, TV devices, health and fitness trackers, smart children’s toys, and smart home devices.

In addition, one of the smart devices that have made big news during the CES is Alexa, an AI voice assistant developed by Amazon. An article that appeared on Curbed also made note that smart homes were a common theme presented by various manufacturers such as Samsung and LG.

Smart watches and health and fitness trackers are part of the IoT revolution. (Source)

How will the internet of things revolutionize the future?

The internet of things was a dominant theme during the CES  and the technology showcased has been covered and discussed by various media outlets. But just how popular is the internet of things?

In a report published by Business Insider, it is forecasted that the IoT will explode by 2020. By that year, about 24 billion IoT devices will be installed and over the next five years, there will be $6 trillion will be invested in IoT solutions. Moreover, the three largest ecosystems where IoT will be used include consumers, governments, and businesses.

At present, IoT adoption levels are at 60 percent for organizations who have already jumped on the IoT bandwagon while 45 percent “were funded by a new budget allocation,” according to the source. Within one year, there are 23% of companies who are planning to start their IoT initiatives. However, most executives said they are still in the planning and proof-of-concept stage with only 20 percent expecting to implement IoT solutions by 2020.

Seeing the smart difference in your home

Employing the use of IoT at home can have a number of benefits and one of these is ensuring that the home is safe and secure. One of the fastest rising IoT devices is the ROVR from 5BARz International (OTCQB: BARZ).

A state-of-the-art IoT hub and router, the design of the ROVR is founded on simplistic minimalism which is the design for a lot of today’s consumer electronics. It seamlessly blends in with the home while being a useful addition to the household for its cutting-edge technology and high-tech features.

The IoT is founded on providing added safety and comfort for the home and the ROVR delivers that with its Smart Home functionalities. These include providing alerts with a call or SMS for functionalities such as temperature, humidity, gas detection, motion sensors, and cameras. In addition, the ROVR can be used by everyone at home as these features can be accessed with additional accessories in the future as 5BARz adds more integrations into its connectivity suite.

Samartha Raghava Nagabhushanam, CEO of 5BARz India Private Limited said, “The product combines cutting-edge technology and world-class design with exquisite attention to detail. It’s a high-quality design envelope for a set of some disruptive features in the wifi domain. ROVR has functionalities that enable wifi users to smartly monitor, manage, and control their home networks while at home or away using intuitive features that we are making available through the Connectivity Suite. You will basically be able to talk to your devices without knowing code.”

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Anthony Donaghue writes about science and technology. Keeping abreast of the latest tech developments in various sectors, he has a keen interest on startups, especially inside and outside of Silicon Valley. From time to time, he also covers agritech and biotech, as well as consumer electronics, IT, AI, and fintech, among others. He has also written about IPOs, cannabis, and investing.