2. Satellite IoT becomes a reality

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The Internet is gaining momentum everywhere as satellite-based narrowband IoT is poised to fill the gap between terrestrial mobile services and non-cellular IoT networks. Currently, terrestrial services are far from ubiquitous, and vast swaths of the earth’s surface are not covered by cellular networks. This presents a huge opportunity for satellite-based IoT to solve the problem of mobile connectivity in remote locations. Potential applications include asset tracking, oil and gas, utilities, manufacturing, and construction.

Starlink is probably the best-known satellite IoT player, but there are a growing number of companies looking to leverage this new technology. 2022 could be a watershed year for the technology, helping to spawn new sectors and push niche markets into the mainstream.

3. The Metaverse merges with the IoT
Digital twins are nothing new, but the term is just cyprus mobile database to permeate everyday technical language. The ability to interpret physical objects digitally and overlay data to create a digital twin enables sophisticated simulations. But when that digital representation is embedded in the metaverse, the business benefits begin to grow exponentially.

Now, businesses can digitally recreate anything from a single endpoint to an entire plant or ecosystem. And hosting a digital twin in the metaverse, coupled with live feeds, enables everything from more accurate predictive maintenance to maximizing productivity based on virtually limitless scenarios. Even smart cities can be simulated successfully, accurately, and in real time.

When the IoT merges with the metaverse, sensory data takes on a whole new dimension. All the pieces start to fall into place, and a new reality is just around the corner.

4. A New Generation of IoT Innovators
The implementation of IoT is already having a significant positive impact on business. Operational cost savings, improved worker safety, increased business opportunities, and increased customer retention are all pushing IoT to the forefront. However, as IoT becomes the driving force behind Industry 4.0, many first-generation players are starting to lose ground.