The Internet of Things (IoT) industry is experiencing rapid growth, with Statista predicting 32.1 billion IoT devices by 2030. Chris Baird, CEO of OptConnect, highlighted several key trends in a recent, exclusive interview with IOT Insider.
Pandemic Accelerated Existing Trends
Baird noted that the pandemic accelerated the push for constant connectivity. As suggested in the interview, existing trends grew rapidly, with many retailers using interactive kiosks to replace positions that would typically involve human interaction. During this period, many businesses adopted technology to replace in-person interactions, including OptConnect.
Rising Connectivity and Data
The pandemic led to substantial infrastructure investments, with major U.S. carriers expanding their fiber networks. With the number of connected devices expected to reach about 30 billion, there’s a vast amount of data to handle. This demands advanced technologies like AI and machine learning to process and extract actionable insights.
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