In the midst of the economic challenges of 2020 including a dramatic shift to remote work and the increasing demand for a more efficient interconnected global economy, research now suggests that IoT is positioned to accelerate a reopening global economy and provide answers to the growing demand for distributed economies in 2021 onwards.
From online shopping to booking tickets and appointments, evolving digital platforms have enabled society to switch from the traditional methodology of work and commerce to more dynamic digital interactions. One of the primary reasons this has been able to take place is widespread access to common technology that has allowed society to connect, communicate and do business remotely. Even in the midst of a global pandemic, we as a global society have benefited from technology to stay informed, connected, and engaged.
Throughout 2021, we are seeing some interesting developments through the rise of some new technologies and the acceleration of existing ones. As we continue into 2021 and global markets begin to resume normal health practices and IoT is set to not only bring the world back to a healthy level of economic progress but to accelerate innovation positioning the world economy for accelerated growth leading into the near future.