Largest untapped area of IoT is voice-activation
The Internet of Things is already an active part of all of our lives. From smart thermostats and speakers to a grocery list you dictate to a virtual assistant while driving, these connected devices have made countless parts of life easier. Perhaps surprisingly, the number of businesses adopting IoT solutions to drive efficiency up and the bottom line down has lagged behind consumer adoption.
The largest untapped area of IoT is voice-activation, both in terms of applications and deployment in existing devices. However, as a post-COVID-19 world embraces touchless technology at an unprecedented rate, voice-activated IoT is gaining traction.
Benefits of Voice-activated IoT Using voice to engage is intuitive and natural, but voice-activated devices offer additional benefits as well.
Hygiene With public health driving current conversations, touchless devices are gaining in popularity. The less you use touch to engage with devices, the less risk. Everywhere cross-contamination occurs–keypads at checkout, buttons and dials inside your vehicle, keychains and door knobs– a voice-activated device can reduce the need for physical contact.
Convenience A single voice-enabled device can control a number of systems, eliminating the need for multiple controllers or engaging with multiple devices. Additionally, voice-activated devices make complex operations possible while driving, minimizing the risks of distraction. IoT can make asset management and tracking simple and on-demand.
Cost-SavingsVoice-enabled devices have the unique ability to reduce costs by eliminating the need for touchscreens. For devices that are used intermittently and are frequently dormant, voice activation is of particular value.
Accessibility Voice-enabled devices are perfectly suited for mobility-impaired users. From performing basic tasks such as thermostat adjustments and light control to complex uses like navigation apps for the visually impaired, voice-activation gives disabled users greater access to the world.
The Market for Everyday Voice-Enabled IoT In the United States, almost 55 million people already own at least one voice-enabled IoT device, not including smartphones. The global market for voice-enabled IoT devices is projected to grow more than twenty times by 2022. This is significant when considering that annual global spending on smart home systems alone is currently $115 billion.
The Impact of Iot on Businesses Despite a few industries rapidly adopting IoT business solutions, the use of IoT in enterprise is still in its infancy. Three-fourths of surveyed companies agreed that voice-activated technology was valuable to the enterprise, but had failed to adopt it into their business operations. The time is now. More than 60% of healthcare organizations use IoT devices, with many more expected to adopt new technologies in the next few years. Manufacturing is the fastest-growing enterprise market, with 84% growth between 2016 and 2017. Voice is projected to capture up to 12% of industrial IoT applications by 2022. These numbers make sense when considering the unique abilities of these devices to reduce inefficiencies, improve productivity, and optimize supply chains.
Three Types of Voice, Limitless Applications The three types of voice used in Iot devices lend themselves to distinctly different applications. Bi-directional voice is interactive and is used in voice-integrated video surveillance, wearable devices, and customer interaction. Mono-directional voice communication requires lower bandwidth than bi-directional and can be used in automated building controls, voice recognition door entry, and intercom systems. Voice recognition systems can respond to multiple languages or voices and are suitable for home automation, consumer devices, and vehicular applications.
Integration Made Simple Up until now, the cost of integration and time to market has discouraged businesses who wish to integrate voice into their IoT solutions. With fast-track processes and fixed-price enablement, Speridian can voice-enable Wi-Fi devices quickly and efficiently, producing remarkable ROI.
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