Four IoT trends that UK businesses should focus on in 2024 include compliance with the Product Security and Telecommunications Infrastructure Act of 2022, which mandates password-enabled devices and disclosure of security support duration to enhance cyber threat protection. Additionally, the rise of narrowband IoT networks presents opportunities for remote businesses to access new devices, promoting automation and efficiency. The integration of artificial intelligence (AI) technologies into IoT devices is set to revolutionize performance, allowing for predictive maintenance and energy optimization, ultimately reducing costs and downtime
Furthermore, the development of new memory technologies like magnetic RAM and resistive RAM can enhance the efficiency and performance of IoT devices, potentially leading to market expansion. These trends reflect a shift towards more connected and secure IoT ecosystems, requiring businesses to adapt to new regulatory frameworks and technological advancements to stay competitive in the evolving landscape of 2024. https://www.techrepublic.com/article/iot-trends-uk/