Consulting group BCG estimated that the spending for IoT will grow to $267 billion by 2020. This is a clear indicator that organizations in different markets are likely to increase their adoption of the technology and further their investments in these connected devices. In healthcare, IoT has enabled clinical staff to have better visibility over patient data by bringing them more patient-generated data for monitoring and analysis. Since these devices rely heavily on wireless communication to exchange data with other systems, hospital IT departments will see an uptick in IoT interest.
Many wearable devices in healthcare today rely on wireless communication to transfer the data to a host system or other device. This method of communication makes it convenient for patients and hospitals by eliminating the need for loose wires and costly infrastructure costs. Connectivity requires either Wi-Fi or Bluetooth, and connecting smartphones is one of the preferred uses for Bluetooth.