One of the most famous digital innovations emerging in recent years is the Internet of Things (IoT). There’s no denying that the IoT impacts every part of our lives. The expanding trend of internet-enabled devices has been impacted by urbanization and industrialization, resulting in a global market share for the IoT. Given the potential and significance of IoT in the world, it is worthwhile to examine the market’s valuable details. By 2022, with an increasing graph of IoT devices, there may be around 20 billion IoT smart devices up and running, increasing the demand for a 5G network. This blog on “Internet of Things explained” will give you comprehensive knowledge about IoT and how it is making an impact.
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Before going in-depth about IoT, first will discuss what IoT is?
What is IoT?
The Internet of Things (IoT) is defined as physical objects with sensors, computing power, software, and other technologies that can connect and transfer data with other devices and systems over the internet or other communication networks. The IoT is a network of interconnected devices such as sensors, electronic equipment, cameras, etc. They are programmed so that IoT provides automation for connected devices.
IoT is a well-known concept that has gained massive popularity over a few years. The implementation of IoT in the coming years will have a huge impact on the human race’s future. Moreover, IoT can help people live better lives by giving them more control over their surroundings and transforming real objects into intelligent or smart virtual devices. Because of its many meanings and perceptions, the Internet of Things is a complex subject that demands thorough technical expertise and comprehension before implementation. However, it will result in efficient processes with excellent scalability and interoperability among things or objects. IoT is becoming a reality progressing day by day, connecting billions of people and things to form a vast global network.
Looks quite complicated, right? To get detailed knowledge about IoT and its works more comprehensively, keep reading this blog.
Importance of IoT
In the current scenario, IoT technology is playing a vital role in the enterprise for their future business. Technology has a significant impact on common people’s and professionals’ work. It has several benefits and perks that can help enterprise’s common people make their lives easy. Following are some of the importance highlighted:
For any business or organization, customer satisfaction is a critical factor that needs to always focus on using advanced IoT technology like mobile card readers or smart trackers, which can enhance the customer experience. Using mobile card readers can help conduct all transactions on smartphones very smoothly. The smart tracker can assist in tracking products and inventories. When utilizing IoT technology, the devices interact with and develop business functions. As the feedback is received from customers by using IoT devices, it helps to improve services and increase the level of customer satisfaction.
Better Use of Resources and Assets
Using linked sensors to automate scheduling and monitoring allows for greater resource efficiency, such as better power management and water consumption. For example, simple motion detectors may save significant sums of money in electricity and water bills, thus making both small and large enterprises more productive and eco-friendly.
Gather Rich Data
For any type of organization, data is termed the most important weapon. Organizations extensively use the IoT models and methodologies in their businesses to gather a huge chunk of data about customers and company products. By collecting this information, the organizations perform further analysis and do deep understanding to improve their product quality to expand their business and earn more profit.
Enhance Security Measures
IoT enables the access control system to increase security to the company and the general public. The usage of IoT technology in surveillance can help strengthen security standards and track any suspicious activity in the firm. For example, it might be useful in the workplace to track an employee’s actions and keep track of their everyday activities.
Reduce in Operational Cost
The advancement of IoT technologies can benefit the organization to reduce their operational cost and other costs to earn maximum profit. Every organization tries to reduce its operational cost, but only that enterprise becomes successful, using maximum use of IoT solutions. Therefore, there is a need for constant connection to the smart device and organization to reduce operational costs.
Use of Smart Devices
Across all enterprises, smart devices have increased significantly, and organizations accept them. Smart device applications are improving in various industries, including transportation, hospitality, healthcare, and education. All these sectors use these devices for their business and take maximum advantage of them. The adoption of smart devices increases productivity, ensuring that a company will profit from those devices. IoT devices can be utilized in the manufacturing industry, where there is a requirement for resource management and real-time monitoring of various production phases.
We learned the importance of IoT, and now we will discuss how it works.
How Does the IoT Work?
Internet of Things combines smart electronic devices, local area networks, the Internet, cloud servers, and the user application. First, an IoT device connects to a local network. The information is then sent to the cloud servers over the internet. The cloud servers also give the IoT device data or information from the end-user application. This information transfer is a two-way communication that aids in the operation of the IoT system. Here are four fundamental components of the IoT system, which tell us how IoT works.
Sensors or devices help in collecting very minute data from the surrounding environment. This data can have various complexities ranging from a simple temperature monitoring sensor to a complex full video feed. In addition, a device can have multiple sensors to bundle together to do more than sense things. For example, there are sensors in your phone, such as GPS, tracking your location and guiding you to your destination. In addition, cameras detect human movement to click photographs. Look for additional sensors in your mobile devices.
Cloud servers process the data that sensors gather. But, to do so, they need platforms. Connectivity is the interconnection among all IoT devices in any IoT ecosystem, including sensors, routers, gateways, user applications, and platforms. It permits you to take control over the whole IoT system, and hence it is important to select the proper kind of connectivity path. For example, WiFi, Bluetooth, Zigbee, cellular networks like LTE or 5G all offer connectivity to transmit massive amounts of data.
Once the entire data transmits to the platform, functions perform on this data to process the data and send back necessary outputs. In other words, data analysis must take place. This step is the most important in IoT technologies. The analysis must happen at a quick rate to provide better results.
User interface is the final stage. This stage is in direct contact with the user, and it gives the output that users see on their screen. Every IoT device has a different interface, as each device has a different task or purpose of accomplishing.
We will grasp some ideas on the top demanding Internet of Things in the next segment.
Top Demanding IoT
IoT is more about just connecting things and gathering data. It is indeed a huge market linking multiple parties. First, there is a need to connect multiple devices from diverse manufacturers, functions, interfaces, and standards data from these smart sensors is subsequently analyzed by enterprise systems to provide actionable business intelligence. Finally, the results are shown on dashboards via web and mobile apps.
The IoT market has expanded in recent years, demonstrating a wide range of potential solutions developed by IT firms. Manufacturers of supporting devices for IoT also determine the market demands. Following are some of the top IoT market needs in 2022:
- Analytics and Machine Learning
- Blockchain in IoT
- New Cellular Communication Modules
- The Latest Technologies in Simple Wireless Devices
- More Complex IoT Gateways
Now we will see a closer look at each IoT market’s needs.
Analytics and Machine Learning
Applying Big Data and Machine Learning solutions will be useful in the IoT arena creating new opportunities. With billions of interconnected devices, there is a wide range of availability of real-time data for analytics. Documents of data, metadata, and logic execution will assist in heightening machine learning. Applying ML will make it easier to categorize algorithms following the types of data they can accept, their structural similarities, and the amount of data they can handle against a time frame. Machine learning can be used in the following scenarios:
- Guided learning – The desired result is known
- Unguided learning – The data is not available yet, so the result is unpredictable
- Reinforcement learning – The learning obtainable is the result of communication between IoT models and the environment
A great combination of big data, analytics, and machine learning will be an optimal tool for effective streaming data analytics. Furthermore, by combining these technologies, industry experts will be able to use IoT data to train various types of AI applications, including machine learning engines.
Blockchain in IoT
Blockchain is a digital ledger technology that works with the IoT to enable machine-to-machine interactions. It uses a series of transactions stored in a database, checked by numerous sources, and recorded in a shared ledger disseminated across all nodes. The combination of IoT and blockchain offers several potential benefits, including the ability of a smart device to f independently of a centralized authority. It can also track how gadgets interact with one another.
IoT has been used with blockchain in various industries, including banking, financial services, automotive, and agriculture. In addition, smart homes, supply chains, logistics, and a novel mechanism known as smart contracts have all been used in conjunction with IoT. When particular requirements are met, smart contracts leverage blockchain to automate contract execution in IoT ecosystems.
New Cellular Communication Modules
IoT devices are found everywhere and will enable circulatory intelligence in the future. It is important and useful for operational perception to understand how various IoT devices communicate. Communication models used in IoT have great value. The IoT allows individuals and things to connect any time, any space, with anything and anyone, using any network and service. Companies in the IoT sector are eager to migrate to new cellular communication modules. This is because cellular communication modules are getting more cost-effective and higher quality.
These specified communication modules usually include:
- Industrial modems: Industrial modems enable remote operation of industrial field locations by providing wireless data transfers between remote serial devices and the central control system
- Advanced firmware: The firmware is a piece of code that resides in a non-volatile part of the device that enables the device to perform the functions for which it was created
- Power management: The device power management in IoT involves all the steps related to the designing process, and it is very important to take into account how the device will behave and how this behavior affects energy consumption
Latest Technologies in Wireless Devices
Wireless technology has grown enormously over the years. As a result, new and innovative technologies such as robots, drones, self-driven vehicles, and new medical devices exist. The need for the Internet of Things (IoT) will be a cornerstone for developing these technologies. They connect many sensors, tags, and activators in industrial enterprise and consumer applications. Some of the latest technologies in wireless devices include:
Cellular networks offer reliable internet communication for everything from streaming video to voice calls. Carriers offer Cat-M1 and NB-IoT cellular choices to compete with new LPWAN technologies.
Bluetooth is another well-known wireless technology among consumers. This wireless personal area network (WPAN) is a narrow communication technology (Bluetooth Low Energy) that aims to facilitate small-scale consumer IoT applications.
WiFi plays a critical role in providing high-throughput data transfer in homes and for enterprises — it’s another well-known IoT wireless technology. Though it has significant scalability, coverage, and high power consumption limitations, it can be quite effective in the right situations.
Low-power wide-area networks (LPWAN) use small, inexpensive batteries to offer long-range communication. This technology family is ideal for enabling large-scale IoT networks that require a significant range. However, LPWANs can only transfer small data blocks at a slow rate.
LoRaWAN is a cutting-edge technology with a lot of potentials. It’s comparable to Bluetooth but with a larger range and lower battery usage for tiny data packets. In addition, it controls all linked devices’ communication frequencies, power, and data rate. LoRaWAN sensors communicate with a cellular gateway to deliver data to the cloud.
More Complex IoT Gateways
An IoT gateway is a physical hardware or software program that connects the cloud, controllers, sensors, and intelligent devices. As a result, complicated IoT system gateways have received more requests than simple end-point data-gathering technologies. Furthermore, unlike simple end-point data capturing devices, complex system gateways necessitate a wide range of deployment of more specialized talents in such projects.
Now will see some IoT trends in 2022
IoT Trends in 2022
The IoT is a fast-developing ecosystem of linked gadgets driving innovation in our daily lives. This interconnected network of objects allows anything from autonomous industrial robots to self-driving cars to function. As per the research by Fortune Business Insights, the IoT market will expand from $381 billion in 2021 to nearly $1.8 trillion by 2028. The exponential growth of this industry will generate enormous changes across a variety of verticals as technology improves. Let’s take a look at the top IoT trends for 2022, so you can stay ahead of the curve.
1. Internet of Medical Things (IoMT) Continues to Expand
Since the beginning of the COVID-19 pandemic, healthcare has been one of the most dynamic industries of IoT adoption. This is due to the growing demand for hands-free health technologies and IoT devices’ ability to gain high-quality data. In 2021, 64% of US households reported using these services, with 43% saying they want to keep them after the pandemic. These statistics prove that it has a lot of growth potential in 2022.
IoT devices use every aspect of the medical sector, from public safety to social distancing monitoring to fitness bands and trackers to follow lifestyles. With the rise in telemedicine and remote healthcare adoption, IoMT can now analyze patients and their healthcare demands when paired with AI. It can also use blood samples and genetic data to diagnose and develop new medications. Even after the epidemic has passed, IoMT trends will continue to rise, making healthcare more accessible and improving user quality of life.
2. Cybersecurity Concerns
There’s no denying that the proliferation of IoT devices will create new security risks for businesses. According to Ericsson, a networking and telecommunications corporation, roughly 29 billion linked devices will be dispersed globally in 2022, with 18 billion of those directly related to IoT. While the tremendous expansion in IoT devices will spur innovation across many businesses, it will also introduce new dangers and security problems.
For example, if one device in a complicated network of connected devices is compromised, every other device it communicates with is vulnerable. Furthermore, the physical “things” that make up the IoT can be lost or stolen, necessitating an additional layer of protection to prevent breaches and attacks. Cybercriminals usually exploit these vulnerabilities by attempting denial-of-service attacks, exposing valuable data, or hijacking a user’s computing power for botnet armies or clandestine crypto mining operations.
3. 5G Drives IIoT Growth
5G is promoting the growth of IoT devices as both technologies go hand in hand. It provides hype connectivity and minimal latency – the two things that successful IoT solutions need. Moreover, there are already 48 billion internet-connected devices, stressing current networks to their limits.
Businesses will be able to extend IIoT into new areas because of 5G’s faster data transfer and expanded coverage. With minimal human intervention, entire factories might become cohesive and run as single entities. Businesses can now offer services that were previously too expensive and logistically challenging to develop. It will be a major driver of IoT growth and advancement in 2022, altering how we function in the future.
4. IoT Delivers Supply Chain Resiliency
Between 2020 and 2021, supply chain disruptions impacted businesses. As a result, more companies will use IoT connections in their logistical operations. Furthermore, remote tracking will provide organizations with the transparency they need to notice and respond to disruptions before they occur. Furthermore, the data collected by these devices may be put into complex algorithms, which can then provide useful information. These enhancements will considerably strengthen supply chains, but they will be hard to execute without more IoT usage. As a result, supply chain IoT may become more prevalent.
5. Edge Computing Grows
IoT and edge computing combined can resolve many bandwidths, security, and cloud reliability challenges. It also aids in the development of edge devices with inbuilt analytics capabilities, allowing computing to take place as close to the data sources as possible.
The obvious benefit is that computation can take place rapidly. As a result, it minimizes the amount of data sent to and received from the cloud and the latency between IoT devices and central IT networks and helps prevent network congestion. In addition, with IoT security and processing power developments, edge computing will become more dependable and scalable. As a result, it will play a crucial role in offering rapid and secure insights in 2022, as more enterprises strive to use a hybrid cloud ecosystem to deliver IoT services to their consumers.
6. Wearable Technology
Wearables are among the most popular consumer IoT segments, and that trend will expand in 2022. Most wearables are currently limited to smartphones and wristbands. Still, they will expand to include smart rings, smart glasses, virtual reality headsets, connected fabric, and IoT ID tags in the future. They’ll also become a major source of interaction. For example, according to 43% of customers polled, smartphones will be supplanted by wearables, and 40% of smartwatch users currently engage with their phones less. On the other hand, wearables will aid in improving accessibility for those with disabilities. In addition, it will expand augmented reality (AR) apps, help businesses reduce workplace injuries, and more.
7. Advancements in Healthcare
The healthcare industry has been at the forefront of IoT developments throughout the COVID-19 outbreak, utilizing wearable technology and telemedicine to successfully diagnose and treat patients. These connected healthcare gadgets enable clinicians to collect data on and treat many patients without risking infection during in-person consultations. For example, patients with diabetes can use wearable medical equipment to monitor their heart rate and blood pressure and dispense insulin. In addition, IoT technology integrates into wheelchairs, defibrillators, and oxygen pumps in the healthcare industry to supply medical personnel with data that will help them better understand a patient’s condition or function independently to improve a patient’s quality of life.
8. Industrial Internet for Business and Industry
The ‘Industrial Internet’ has become a business focus for many enterprises as digital transformation has become a business priority. The Industrial Internet of Things (IIoT) refers to the connected world of machines, cyber-physical systems, advanced forecasts and perspective analytics, artificial intelligence (AI), cloud, edge computing, industrial workers, etc.
The industrial internet drives unparalleled efficiency, productivity, and performance in manufacturing, aviation, oil and gas, utilities, and others, resulting in operational and financial benefits. In addition, intelligent factories and automated logistics units are becoming more popular. Therefore, even smaller businesses are using IoT potential thanks to the availability of robotics and IoT infrastructure “as-a-service.”
Components of an IoT Ecosystem
IoT ecosystem is an interconnected network of devices collecting, exchanging, and sharing data onto the cloud or a physical database. Industry-grade IoT ecosystems consist of various architectural components like hardware, software, analytical, connectivity, etc. It is not easy to define the genetic architecture of an IoT ecosystem as it varies from business to business. Here we’ll try to generalize the components for an IoT infrastructure based on which an ecosystem is built upon.
1. IoT Devices
IoT devices are the first component of an IoT ecosystem, and it forms the base of the entire IoT network. Data is essential for IoT, and sensors are an important factor in ensuring the credibility and accuracy of data. In addition, it consists of micro, physical appliances embedded in an IoT device, responsible for data collection and controlling mechanisms.
Sensors work to collect small data from the surroundings. They are also known as detectors because their main function is to detect even slight changes in the surroundings. In other words, sensors turn physical phenomena into a digital form.
Actuators work in the opposite direction of sensors. They receive a signal or a command and perform an action based on it. They’re just as important as sensors because once they identify a change in the environment, an actuator needs to act on the trigger.
IoT is a network that involves devices, sensors, the cloud, and actuators. All of these need to interconnect with each other to be able to decode data and consequently perform an action. The network is the second layer in the complex world of the IoT ecosystem.
Once data has been gathered by the sensors, a communication channel between the sensors and the cloud is necessary. IoT standards and protocols are the ones that transfer data in the online world; they involve an invisible language that allows the physical objects to communicate with each other. Moreover, some well-known wireless IoT protocols include Bluetooth, WiFi, DDS, MOTT, cellular, etc.
To reach the cloud, data from the sensors must pass through gateways. The gateways’ job is to interpret network protocols and ‘preprocess’ data before transferring it to the cloud, allowing for seamless communication across all devices in the network. They also provide security by preventing harmful assaults and illegal access to the system.
The security component is responsible for access control to the IoT network, the security of data transfers, data leakage prevention, and scanning for malicious software. In addition, the security component presents firmware and software from security providers, such as Azure Sphere.
A gateway is a physical device that transmits data from sensors to the cloud and the other way around. It also performs data preparation before transferring the data to the cloud. On the other hand, a gateway requires because IoT devices can connect to the internet without an intermediary.
5. IoT Cloud
After the data uploads to the cloud, it must process. The cloud, in essence, is a high-performance facility where vast volumes of data are handled and stored, and critical choices are made in milliseconds. IoT clouds are the brains of the IoT ecosystem, with massive processing capacity, networking options, storage capabilities, IoT service, and analytics components, and the ability to make information quickly available to customers.
6. IoT Analytics and Data Management
The huge volumes of analog data make sense of using IoT analytics. Its primary goal is to transform raw data into actionable insights that may then be examined or interpreted to guide decision-making. Determine the KPIs in an application where you want to identify inconsistencies or problems in real-time, for example. It can be as simple as detecting whether the temperature in a room is within permissible limits or whether a vehicle is ready to crash. Many insights may be derived from the data to forecast trends, plan, and make critical business decisions.
7. User Interface and End-User Devices
This component of the IoT ecosystem is the visible component that the IoT user can access and control. The system can be accessed directly from the device or remotely via cell phones, laptops, and tablets. Users can connect with their “things” in their homes using smart home gadgets like Amazon Alexa and Google Home. As a result, a user interface must be user-friendly and well-designed. The IoT ecosystem is a constantly changing field of study, with the same components but different methods based on the industry, use cases, and budget.
Now comes the interesting topic where we will discuss IoT applications
Applications of IoT
IoT applications run on IoT devices and tailors to practically any sector, including healthcare, industrial automation, smart homes and buildings, automotive, and wearable technology. In addition, AI and machine learning utilize IoT applications to give things intelligence. As a result, it may help businesses simplify, improve, automate, and control processes while supplying essential data, activity performance, and even environmental conditions that must monitor and control remotely. As a result, IoT applications can assist in developing new business models and revenue streams and supply organizations with the real-time data they require to build products and services.
1. Smart Home and Office
Smart home applications utilizing smart sensors are becoming increasingly popular. Any smart device can be structured, connected to the internet, and controlled using simple mobile applications.
For Example, Consider Smart Lighting for Home and Office:
Smart lighting is one of the attractive smart home applications using the IoT. In addition to energy saving, it also permits us to manage effectively. Light ambiance changes using smart hub devices or smartphone apps. Voice commands and motion detectors/proximity sensors can control smart lights. When someone enters or exits the room, these sensors will turn on the light. Moreover, it structures to turn on when the ambient light is below a certain threshold.
2. Wearable Devices
Wearable smart devices were introduced as smartwatches around a decade ago, and many more functions have been added since then. For example, our smartwatches and wearable can now read text messages, show notifications of other apps, track location, monitor workout status, remind schedules, and continuously monitor health conditions. With the IoT, wearable technology can be used beyond these functions. In addition, major smart wearable manufacturers are developing unique operating systems and applications dedicated to smart wearable devices.
The healthcare industry has been utilizing the possibilities of the IoT for life-saving applications. IoT implementation can improve the entire patient care system by collecting vital data from bedside devices, real-time diagnosing processes, and accessing medical records and patient information across multiple departments. IoT will offer convenience for medical practitioners, enhance accuracy in the information, increase overall efficiency, and saves time for each procedure. In addition, doctors can monitor a patient’s status remotely and suggest necessary procedures when required.
4. Smart Farming and Agriculture
There are a lot of challenges in the agriculture and farming industry to produce more crops and vegetables to feed an increasing human population. In addition, IoT can assist farmers and researchers in this area in finding more optimized and cost-effective ways to increase production.
For Example, Smart Irrigation:
Smart irrigation is a method of efficient water use for agriculture using IoT. Smart sensors deploy into the soil, constantly monitoring and sending information about soil conditions to the control station. The control system starts the water flow when the soil begins to dry or reaches a threshold value established by the farmer, and it will stop after a certain amount of time. As a result, water wastage and manual labor can be reduced by implementing automated irrigation systems into agriculture.
5. Industrial IoT for Manufacturing
The manufacturing industry was one of the first to embrace the IoT, which revolutionized numerous stages of the product creation process. The Industrial Internet of Things will aid in the optimization of numerous stages of product manufacture, including inventory management and supply chain monitoring, product development optimization, automate the processes of mass production, product improvement and quality assurance, cost-effective solution for the overall management of factories.
6. Big Data Analytics
One of the fundamental components of big data analytics is the data itself. Nowadays, many organizations consider data the most valuable asset to grow their business strategies. The data source could be from machines, the environment, plants, people, or even animals. The IoT uses hundreds of sensors designed to collect data from various applications. So, using artificial intelligence and machine learning, huge amounts of data from millions of smart sensors will help big data analytics improve its decision-making algorithm.
The Internet of Things (IoT) has a lot to offer the retail industry. For example, data from IoT sensors can drive warehouse automation and robotics based on online and in-store shopping sales figures. Much of this is based on RFIDs, which are widely used worldwide.
Mall locations are risky investments; business fluctuates, and the rise of online shopping has reduced demand for brick-and-mortar stores. On the other hand, IoT can assist in analyzing mall traffic so that mall retailers can make the required adjustments to improve the customer’s shopping experience while lowering overhead.
8. Management of Natural Disasters
IoT with a wide range of smart sensors allows engineers to develop a more effective emergency response system for industries, schools, hospitals, airports, and other public gathering places. Any emergencies like a fire outbreak or flooding will automatically detect using sensors, which share with responsible workgroups in real-time. As a result, disaster management teams can respond effectively within seconds to start recovery operations. With better preparation plans, disaster management teams can work safely and assist each individual in evacuating safely during an emergency.
9. Logistic and Fleet Management
Smart logistics is a challenging task since the goods handling with greater care and efficiency. In addition, service providers have to make sure perfect conditions maintain during transportation, apart from moving from one location to another.
Smart sensors capable of connecting to the IoT network continuously monitor the GPS location, temperature, humidity, pressure, and tilt angle of the container used for transpiration. In a central cloud system, the data collected from various sensors is processed and evaluated. The logistics team can access this information from anywhere using an internet connection. In addition, the fleet’s movement monitors in real-time and updates customers about the progress of the delivery. Any delay during transportation will report to the responsible members of the team.
10. Smart Grids and Energy Management
The smart grid concept enhances existing power grids with sensors deployed on the transmission lines and individual customer outlets. These sensors help notify any failure abnormality in the line and understand the nature of usage and behavior patterns over time. This data utilize to find areas of improvement, lossy nodes during transmission, and peak time usage statistics using smart meters and sensors. Energy companies can use this information to improve existing grids, implement new changes during an upgrade and thus minimize carbon emission.
In conclusion, we live in a digitalized world full of technological advancements. One of these technological advancements in the Internet of Things (IoT). It is one of the most recent industrial booms of our lifetime, igniting the IT industry. For several years, the IoT sector’s income has been gradually increasing. As a result, the forecast for the global IoT market suggests increasing to around 1.6 trillion by 2025. I hope you found reading this blog has been very informative about the Internet of things.
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