How is the Internet of Things changing online gambling?
One of the most notable emerging technological trends of the last few years has been the rise of the so-called “internet of things” (IoT). Presented as one of the final stages in the rise of online technology, the IoT is considered as the final push towards the full integration of online technology in our daily lives. But what exactly is the IoT, and how will it change familiar everyday experiences. Is it all hype, or is the “internet of things” a trend we shouldn’t avoid?
Suppose the internet of things does have the potential to radically transform our lives in the digital age. Does this also apply to business sectors such as the gambling industry, which has been experiencing its own technological revolution in recent yearsby creating sophisticated sites like the best NJ online casino? Will the IoT be embraced by that industry?
Although it sounds like it captures something much more abstract, the IoT is an emerging trend that focuses on integrating technology in our daily lives. This could include, for example, the use of sensors, monitors, or cameras.
In terms of why the internet of things matters, it isn’t just a case of the devices we use daily becoming more advanced. Instead, it is considered as capturing how technological assets, specifically internet technology, is integrated into our daily lives.
This tremendous technological shift is being enabled by the steadily decreasing production costs of internet-enabled devices, as well as the emergence of smaller and lower-powered devices. As such, we see an increase in the use of security units, utility meters, biometric monitors, and other similar technologies transmitting data as part of their daily usage.
Much like the rise of the tech industry itself, the online gambling industry previously mentioned has experienced meteoric growth in the digital age. In the past decade alone, the online gambling market has more than tripled in size, with industry predictions estimating it could hit a total worldwide value of $100bn! There are now hundreds, if not thousands, of online casinos providing various gambling and betting services to customers worldwide.
With that said, it is clear that the gambling industry has fully embraced the digital revolution. But how much growth is there left in it, and how will the internet of things change it?
The internet of things will change the online gambling industry by not online decreasing the distance between the player and the platform they are using. This is true of both online and physical casinos, with the physical casino having numerous opportunities for player and platform integration. The gap between players and platforms could be bridged by leveraging the power of mobile devices such as smartphones and tablets. This includes cameras, accelerometers, touch sensors, pressure sensors, and even biometric sensors. These highly advanced technologies can provide players with a fully immersive playing experience that fully bridges the distance between online and offline playing. As with all things digital, the possibilities are truly endless!