In this Decade Technology will take a huge leap with emerging IoT and Artificial Intelligence.
The world is becoming Small with IoT. In the upcoming 10 years, every electronics Gadget will be connected to each other, With 5G and 6G technology. Here is Some Aspect how AI and IoT together will Make World Different from today.
The Internet of Things is supported by 3 new technologies, 5G and Big Data, and Artificial Intelligence.
Artificial intelligence and the Internet of Things (AIoT) are combined to deliver a more linked future.
The AIoT fusion is becoming increasingly common as the key way we live and process knowledge continues to shift.
AIoT: When the Internet of Things meets AI
The Internet of Things (IoT) is a technology that allows us to recreate everyday life, but artificial intelligence (AI) is the true catalyst of the full potential of IoT.
The ever-greater relationship between IO and AI means that the smarter future will come faster than we believe from its most simple applications for monitoring our fitness levels to its broader potential through industries and urban planning.
This infographic by TSMC highlights the technological breakthroughs and the trends the make that change possible.
AI + IoT = innovation powerhouse
IoT devices use the Internet to connect, capture and share online information. They produce 1 billion GB of data every day.
By 2025, 42 billion IoT-related devices are expected worldwide. It is only normal that the swaths of data are also increasing as these device numbers increase. That is where AI takes action — supplying the connectivity of IoT with its learning capabilities.
Three key new technologies empower the IoT:
Programmable systems and functions that allow instruments such as human beings to learn, reason, and process information.
Mobile high-speed, close to zero delays in real-time data transmission networks of fifth generation.
Huge volumes of data processed from a variety of internet sources.
Together these connected devices change the way we communicate at home and work with our devices and create the AIoT (“Artificial Intelligence of Things”) in the process.
The key segments of AIoT
So where is AI leading along with the IoT?
The AIoT has a bearing on four main segments: wearables, intelligent homes, clever cities, and the intelligent industry:
Wearable devices like smartwatches detect consumer interests and behaviours and continue to track them. This has not only contributed to successful applications in the health technology industry, it also works well for sports and fitness. The global wearable device markets are expected to produce revenue of more than 87 billion dollars by 2023, according to leading technology research firm Gartner.
2. Smart Home-
Households that respond to each application are not limited to science fiction any longer. Intelligent homes can exploit equipment, lighting, electronic equipment, and more, learn the habits of their owners and establish automatic "service."
In addition, this streamlined access offers additional energy-saving benefits. As result, between 2020 and 2025, the intelligent home market could see a 25 percent annual composite growth rate (CAGR) of $246 billion.
3. Smart City-
When people flock more and more from rural to urban areas, towns become safer and more comfortable places for living. Innovations in smart cities continue to keep pace, investing to improve public safety, transport and energy efficiency.
There are already practical uses of AI in traffic control. A smart transport management system (ITMS) in New Delhi, home to some of the world's busiest highways, is in use to make 'transport flow real-time complex decisions.'
4. Smart Industry-
Last but not least, manufacturing and mining industries are counting on digital transformation to become more productive and reduce human mistakes.
Intelligent devices avoid costly mistakes in industry, from real-time data processing to supply chain sensors. Currently, Gartner forecasts that more than 80% of IoT projects by 2022 are to have AI.
AI & IoT's unspent potential
AIoT progress is accelerating, promising a closer future for us.
image source-Visual Capitalist
As AIoT merging continues to push the limits of data processing and smart training for years to come, it becomes increasingly mainstream.
Just like any company that blissfully ignored the Internet at the turn of the century, the ones that dismiss the Internet of Things risk getting left behind.
—Jared Newman, Technology Analyst
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To help their work, Newsmusk allows writers to use primary sources. White papers, government data, initial reporting, and interviews with industry experts are only a few examples. Where relevant, we also cite original research from other respected publishers.
This report is part of the Summit on Global Technology Governance
Source- World Economic Forum