Tue. Sep 21st, 2021
AI-and-IoT-combined
  • AI and IoT combined- The Internet of Things is powered by 3 emerging technologies – Artificial Intelligence, 5G and Big Data.
  • When combined, Artificial Intelligence and the Internet of Things (AIoT) hold the promise of a more connected future.
  • The AIoT fusion is increasingly becoming more mainstream, as it continues to transform the fundamental ways in which we live our lives and process data.
an infographic showing how the Internet of Things is transforming how we interact with devices at home, at work and throughout our cities
The continuing evolution of technology.
Image: Visual Capitalist

AIoT: When AI meets the Internet of Things

The Internet of Things (IoT) is a technology helping us to reimagine daily life, but artificial intelligence (AI) is the real driving force behind the IoT’s full potential.

From its most basic applications of tracking our fitness levels, to its wide-reaching potential across industries and urban planning, the growing partnership between AI and the IoT means that a smarter future could occur sooner than we think.

This infographic by TSMC highlights the breakthrough technologies and trends making that shift possible, and how we’re continuing to push the boundaries.

AI + IoT = superpowers of innovation

IoT devices use the internet to communicate, collect, and exchange information about our online activities. Every day, they generate 1 billion GB of data.

By 2025, there’s projected to be 42 billion IoT-connected devices globally. It’s only natural that as these device numbers grow, the swaths of data will too. That’s where AI steps in—lending its learning capabilities to the connectivity of the IoT.

The IoT is empowered by three key emerging technologies:

  • Artificial Intelligence (AI)
    Programmable functions and systems that enable devices to learn, reason, and process information like humans.
  • 5G Networks
    Fifth generation mobile networks with high-speed, near-zero lag for real time data processing.
  • Big Data
    Enormous volumes of data processed from numerous internet-connected sources.

Together, these interconnected devices are transforming the way we interact with our devices at home and at work, creating the AIoT (“Artificial Intelligence of Things”) in the process.

The major AIoT segments

So where are AI and the IoT headed together?

There are four major segments in which the AIoT is making an impact: wearables, smart home, smart city, and smart industry:

1. Wearables

Wearable devices such as smartwatches continuously monitor and track user preferences and habits. Not only has this led to impactful applications in the healthtech sector, it also works well for sports and fitness. According to leading tech research firm Gartner, the global wearable device market is estimated to see more than $87 billion in revenue by 2023.

2. Smart Home

Houses that respond to your every request are no longer restricted to science fiction. Smart homes are able to leverage appliances, lighting, electronic devices and more, learning a homeowner’s habits and developing automated “support.”

This seamless access also brings about additional perks of improved energy efficiency. As a result, the smart home market could see a compound annual growth rate (CAGR) of 25% between 2020-2025, to reach $246 billion.

Read more at WeForum

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