AIOT platforms are on the rise, but what are they?

What is Artificial Intelligence of Things?

The convergence of Artificial Intelligence (AI) and the Internet of Things (IoT), known as Artificial Intelligence of Things (AIoT), is expected to accelerate digital transformation.

In this graphic, the third and final one Digital evolution A series sponsored by Global X ETFs, we delve into the world of AIoT platforms and their impact on few industries.

AIoT platform

AIoT platforms integrate AI programming into IoT devices such as sensors, smart TVs, security cameras or thermostats. When deployed at scale, AIOT could be able to do everything from managing city traffic to improving remote patient care in hospitals.

AI algorithms enable devices to collect and analyze large amounts of data, extract valuable insights and make intelligent decisions. It enhances the efficiency and functionality of existing IoT devices.

Real world applications

Here are some examples of the numerous applications of AIoT in today’s world:

Smart homes: AIoT brings intelligence to your living space by enabling seamless automation, enhanced energy efficiency and improved security. These include smart thermostats that automatically adapt to their environment or security cameras that look for unwanted intruders instead of cars, animals or scheduled guests.

Edge Computing: AIoT can enable a computer to shunt a portion of its processing needs to another computer on the same network. It reduces delays, increases security and enables faster decision making.

Health Care: By integrating AI with medical devices, wearables and healthcare systems, practitioners can gain deeper insights into patient health, improve diagnostic accuracy and deliver personalized treatments.

Smart Cities: The capstone of AIoT applications, smart city technology enables municipalities to streamline resource use, traffic management, and enhance public safety. An example is in Zurich, where sensors automate street lights to complement traffic flow, resulting in a 70% reduction in energy consumption.

Embracing a connected world

AIoT platforms are projected to grow at a staggering compound annual growth rate (CAGR) of 37.7% between 2022 and 2027. This growth will push the market from just over $3.7 billion in 2022. $24.9 billion By 2027.

The continued growth of artificial intelligence promises to evolve many industries, optimizing resource utilization and enhancing decision-making. But the technology becomes truly transformative when it is applied to Internet of Things devices that enable anything from automation of municipal infrastructure to easy monitoring of patients in hospitals.

There’s never been a better time to start your AI investment journey and learn more about the limitless possibilities of a connected future with the Global X Internet of Things ETF.

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