The AIoT Revolution: How AI and IoT Are Transforming Our World - KDnuggets

The rapid growth of the Internet of Things (IoT) has been fuelled by the falling cost of sensors, the proliferation of connected devices, and the advancement of artificial intelligence (AI). The IoT is the network of physical objects (vehicles, devices, buildings, etc.) embedded with sensors, software, electronics, and network connectivity that allows these objects to collect and exchange data. According to a recent report from McKinsey, the IoT could have a total economic impact of up to $12.6 trillion per year by 2030. While the IoT is still in its infancy, the AIoT represents the next wave of the IoT, where AI is used to turn data into insights and actions. The AIoT has the potential to transform industries and society, and it is already starting to have an impact.