Trends

IoT Community announces the launch of GenAIoT with enterprise in mind

AuthorBTW Editorial

Reading Time2 min

PublishedMarch 28, 2024

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Headline

Context

The Internet of Things (IoT) Community comprising 49,000 IoT practitioner members, announces the launch of GenAIoT, relating to the intersection of generative AI and the Artificial Internet of Things (AIoT). The new website, GenAIoT, aims to provide a platform for stakeholders in the field to collaborate, communicate, and share resources. This will be achieved by defining, then promoting, and developing best practices, standards, and guidelines for GenAIoT.

Evidence

Pending intelligence enrichment.

Analysis

Also read: IIJ’s SoftSIM integrates with Nordic to simplify IoT deployment The IoT Community recently attended the MWC 2024 event in Barcelona, where executives met with existing members and other senior officials to identify opportunities in this new domain. The IoT Community came up with an overall market opportunity of US$4.5 trillion. This is done by combining GenAI ($1.3 trillion to $1.5 trillion), IoT ($1.4 trillion for traditional IoT and $600 billion for AI IoT), and applying GenAIoT vertically to manufacturing, supply chain, customer service, and other industries ($1.2 trillion). The primary goal is to facilitate the development and implementation of practical solutions to real-world problems using GenAIoT technology.

Key Points

Generative Artificial Intelligence (Gen AI), with the Artificial Internet of Things (AIoT) to operationalise Industrial and Enterprise Internet of Things (IoT).
The IoT Community believes that the integration of GenAI and AIoT can facilitate the collection of vast amounts of data through IoT devices.