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Generative Artificial Intelligence (GenAI) Applied for Internet of Things (IoT): Growth Opportunities
Generative Artificial Intelligence (GenAI) Applied for Internet of Things (IoT): Growth Opportunities
Integration Enables Efficiency and Problem-solving in Existing Processes and Revenue Generation from Emerging Opportunities
05-Feb-2024
Global
Description
GenAI refers to algorithms and machine learning models used to create content, including text, audio, images, video, and code.
To be a component of the IoT, Frost & Sullivan considers any product, application, or service must be part of a larger solution that comprises these 4 elements:
• Objects virtualized and imbued with data measurement capabilities
• The ability to grant identities to physical and virtual objects
• Interconnections between these objects for monitoring and interaction
• The ability to generate real-time insights from data and incorporate them into existing business processes
With increasing connected devices comes exponential growth in data volume, which requires novel means of analysis to achieve goals. GenAI technologies are becoming indispensable in unlocking the complete potential of IoT. Augmenting IoT with rapidly advancing GenAI technologies is crucial to delivering GenAIoT-enabled industry solutions.
GenAI and the IoT are revolutionizing the way we interact with the world around us. GenAI can train and run models directly on edge devices,
the endpoints of the IoT network. This edge AI approach not only enhances computational efficiency and data security but also unlocks new possibilities for intelligent devices and sensors that continuously generate diverse data streams.
Frost & Sullivan covers the following in the report:
• Growth drivers and restraints
• GenAI market revenue and statistics
• Top GenAI-IoT applications
• The telecommunications industry’s role in the ecosystem
• Profiles of top tech companies in the space
• Growth opportunities for market participants
Table of Contents
Why is it Increasingly Difficult to Grow?
The Strategic Imperative 8™
The Impact of the Top 3 Strategic Imperatives on GenAI in the IoT Platforms Industry
Growth Opportunities Fuel the Growth Pipeline Engine™
Overview of GenAI
Overview of GenAI (continued)
IoT
Overview of IoT Platforms
IoT Platforms and Software—Market Definitions–Global, 2023
Scope of Analysis
Segmentation
Revenue Forecast
Revenue Share by Segment
GenAI in Business—Deployment and Plans
Implementation Challenges of GenAI Initiatives in Business
GenAI-IoT Convergence
GenAI-IoT Convergence (continued)
GenAI-IoT Convergence (continued)
GenAI-IoT Convergence (continued)
GenAI in IoT Platforms
GenAI-IoT Application—IoT Interfaces
GenAI-IoT Application—Code Generation for IoT
GenAI-IoT Application—Robot Control
The Future of the GenAI-IoT Convergence
The Future of the GenAI-IoT Convergence (continued)
Unique Position Enables TSPs to Monetize AIoT Opportunities
AI-IoT Convergence—TSPs’ Evolving Role
Growth Drivers
Growth Restraints
Soracom
Soracom (continued)
IBM
IBM (continued)
AWS
Microsoft Azure
NVIDIA
Growth Opportunity 1: GenAI for Enhanced IoT Security
Growth Opportunity 1: GenAI for Enhanced IoT Security (continued)
Growth Opportunity 2: Enhanced Device Intelligence through GenAI
Growth Opportunity 2: Enhanced Device Intelligence through GenAI (continued)
Growth Opportunity 3: AI-powered Smart Home and Building Solutions
Growth Opportunity 3: AI-powered Smart Home and Building Solutions (continued)
Growth Opportunity 4: IoT-connected Vehicles Powered by GenAI
Growth Opportunity 4: IoT-connected Vehicles Powered by GenAI (continued)
Growth Opportunity 5: IoT-connected Healthcare Powered by GenAI
Growth Opportunity 5: IoT-connected Healthcare Powered by GenAI (continued)
Growth Opportunity 6: Multimodal Foundational Models for IoT
Growth Opportunity 6: Multimodal Foundational Models for IoT (continued)
Growth Opportunity 7: GenAI for Advanced Telecom Networks
Growth Opportunity 7: GenAI for Advanced Telecom Networks (continued)
List of Exhibits
Legal Disclaimer
Popular Topics
| Author | Constanza Ingaramo |
|---|---|
| Industries | Information Technology |
| No Index | No |
| Is Prebook | No |
| Podcast | No |
| WIP Number | K9B8-01-00-00-00 |