Global Artificial Intelligence of Things Solutions Market Report 2022: AIoT Solutions Improve Operational Effectiveness and the Value of Machine Data by up to 27% by 2027 – Yahoo Finance

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Dublin, Aug. 05, 2022 (GLOBE NEWSWIRE) — The “Artificial Intelligence of Things Solutions by AIoT Market Applications and Services in and Industry Verticals 2022 – 2027” report has been added to ResearchAndMarkets.com’s offering.

This AIoT market report provides an analysis of technologies, leading companies and solutions. The report also provides quantitative analysis including market sizing and forecasts for AIoT infrastructure, services, and specific solutions for the period 2022 through 2027. The report also provides an assessment of the impact of 5G upon AIoT (and vice versa) as well as blockchain and specific solutions such as Data as a Service, Decisions as a Service, and the market for AIoT in smart cities.

While it is no secret that AI is rapidly becoming integrated into many aspects of ICT, many do not understand the full extent of how it will transform communications, applications, content, and commerce. For example, the use of AI for decision-making in IoT and data analytics will be crucial for efficient and effective smart city solutions in terms of decision-making.

The convergence of AI and Internet of Things (IoT) technologies and solutions (AIoT) is leading to “thinking” networks and systems that are becoming increasingly more capable of solving a wide range of problems across a diverse number of industry verticals. AI adds value to IoT through machine learning and improved decision-making. IoT adds value to AI through connectivity, signaling, and data exchange.

AIoT is just beginning to become part of the ICT lexicon as the possibilities for the former adding value to the latter are only limited by the imagination. With AIoT, AI is embedded into infrastructure components, such as programs, chipsets and edge computing, all interconnected with IoT networks.APIs are then used to extend interoperability between components at the device level, software level and platform level. These units will focus primarily on optimizing system and network operations as well as extracting value from data.

While early AIoT solutions are rather monolithic, it is anticipated that AIoT integration within businesses and industries will ultimately lead to more sophisticated and valuable inter-business and cross-industry solutions. These solutions will focus primarily upon optimizing system and network operations as well as extracting value from industry data through dramatically improved analytics and decision-making processes.

Industry adoption for AIoT is gaining momentum. By way of example, Advantech partnered with Momenta Ventures to launch the AIoT Ecosystem Fund, a venture capital fund with a target of $50 million USD and a focus on the digital industry. KC Liu, CEO of Advantech, stated: “Advantech is committed to enabling an intelligent planet. This starts at the industrial edge with early innovators in energy, manufacturing, smart spaces and supply chain management.”

The company launched Advantech Industrial Wireless solutions with Qualcomm, NXP, DEKRA, and E Ink. “We provide AIW industrial grade wireless modules and wireless design-in services to embedded customers. This one-stop shopping service helps customers acquire leading wireless enabled AIoT products and reduce their time to market,” said Andy Lin, Advantech Senior ProductManager.

Many industry verticals will be transformed through AI integration with enterprise, industrial, and consumer product and service systems. It is destined to become an integral component of business operations including supply chains, sales and marketing processes, product and service delivery, and support models.

We see AIoT evolving to become more commonplace as a standard feature from big analytics companies in terms of digital transformation for …….

Source: https://finance.yahoo.com/news/global-artificial-intelligence-things-solutions-113300396.html

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