The video foresees that by the end of 2024, there will be about 207 billion devices connected to the Internet of Things (IoT), including everyday items and industrial machinery, many of which will use artificial intelligence (AI). Key trends include:
- IoT security will be vital as more devices connect, with AI-empowered cyber-attacks expected to rise.
- AI will enhance IoT devices, allowing smarter, more efficient communication between gadgets.
- Advanced AI in wearable technology could replace traditional AI assistants like Siri and Alexa.
- In healthcare, IoT is improving patient monitoring and transforming data into intuitive reports. This sector’s market may reach $150 billion in the current year.
- The retail sector is utilizing IoT for innovative inventory systems, customer tracking, and automated checkouts. Spending in this space could increase from $28 billion to $177 billion by 2031.
- IoT technology is promoting sustainability by optimizing energy use, delivery routes, waste, and recycling systems.
- Vehicles will use IoT to communicate with each other for improved route efficiency, reduced emissions, and enhanced safety.
- Digital twins, or virtual models of real-world items, will aid in city planning and infrastructure design.
- Lastly, 2024 might see significant progression in brain-computer interfaces, wearable devices that read brain signals.
