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The Internet of Things (IoT) was once heralded as a revolutionary technology, promising to enhance daily life through smarter cities and industries. However, the focus has shifted towards Artificial Intelligence (AI), which now dominates discussions and investments due to its immediate impact and vast applications. While IoT continues to play a crucial role, it has become a supporting player in the tech ecosystem, providing essential data for AI to process and utilize.
The integration of IoT and AI is leading to the emergence of the Artificial Intelligence of Things (AIoT), a market projected to exceed $250 billion by 2030. Despite the potential, India's journey towards IoT-driven urban development has faced challenges, with many cities yet to realize the promised benefits. The future lies in harmonizing these technologies to enhance governance and public services, ensuring that they are used responsibly and effectively.
• AI has eclipsed IoT in industry focus and investment.
• AIoT market expected to grow over $250 billion by 2030.
AIoT combines IoT data collection with AI processing to create actionable insights.
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Digital India aims to modernize infrastructure, including the integration of IoT technologies.
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