PUBLISHER: Frost & Sullivan | PRODUCT CODE: 1450326
PUBLISHER: Frost & Sullivan | PRODUCT CODE: 1450326
Integration Enables Efficiency and Problem-solving in Existing Processes and Revenue Generation from Emerging Opportunities
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:
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: