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Artificial Intelligence of Things (AIoT) Market: Edge Solutions and Embedded AI Set to Surpass USD 495.09 Billion by 2031 | SkyQuest Technology

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WESTFORD, Mass., July 10, 2024 /PRNewswire/ — According to SkyQuest, the global Artificial Intelligence of Things (AIoT) Market size was valued at USD 65.50 billion in 2022 and is poised to grow from USD 82.01 billion in 2023 to USD 495.09 billion by 2031, growing at a CAGR of 25.2% during the forecast period (2024-2031).

The increasing need for IoT with embedded AI technologies to enhance an organization’s dynamic course and acceptance of edge investigation arrangements is predicted to fuel market growth. AIoT features including information analysis, continuous navigation, large-scale data analysis, and intelligent model management are also expected to boost the market. It is projected that throughout the fictitious time frame, growing industry usage of devices connected with AI technology will open revenue prospects for arrangement suppliers. The potential growth of the market may be restricted when companies lack skilled staff members that will help in making the modern cycle more efficient and developing Artificial Intelligence of Things (AIoT) applications in it.
Download a detailed overview:https://www.skyquestt.com/sample-request/artificial-intelligence-of-things-market
Artificial Intelligence of Things (AIoT) Market Overview:
Report Coverage
Details
Market Revenue in 2023
$82.01 Billion
Estimated Value by 2031
$495.09 Billion
Growth Rate
Poised to grow at a CAGR of 25.2%
Forecast Period
2024–2031
Forecast Units
Value (USD Billion)
Report Coverage
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
Segments Covered
Technology, Offering, Application, and Industrial Vertical
Geographies Covered
North America, Europe, Asia Pacific, Middle East & Africa, Latin America
Report Highlights
Industrial automation & robotics in AIoT to boost up the service need and requirement
Key Market Opportunities
Convergence of AIoT with other emerging technologies
Key Market Drivers
AIoT enhancing operational efficiencies in healthcare sector
Segments covered in Artificial Intelligence Of Things (AIoT)  Market are as follows:
OfferingHardware, software, servicesTechnologyMachine learning, natural language processing (NLP), generative ai, robotics, computer vision, autonomous, sensor technologyApplicationReal-time machinery condition monitoring, supply chain management, predictive maintenance, inventory management, energy consumption management, othersIndustry VerticalBFSI, manufacturing, healthcare, automotive, retail, transportation & logistics, othersRequest Free Customization of this report:https://www.skyquestt.com/speak-with-analyst/artificial-intelligence-of-things-market
Integrated AIoT Solutions for Real-Time Insights and Intelligent Decision-Making
The global AIoT market offers integrated solutions that combine AI technologies with IoT devices. Real-time data processing, AI-driven analytics and intelligent decision-making models designed for various industry applications are part of it. It is important to have them mainly due to increase efficiency, enabling predictive maintenance, as well as fostering creativity in several sectors that together facilitate growth in market share and a competitive edge.
In several industries, Software components are important in increasing the operational efficiency and permitting the use of innovative business plans. Services provided includes Real-time analytics, predictive insights as well as autonomous decision making. Software has a significant function in ensuring enhanced data processing, operational agility and actionable insights by ensuring that AI capabilities integrate well with IoT devices.
The services allow smooth integration of AI with IoT infrastructure so that it can be tailored to meet industry-specific requirements. With their knowledgeable guidance and ongoing support, they assist organizations in the optimization of AIoT implementations, operational efficiency improvement and stimulation of innovation. They play an important role in providing expert knowledge required in running AIoT based solutions, handling operationalization and integration problems.
View report summary and Table of Contents (TOC):https://www.skyquestt.com/report/artificial-intelligence-of-things-market
AIoT’s Impact on Operational Efficiency and Predictive Maintenance in Manufacturing and Beyond
The market’s included sectors, which include manufacturing, healthcare, automotive, and agriculture, use AIoT to boost customer experiences through data-driven insights, predict maintenance, and increase operational efficiency. Adoption of AIoT technology creates use cases that support the viability and efficacy of AI-integrated IoT solutions across a range of industries, as well as drives technological improvements and market growth.
By combining AI with IoT devices for quality control, predictive maintenance, and real-time monitoring, AIoT improves operational efficiency in manufacturing. As one of the key industries embracing AIoT, manufacturing propels developments in supply chain management, industrial automation, and product quality control. Its use of AIoT technology raises productivity, speeds up digital transformation, and establishes standards for sustainability and efficiency across international businesses.
AIoT shows great promise to change healthcare delivery and improve patient experiences internationally. It increases hospital operating efficiencies, improves patient outcomes, and lowers healthcare expenditures. AI’s critical role in raising healthcare standards globally is highlighted by its integration with IoT devices in the healthcare industry, which not only increases efficiency but also stimulates innovation in precision medicine and medical research.
Elevating Industry Horizons by AIoT’s Strategic Impact on Operational Efficiency and Innovation
The convergence of AI and IoT, or AIoT, is a game-changer in several industries, including manufacturing, healthcare, agriculture, and the automotive sector. Through intelligent decision-making, predictive maintenance, and real-time data processing, this synergy improves operational efficiencies. By streamlining procedures and enhancing consumer experiences, AIoT not only spurs innovation and market expansion but also establishes new standards for productivity and sustainability across international industries. The ability of AIoT to transform healthcare services, optimise manufacturing processes, and invent agricultural techniques highlights its critical role in influencing the global future of interconnected technologies, even in the face of obstacles like a lack of skilled labour.
Related Report:
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About Us:
SkyQuest is an IP focused Research and Investment Bank and Accelerator of Technology and assets. We provide access to technologies, markets and finance across sectors viz. Life Sciences, CleanTech, AgriTech, NanoTech and Information & Communication Technology.
We work closely with innovators, inventors, innovation seekers, entrepreneurs, companies and investors alike in leveraging external sources of R&D. Moreover, we help them in optimizing the economic potential of their intellectual assets. Our experiences with innovation management and commercialization has expanded our reach across North America, Europe, ASEAN and Asia Pacific.
Contact:Mr. Jagraj SinghSkyQuest Technology1 Apache Way,Westford,Massachusetts 01886USA (+1) 351-333-4748Email: [email protected] Our Website: https://www.skyquestt.com/
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Artificial Intelligence

NewPhotonics Introduces NPG102 Transmitter-on-Chip for DSP-based Optical Modules Serving 1.6 Tbps AI-era Data Center Interconnect

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Optical head transmitter with integrated lasers enables all-optics transceiver innovation in network and compute infrastructure
TEL AVIV, Israel, Sept. 19, 2024 /PRNewswire/ — NewPhotonics Ltd., a leader in advanced integrated photonics technologies, today introduced its NPG102 PIC transmitter on chip (TOC) at1.6Tbps for DSP-based optical transceiver modules.  The NPG102 TOC delivers low latency data communications at low power consumption and reduced channel loss to meet the increasing AI-cluster processing demands on data center infrastructure.

The optimized flip-chip integrates octal channel, auto-tunable lasers and 224Gbps PAM4 modulation featuring aggregated bandwidth at 1.6Tbps with electrical to optical transmission. Internal ADC/DAC supports channel control and monitoring in a package with on-chip temperature monitoring at low 2.9W power consumption.
Integrated Lasers Improve Module Time to Market
Designed for pluggable OSFP modules, the monolithically integrated lasers and modulators improve system integration with wafer-level laser alignment and integrated direct modulation. This additional advantage of all-optics innovation in the transceiver chip design results in accelerated OEM manufacturing yield maturity and time to market for transceiver module delivery.
“As data centers worldwide strive to accelerate infrastructure improvements that enhance AI workload performance, the entire value chain is seeking progressive solutions that deliver faster and more energy efficient data processing.” said Doron Tal, senior vice president and general manager of Optical Connectivity. “Our all-optics innovation roadmap for the NPG102 for 1.6Tbps DSP-based modules puts data centers on a path in this decade to deliver higher capacity, low power optical connectivity.”
The NewPhotonics NPG102 PIC transmitter-on-chip for DSP-based transceiver module sampling will be available in Q2 2025.
About NewPhotonics
NewPhotonics is a fabless semiconductor designs, develops and manufactures photonic integrated circuit (PIC) solutions for AI-era data center optical communications. Our integrated NPG102 PIC transmitter on chip family delivers low latency, reduced power in optical transceiver modules for all-optics connectivity. The company’s silicon photonics innovations breakthrough speed, energy and distance barriers in optical I/O in a new all-optics paradigm. NewPhotonics, based in Tel Aviv, Israel, is privately held and funded. For more information visit www.newphotonics.com 
Press Contact:
Corporate [email protected]+972 3 614-3147
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Artificial Intelligence

Royal Meteorological Society’s Public Vote opens for 2024 ‘Standard Chartered Weather Photographer of the Year’ Award

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LONDON, Sept. 19, 2024 /PRNewswire/ — The public vote for the Standard Chartered Weather Photographer of the Year 2024 is now open. From 19 September to 17 October, individuals can vote for their favourite image from a shortlist showcasing the world’s most striking weather and climate photography.

Now in its ninth year, the competition, organised by the UK’s Royal Meteorological Society, serves as an international platform to raise awareness of the environmental issues putting our planet at risk—including heatwaves, cyclones, and extreme flooding—while also depicting the awe-inspiring beauty and power of the weather.
With the introduction of the Standard Chartered Climate Award in 2024, the competition attracted thousands of entries from photographers of all ages and skill levels worldwide. Many participants were eager to document the human impacts of extreme weather events such as floods, droughts, and wildfires.
The shortlist gallery for the public vote is available on the Royal Meteorological Society’s website, featuring 25 outstanding weather and climate photographs.
Highlights include a Saharan dust storm; an ice halo, rare red sprite lightning; and sublime landscapes blanketed in hoarfrost. The shortlist gallery also provides insights into the science behind the weather phenomena and the stories behind the images—as well as the photographers’ adventures and the techniques used to capture them.
View the shortlist and vote for your favourite.
Competition Timeline
Public Vote Open: 19 September (07:00 BST) – 17 October (23:59 BST)
Winners’ Announcement: 30 October 2024
Professor Liz Bentley, Chief Executive of the Royal Meteorological Society, commented:
“In my nine years judging this competition, I always see something new and astonishing. This year’s entrants have highlighted those regions of the world facing the worst impacts of climate change, but they also bring home the message that climate change is affecting the weather patterns of the more temperate climates and the most comfortable of societies too. We need to galvanise and act now to make change happen.”
Marisa Drew, Chief Sustainability Officer at Standard Chartered, commented: 
“In the second year of our sponsorship, I am once again struck by the photography surfaced in the shortlist, which showcases the impacts of our changing climate on communities and our natural environment. With winners announced next month, I look forward to seeing which photograph wins our new Climate Award, introduced this year to bring greater awareness to the importance of climate mitigation and adaptation. Good luck to everyone on the shortlist.”
Read Notes to Editors
Download high-res or low-res images, captions and image copyright attribution here.
 
 

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Artificial Intelligence

XRP Healthcare Magazine Unveils Groundbreaking AI Development in 4th Issue, Featuring Elon Musk

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DUBAI, UAE, Sept. 19, 2024 /PRNewswire/ — The highly anticipated fourth edition of XRP Healthcare Magazine has arrived, featuring an exciting and innovative update on XRP Healthcare’s rapid progress in artificial intelligence (AI). Despite being less than two years old, the company continues to make incredible strides in healthcare innovation. This issue highlights the launch of the XRPH AI chatbot—a multi-lingual digital assistant designed to deliver personalized health advice that spans traditional, holistic, and conventional treatments. Available at www.xrph.ai, the chatbot offers country and region-specific insights, tailored to users’ unique medical needs.

 
 
The XRPH AI chatbot stands out for its ability to generate custom personal training programs based on users’ weight, height, ethnicity, injuries, and diet preferences. It also provides advice on meditation techniques, nutrition, and cutting-edge treatments for terminal illnesses, such as cancer. XRP Healthcare has a dedicated AI development team continuously working to evolve the chatbot, with more innovations planned for release later this quarter.
Chairman Whitney Lynn commented, “The XRPH AI chatbot is a significant breakthrough in personalized healthcare. We’re blending modern AI technology with holistic medical wisdom to create an intuitive tool that is accessible to users around the globe.”
As part of the magazine’s main feature, it also explores Elon Musk’s game-changing investments in AI, which are revolutionizing healthcare through projects like Neuralink. Musk’s advancements are pushing the boundaries of medical diagnostics and treatment, fostering healthy competition in the AI sector and driving the next golden age of innovation.
CEO Kain Roomes added, “The incredible progress we’ve made since inception is a testament to our vision and dedication. Our AI chatbot is just the beginning, and with our dedicated team, we are constantly looking for new ways to improve healthcare experiences.”
Keith Errey, CTO of XRP Healthcare and founder of Isansys Lifecare, also plays a key role in the company’s AI-driven approach. His previous work at Isansys Lifecare involved a groundbreaking partnership with The Birmingham Women’s and Children’s NHS Foundation Trust, where they deployed the Patient Status Engine—a state-of-the-art monitoring platform that detects early signs of patient deterioration, enabling faster and more effective care. Speaking at the Thames Valley Chamber of Commerce International Technology Conference earlier this year, Keith emphasized the pivotal role of AI in healthcare: “The big win in AI will be organizational efficiency. That for the NHS has to be the way forward.” His expertise continues to shape XRP Healthcare’s AI innovations.
The fourth issue of XRP Healthcare Magazine also features Chantelle Gosling-Udonwa, founder of a revolutionary, eco-friendly children’s toy company, and Sam Desalu, founder of the Cornerstone Foundation, which is rekindling hope in Africa through grassroots healthcare initiatives. Additionally, the magazine celebrates the Top 10 female CEOs in Africa and explores Donald Trump’s political future and its potential impact on healthcare and cryptocurrency.
Free physical copies of the magazine can be ordered from www.xrphealthcare.ai (postage costs apply) or downloaded from ISSUU here. With XRP Healthcare’s rapid progress and exciting updates expected later this quarter, this issue is a must-read for anyone interested in the future of AI and healthcare.
About XRP Healthcare:XRP Healthcare is revolutionizing global healthcare with blockchain & AI. As the first Pharma and Healthcare platform built on the XRP Ledger, our Prescription Savings Card in the USA enhances accessibility and affordability. Meanwhile, our mergers and acquisitions in Africa are broadening healthcare access across the continent.
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