Growth of IoT and AI in the Environment sector
The growth of IoT and AI in the Environment sector is expected to be significant in the next five years. The implementation of connected devices in the environment sector can help save energy, money, and resources. For instance, connected devices can track the temperature of products in transit, allowing them to be stored at the proper temperature. Other benefits of IoT and AI technology in the environment industry include the monitoring of air quality, humidity, and temperature, and optimizing pickup schedules.
Agricultural technology is a large industry that generates a lot of useful data. By implementing IoT and AI, this data is turned into insights. These insights can help with allied pharmacy services, HR management, and predictive analytics. AI-enabled sensors are now helping farmers monitor their crops. In addition, these devices are advancing the fields of agriculture by predicting weather conditions. Artificial intelligence is now being used to develop tools and services for these businesses.
IoT and AI technologies are already being deployed in manufacturing. Industrial IoT solutions are already being implemented in manufacturing and other industries. Many of these applications have significant value creation potential, including predictive maintenance, operation optimization, and remote monitoring and adjustment of machineries. As more IoT-enabled products are developed, more investments will flood the market. Advantech is a leading industrial IoT solutions provider, and it recently partnered with Momenta Ventures to establish the AI and IoT Ecosystem Fund, focusing on North America and Europe-based companies.