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One of the primary drivers for the phenomenal growth in dynamic real-time data analytics today and in the coming decade is the Internet of Things (IoT) and its sibling the Industrial IoT (IIoT). trillion by 2030. One group has declared , “IoT companies will dominate the 2020s: Prepare your resume!”
Cities are embracing smart city initiatives to address these challenges, leveraging the Internet of Things (IoT) as the cornerstone for data-driven decision making and optimized urban operations. According to IDC, the IoT market in the Middle East and Africa is set to surpass $30.2 Popular examples include NB-IoT and LoRaWAN.
The report highlighted that , at the present rate of development, there will be 43 megacities by 2030 and New Delhi is set to surpass Tokyo, which is currently the world’s largest city. Big Data can help urban planners address the challenges of modern urban areas , making cities smarter, safer and better for inhabitants.
Building on datacollected by IoT and edge devices, processed at 5G speeds, digital twins are a core constituent of the experiential layer as the global digital twin market, valued at $3.21 billion by 2030. Partnerships with startups and universities can ensure you are in the forefront of real-world technology innovation.
Digital infrastructure, of course, includes communications network infrastructure — including 5G, Fifth-Generation Fixed Network (F5G), Internet Protocol version 6+ (IPv6+), the Internet of Things (IoT), and the Industrial Internet — alongside computing infrastructure, such as Artificial Intelligence (AI), storage, computing, and data centers.
Energy transition and climate resilience Applying AI and IoT to accelerate the transition to sustainable energy sources There is a clear need (link resides ibm.com) to accelerate the transition to low-carbon energy sources and transform infrastructures to build more climate-resilient organizations.
trillion in economic benefits by 2030. The goal is for there to be more nature by 2030 than there is today—which means taking actionable steps in 2024. Instead of seeing things as disposable, it encourages the reuse and recycling of products. Research expects that transitioning to a circular economy could generate USD 4.5
billion by 2030. Marketing and sales: Conversational AI has become an invaluable tool for datacollection. It assists customers and gathers crucial customer data during interactions to convert potential customers into active ones.
The Bureau of Labor Statistics projects the job outlook for data scientists to grow 22% from 2020 to 2030. It is clear that the need for data scientists and experts is not going away. Supporting the next data-literate generation. Datacollection has exploded, and this poses both challenges and opportunities.
In the energy and utilities sector, sustainability goals, such as Saudi Arabias Vision 2030 and UAEs Net Zero 2050, will drive investment in smart grids, renewable energy, and AI-driven energy efficiency solutions. What role do you think IoT will play in the Middle Easts smart city and infrastructure projects by 2025?
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