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By 2050, an estimated 68% of the global population will reside in urban environments, placing immense strain on existing infrastructure and resource allocation. According to IDC, the IoT market in the Middle East and Africa is set to surpass $30.2 This impressive growth trajectory underscores the accelerating role of IoT in our lives.
The IoT is making massive headway for sustainable businesses. Research suggests that 70% of IoT companies meet UN sustainability goals. IoT is tackling humanitarian issues by offering lots of new types of green technology. Big data makes it easier to collect the information you need to achieve this.
The energy sector, driven by sustainability goals such as Saudi Arabias Vision 2030 and the UAEs Net Zero 2050, will see a surge in investments in smart grids, renewable energy, and AI-powered energy efficiency solutions. The Internet of Things will also play a transformative role in shaping the regions smart city and infrastructure projects.
Experts predict that by 2050, up to 370 million people could face food insecurity due to these changes. IoT sensors deployed in fields worldwide collect vital information on crop and weather conditions every 30 minutes. AgTech startup SupPlant is working to tackle these challenges through innovative AI-driven solutions.
According to a UN study, 55% of the total world population is living in cities and by the year 2050, this figure could rise to a whopping 68%. Smart parking systems include IoT-based devices installed on each parking lot, sending signals to nearby receivers if there are any open parking slots.
Many countries have committed to reaching net zero by 2050, aligning with the Paris Agreement’s goal to limit global warming to well below 2 degrees Celsius. trillion to the global economy by 2050. And they could drive economic gains: Research shows markets for carbon-neutral goods and services may be worth $10.3
This figure is going to more than double by 2050. New IOT devices will facilitate in-home senior care. Artificial intelligence is expected to meet the growing needs of the elderly care industry. In 2017, the number of seniors over the age of 65 reached a record 1 billion people.
This number is concerning given emerging digital technologies such as blockchain, IoT, artificial intelligence, and machine learning are increasing demand for data centre services further, as workloads are no longer confined to the core data centre and can run anywhere, including the edge.
Portugal : The country was one of the first in Europe to pledge carbon neutrality by 2050. By integrating smart grids and Internet of Things (IoT) devices, businesses can better manage their energy use. Through AI, IoT and analytics, this cloud-based platform can optimize performance and reduce operational costs.
First is building and buying talent to power National Grid’s IT transformation, which includes digitizing the grid and connecting it to a wide range of internet of thing (IoT) sensors and devices and to the host of emerging renewable energy sources such as solar, wind turbines, hydro innovations, and even battery technology.
Simultaneously, it attempted to commit to its zero carbon city declaration, which aims to virtually eliminate carbon dioxide emissions by 2050. Kubota consulted with IBM® to create a system that uses AI and IoT in the field of operations and maintenance to successfully address Kubota’s business challenges. The result?
Kaiserwetter offers the Aristotle IoT platform to manage all this. In this way, advances in artificial intelligence help catalyze investment in renewable energy and reduce CO2 emissions, effectively bringing us closer to the climate-neutral Europe expected in 2050,” he concludes.
Specifically, the competence center, the first in the energy sector in Europe, will explore the new development and application possibilities offered by AI to quicken the transformation of the company and achieve the ambitious goal of zero net emissions by 2050. The push into AI into all Repsol’s businesses will increase as well.
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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