The IoT Community - Internet of Things Community® - Internet of Things Community announces the launch of GenAIoT, a new industry solution category that fuses Generative AI and AIoT to operationalize Industrial and Enterprise IoT. SAS, ClearBlade, SoftServe and Intellias, named as founding members of GenAIoT. GenAIoT allows for faster problem-solving than ever before.
Working with key stakeholders SAS, ClearBlade, SoftServe and Intellias; IoT Community Launches GenAIoT at IoT Day Slam 2024. These stakeholders are operating at the intersection of Generative Artificial Intelligence and the Internet of Things; the goal is realizing the full potential of this new and emerging, yet highly transformative technology.
It is predicted that GenAI has the potential to unlock up to 1.3-1.5 trillion US dollars in economic and business value. IoT, which includes traditional IoT (1.4 trillion US dollars) and AIoT (600 billion US dollars), is seen as a 2 trillion dollar opportunity. When combined via this new industry solution category (GenAIoT), and vertically applied across industry sectors such as manufacturing, supply chain, customer service, and new emerging subsets, it could unlock another 1.2 trillion US dollars in economic value.
Tom Bradicich, PhD, Chair, IoT Community Board of Advisors, ”the IoT Community is best suited to step up to this potent convergence by launching a new initiative, called GenAIoT. This new dimension of our community is designed to enable and serve the practitioners and end users of generative AI, AI analytics, AI controls, within the IoT.”
David Hill, Executive Director of IoT Community and a co-founder of GenAIoT, "Artificial Intelligence (AI) has been changing our daily lives and it has opened up a world of new opportunities. By collaborating with existing IoT Community ecosystem partners, as well as new - soon to be announced - founding members of GenAIoT, we are aiming to create real-world solutions that fully realize the potential of AI for everyone, at scale."
ClearBlade Founder and CEO Eric Simone 🏢✈🚄🚚, “our industry-leading Intelligent Assets, a no-code digital twin software designed for operators, is already evolving with the use of Gen AI. We’re thrilled to be a GenAIoT member and enable non-technical professionals to seamlessly harness the power of IoT!”
Guy Merritt, VP of Solutions and Consulting, SoftServe, “to work, GenAI needs data and many times that is IoT centric data.” “This is a natural evolution between AI and IoT to enable the next revolution that is impacting a multitude of industrial sectors. We are proud to be founding members of GenAIoT.”
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