IoT Community launches new GenAIoT solutions category

The IoT Community, an independent community based in the United Kingdom made up of more than 49,000 professional members in the Internet of Things sector, has announced the definition of a new category of solutions that combines Generative Artificial Intelligence (GenAI) and the Internet of Things with Artificial Intelligence (AIoT) to operationalise industrial and business environments. The centrepiece of the new GenAIoT™ will be the genaiot.net website.

Working with leading groups operating at the intersection of the two fields, the new GenAIoT category aims to realise the potential of these emerging and transformative technologies. “The IoT Community together with its founding members are delighted to announce the launch of GenAIoT. AI is changing our daily lives and has already opened up a world of new opportunities. By collaborating with existing ecosystem partners and new ones to be announced soon, we aim to create real-world solutions that fully realise the potential of AI for everyone and at scale,” says David Hill, executive director of the IoT Community and co-founder of the GenAIoT initiative.

GenAIoT is a technology that will facilitate applications in various sectors. For example, it will allow factory operators to gain real-time insights by overlaying synthesised data on a facility’s digital twins. The main objective of GenAIoT is to merge large language models with corporate data to offer contextualised intelligence that helps solve mission-critical problems.

The GenAIoT.net website will offer a platform for collaboration, communication and resource sharing. It will also work on defining and subsequently promoting and developing best practices, standards and guidelines for GenAIoT. The main areas that GenAIoT will initially focus on are natural language processing, speech recognition, edge computing, computer vision, LLM training, AI training and inference, interoperability and data synthesis, security, chipsets and hardware, APIs and integration, industrial design, simulation tools, accelerated computing platforms, microservices, among others.

The IoT Community must drive the development and implementation of practical solutions that utilise GenAIoT technologies. This involves raising awareness and educating industry professionals and the general public about the advantages and risks associated with GenAIoT, as well as advocating policies that support the growth and advancement of this new universe.

The community believes that integrating GenAI and AIoT can facilitate the collection of large volumes of data via IoT devices. This data can then be analysed and interpreted using the two technologies to provide valuable insights. In the community’s view, this approach has the potential to revolutionise problem-solving.

Founded in 2015, the IoT Community focuses on the adoption and application of IoT in commercial environments, seeking to understand and contribute to the application of the technology and to overcoming barriers and technical and operational problems. Its members develop, deploy and operate IoT devices, networks and applications all over the world.

The community recently took part in MWC 2024 in Barcelona, where meetings were held to identify opportunities in this new domain. Participants in this meeting estimated that this market is valued at US$ 4.5 trillion.

IoT, which includes traditional IoT ($1.4 trillion) and AIoT ($600 billion), is seen as a $2 trillion opportunity. When combined through the new GenAIoT category of solutions and applied vertically in various sectors, such as manufacturing, supply chain, customer service and new emerging subsets, it could unlock another $1.2 trillion.