Emerging growth opportunities when consumption goes ‘all about me’
We share our views on how increasing demand for personalised products and services presents growth opportunities.
IoT + AI = smart home
Technological innovations are changing our everyday life, enabling more comfort, convenience and choices. Rapid digital transformation and the wider adoption of IoT are the key drivers of change in our homes.
IoT has emerged when everyday objects such as home appliances are connected to the internet via sensors so they can communicate and exchange data online. And when AI is added to IoT, our smart home appliances will become smarter, learning new data to better understand a user’s preferences, predict behaviours and change the parameters accordingly. AI can also enable a smart home system to control multiple smart devices.
Are you ready for a ‘smart’ home?
Can you identify all the smart devices and systems listed below?
The growth opportunities in emerging technologies that are powering the development of IoT:
When AI meets IoT, the resulting intelligent machines can simulate smart behaviour with little or no human interference.
AI could be likened as the brain of the machine while IoT could be deemed as the digital nervous system that enables data sharing via internet connectivity.
Companies are investing in AI to create better products and services. And the global public health crisis has accelerated this trend as social distancing measures has spurred demand for AI-powered smart devices.
Additionally, 5th generation mobile network allows real-time data processing at larger capacity, higher speed and less disruptions (or near-zero lag). As 5G enhances data traffic management, it allows many IoT devices to connect at a faster speed. It also makes AI, augmented reality and virtual reality possible as these cutting-edge technologies generally involve intense level of data transmission.
As IoT continues to evolve and disrupt, a bottom-up active strategy could help seek structural growth opportunities emerging from high-conviction ideas. We’ve already seen companies that are disruptors in the market.