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Baidu, the Chinese-based internet services conglomerate, has made several major announcements about its upcoming IoT projects. The company’s plans center on a revamped artificial intelligence (AI) platform, which the company hopes will enable it to effectively increase its presence in the world of the IoT.
Baidu plans to use this revamped AI platform to develop a voice assistant similar to Amazon’s Echo, reports Bloomberg. It will be working with speaker manufacturer Harman Industries to develop the device, which it hopes will allow users to order food, summon a ride, or control smart home products via voice commands. The Echo’s surprising success has prompted Google, Samsung, and Apple to try and develop competitors, and Baidu, too, is seeking to replicate the success Amazon has seen.
The company is partnering with chipmaker Nvidia to develop an AI platform for driverless cars and taxis, according to Fortune. Nvidia CEO Jen-Hsun Huang announced the partnership at the Baidu World Conference, where he noted that both companies see enormous potential in AI. The two companies will make this platform open, so that other major automakers can use it to deploy their own self-driving cars. Bloombergnotes that Baidu plans to first release the platform in China on its self-driving taxis.
Baidu has also received an Autonomous Vehicle Testing Permit in California,according to TechCrunch. This regulatory approval is the first step in gaining permission to test self-driving cars on public roads in the state. Earlier this year, Baidu announced the formation of its autonomous driving research team, and, together with Ford, made an investment in Velodyne, a supplier of LIDAR sensors that are employed in many self-driving cars designs. Jing Wang, Baidu’s SVP, noted that the company plans to move forward with testing the vehicles in the near future.
CEO Robin Li reiterated to investors and company employees that he believes AI is critical to the company’s future. While Baidu has primarily focused on internet services, such as its search engine, developments this year indicate a pivot into AI and the IoT.
The IoT Revolution is picking up speed and when it does, it will change how we live, work, travel, entertain, and more.
From connected homes and connected cars to smart buildings and transportation, every aspect of our lives will be affected by the increasing ability of consumers, businesses, and governments to connect to and control everything around them.
Imagine “smart mirrors” that allow you to digitally try on clothes. Assembly line sensors that can detect even the smallest decrease in efficiency and determine when crucial equipment needs to be repaired or replaced. GPS-guided agricultural equipment that can plant, fertilize, and harvest crops. Fitness trackers that allow users to transmit data to their doctors.
It’s not science fiction. This “next Industrial Revolution” is happening as we speak. It’s so big that it could mean new revenue streams for your company and new opportunities for you. The only question is: Are you fully up to speed on the IoT?
After months of researching and reporting this exploding trend, John Greenough and Jonathan Camhi of BI Intelligence have put together an essential report on the IoT that explains the exciting present and the fascinating future of the Internet of Things. It covers how the IoT is being implemented today, where the new sources of opportunity will be tomorrow and how 16 separate sectors of the economy will be transformed over the next 20 years.
The report gives a thorough outlook on the future of the Internet of Things, including the following big picture insights:
- IoT devices connected to the Internet will more than triple by 2020, from 10 billion to 34 billion. IoT devices will account for 24 billion, while traditional computing devices (e.g. smartphones, tablets, smartwatches, etc.) will comprise 10 billion.
- Nearly $6 trillion will be spent on IoT solutions over the next five years.
- Businesses will be the top adopter of IoT solutions because they will use IoT to 1) lower operating costs; 2) increase productivity; and 3) expand to new markets or develop new product offerings.
- Governments will be the second-largest adopters, while consumers will be the group least transformed by the IoT.
And when you dig deep into the report, you’ll get the whole story in a clear, no-nonsense presentation:
- The complex infrastructure of the Internet of Things distilled into a single ecosystem
- The most comprehensive breakdown of the benefits and drawbacks of mesh (e.g. ZigBee, Z-Wave, etc.), cellular (e.g. 3G/4G, Sigfox, etc.), and internet (e.g. Wi-Fi, Ethernet, etc.) networks
- The important role analytics systems, including edge analytics, cloud analytics, will play in making the most of IoT investments
- The sizable security challenges presented by the IoT and how they can be overcome
- The four powerful forces driving IoT innovation, plus the four difficult market barriers to IoT adoption
- Complete analysis of the likely future investment in the critical IoT infrastructure: connectivity, security, data storage, system integration, device hardware, and application development
- In-depth analysis of how the IoT ecosystem will change and disrupt 16 different industries
To get your copy of this invaluable guide to the IoT universe, choose one of these options:
- Subscribe to an ALL-ACCESS Membership with BI Intelligence and gain immediate access to this report AND over 100 other expertly researched deep-dive reports, subscriptions to all of our daily newsletters, and much more. >> START A MEMBERSHIP
- Purchase the report and download it immediately from our research store. >> BUY THE REPORT
The choice is yours. But however you decide to acquire this report, you’ve given yourself a powerful advantage in your understanding of the fast-moving world of the IoT.