Connected devices to hit 1 trillion by 2035 – BofA
2024.06.09 16:48
Investing.com – The Bank of America Institute anticipates an explosion of connected devices, reaching 350 billion by 2025 and one trillion by 2035, leading to a surge in data growth. This increase, coupled with the ongoing AI revolution, will drive up the need for more efficient and robust computing power.
The institute highlights several computing innovations that could redefine our daily lives and work, including high-performance, spatial, edge, neuromorphic, and quantum computing.
Traditional processing units are now unable to meet the demands for faster and stronger computing power due to the exponential growth in data. The number of connected devices is expected to skyrocket, leading to more frequent interactions with these devices.
Moreover, the rise in AI training and inference costs necessitates the development of more advanced computing solutions.
The convergence of AI and quantum technologies is expected to catalyze transformative changes in various sectors, including life sciences, chemicals, materials, finance, and logistics.
The combination of quantum computers and 6G mobile networks is anticipated to be a game-changer in every industry, making it possible to process and use a larger portion of global data, which could potentially double global GDP.
In the healthcare sector, the rapid increase in medical knowledge and genomic data necessitates the use of quantum computers for efficient big data processing.
In the realm of science, quantum computing can advance complex calculations used in space, physics, and nuclear simulations. Cloud platforms, which could be the platform for data generation, sharing, and storage, could also significantly benefit from the commercialization of quantum computers.
