The Internet of Things refers to a network of interconnected devices, sensors, and objects that can collect and exchange data. IoT Devices enable the integration of physical objects into the digital world, creating opportunities for automation, data analysis, and real-time decision-making. AI plays a crucial role in processing the vast amount of data generated by IoT devices.
Forecasting involves predicting future outcomes or trends based on historical data and patterns. By analysing past data and applying statistical techniques, businesses can make…