“Digital technologies have transformed every aspect of our lives. IoT applications, information networks, and artificial intelligence are empowering the development of smart grids, smart homes, and smart cities. Unlocking the potential of the new digital economy depends on a world where everything is connected. We need to ensure that these rapidly evolving technologies serve all humanity equally.” UN Secretary-General António Guterres said in his video message at the 2024 World IoT Conference.

What is the current status of IoT development in China? How will IoT empower thousands of industries? All these topics about IoT were mentioned and discussed at the 2024 World IoT Conference held on November 3 in Beijing.

In today's world, the Internet of Things (IoT), powered by digital technology, is increasingly becoming a powerful engine to drive business and economic development. “The world's digital economy powered by IoT smart technologies is growing at a high rate of 20% volume per year, and the number of global IoT connections has grown by more than 23% this year and is expected to exceed 25 billion.” He Xuming, chairman of the executive committee of the World Internet of Things Conference, said in his speech that the investment in IoT digital economy infrastructure exceeds more than 60% of the total global investment, and China has walked in the world's first square in terms of IoT infrastructure, digital economy innovation and development, and this year, the completion of the 5G base station carrying IoT is expected to exceed 4.3 million, and the number of connections to things is expected to break through 3 billion, and the conditions for advanced digital economy with the intelligent connection of all things The number of enterprises with the conditions of the advanced digital economy of all things is nearly one million, which is quietly forming a new quality of productivity and becoming a world innovation power.

With the theme of “A New World of Wisdom and Connectivity and a New Future of Digital Economy”, the conference released the world's first “White Paper on the World Wisdom and Connectivity Digital Economy”, which elaborated on the cognitive definition of the global Wisdom and Connectivity Digital Economy, standard requirements, as well as the framework of the global Wisdom and Connectivity Digital Economy market, and clarified the strategic development direction of the construction of the global eco-market. Strategic development direction.

The reporter learned in this session of the General Assembly that China is the first country in the world's major economies to realize the phenomenon of “Things Superman”, i.e., the number of mobile IoT connections exceeding the number of cell phone users, and has built the world's largest, most extensive, and high-performance network infrastructure. Thanks to this, the annual output value of China's traditional digital economy is expected to exceed 70 trillion yuan this year, with a growth rate of more than 20 percent.

“Looking to the future, technology can further drive economic growth and improve people's lives. Connected systems, information resources, and effective exchanges between various services can benefit all of humanity. For such a future, it is called an all-electric connected society. However, without the Internet of Things, such a world cannot be built and its full potential cannot be realized.” Joe Copps, President of the International Electrotechnical Commission IEC, said at this year's conference that the IoT infrastructure facilitates the creation of a world where the digital and the electrical are perfectly integrated, making an all-electric society possible. Achieving this goal will require cooperation from all sectors, with industry leaders, policy makers and governments having a great responsibility to ensure that national IoT frameworks meet international standards and benefit the population.

Wenku, chairman of the China Communications Standards Association and former director of the Ministry of Industry and Information Technology, said that IoT is an important information infrastructure that promotes the interconnection of all things towards the intelligent connection of all things, and is an important driving force to lead the digital transformation of the economy and society. “The IoT industry should adhere to the development of innovation, build an industrial innovation system, reduce the cost of use, popularize the promotion of industry applications, strengthen the formulation of standards, and consolidate the technical basis for development. It is also necessary to innovate IoT application scenarios by deepening international cooperation, build a new model of digital economic development, and realize mutual benefits and win-win situations.” He said.