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2024 AI and IoT Technology Market Review: Insights from BCC Research

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“This research review highlights the transformative impact of artificial intelligence (AI) and the Internet of Things (IoT) across industriindustries, showcasing significant market growth, technological advances, and the potential for these technologies to revolutionize operations, enhance efficiency, and drive innovation.”

BOSTON, July 21, 2025 /PRNewswire/ — BCC Research announces the release of its “2024 AI & IoT Technology Research Review“. This report highlights the transformative impact of artificial intelligence (AI) and the Internet of Things (IoT) across industries, showcasing significant market growth and technological advances.

Highlights:

  • Artificial Intelligence (AI) Market:
  • The market is projected to grow from $148.8 billion in 2023 to $1.1 trillion by the end of 2029.
  • Compound Annual Growth Rate (CAGR): 39.7.3%.
  • AI in Oil and Gas Market:
  • The market is projected to grow from $2.8 billion in 2023 to $5.1 billion by the end of 2028.
  • CAGR: 12.9%.
  • Artificial Intelligence (AI) in Life Sciences Market:
  • The market is projected to grow from $9.8 billion in 2024 to $33.5 billion by the end of 2029.
  • CAGR: 27.9%.

Research Coverage and Insights:

This research review of 2024 AI and IoT technologies focuses on how these technologies propel digital transformation, improve operational effectiveness, and open new commercial prospects globally.

  • Revolutionizing Industries: AI and IoT enhance automation, optimize operations, and improve efficiency across various sectors.
  • Significant Investments: The global AI market is witnessing substantial investment as businesses recognize its potential to drive innovation, streamline processes, and create new revenue opportunities.
  • Oil and Gas Sector: AI technologies are being integrated to optimize exploration, predictive maintenance, and resource management, helping companies improve operational efficiency and reduce costs.
  • Life Sciences Impact: AI transforms drug discovery, patient monitoring, and healthcare analytics. In cancer research, AI-driven solutions enhance early detection, diagnosis, and personalized treatment plans, leading to better patient outcomes.
  • Precision Medicine: Integrating AI into clinical and molecular diagnostics advances precision medicine by enabling faster and more accurate disease detection.
  • Industrial IoT (IIoT): The IIoT market expands as businesses leverage connected devices and smart automation to optimize manufacturing, logistics, and supply chain operations.
  • Digital Transformation: Advances in AI and IoT are driving digital transformation across industries, enabling businesses to enhance decision-making, reduce costs, and maintain a competitive edge in the global market.

Research Summary:

The 2024 Research Review of AI and IoT technology exemplifies the type of quantitative market data, analysis, and guidance that BCC Research has provided since 1971. This review includes highlights from the following reports published by BCC Research in 2024:

This Research Review provides a consolidated overview of market insights from these recent reports. The full reports referenced in this review offer additional depth on each topic, offering further context and more detailed analysis.

For further information on any of these reports or to make a purchase, contact [email protected].   

About BCC Research

BCC Research market research reports provide objective, unbiased measurement and assessment of market opportunities. Our experienced industry analysts’ goal is to help you make informed business decisions free of noise and hype.

Contact Us
Corporate HQ: 50 Milk St., Ste. 16, Boston, MA 02109, USA
Email: [email protected]
Phone: +1 781-489-7301

For media inquiries, email [email protected] or visit our media page for access to our market research library.

Any data and analysis extracted from this press release must be accompanied by a statement identifying BCC Research LLC as the source and publisher.

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Revealed: What our biggest companies worry about when it comes to AI – AFR

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Revealed: What our biggest companies worry about when it comes to AI  AFR



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Kakao CTO advocates treating AI as operating system, not model competition – 조선일보

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Kakao CTO advocates treating AI as operating system, not model competition  조선일보



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Google engineer releases free 400-page guide to agentic AI systems

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A Google distinguished engineer has published a comprehensive 400-page technical guide to building autonomous AI systems, offering detailed blueprints for creating sophisticated artificial intelligence agents. Antonio Gulli, Senior Director and Distinguished Engineer in Google’s CTO Office, announced Agentic Design Patterns: A Hands-On Guide to Building Intelligent Systems with a scheduled release date of December 3, 2025.

The publication addresses a critical gap in AI development methodology. According to Gulli, building effective agentic systems requires more than just a powerful language model—it demands structured architectural blueprints. “It’s about moving from raw capability to robust, real-world applications,” Gulli stated in the book’s introduction.

The guide presents 21 distinct agentic patterns that serve as fundamental building blocks for autonomous AI systems. These patterns range from foundational concepts such as Prompt Chaining and Tool Use to advanced implementations including Multi-Agent Collaboration and Self-Correction frameworks. Each pattern represents a reusable solution to common challenges encountered when building intelligent, goal-oriented systems.

Technical specifications detailed in the book cover multiple implementation frameworks. The guide utilizes three prominent development platforms: LangChain and its extension LangGraph for building complex operational sequences, CrewAI for orchestrating multiple agents, and the Google Agent Developer Kit for evaluation and deployment processes. This multi-framework approach ensures broad applicability across different technical environments.

The publication structure follows a practical methodology. Each chapter focuses on a single agentic pattern, providing pattern overviews, use cases, hands-on code examples, and key takeaways. According to the table of contents, Part One covers 103 pages of core execution patterns including Prompt Chaining, Routing, Parallelization, Reflection, Tool Use, Planning, and Multi-Agent systems.

Part Two addresses 61 pages of memory management and learning capabilities. This section explores Memory Management, Learning and Adaptation, Model Context Protocol (MCP), and Goal Setting frameworks. The technical depth continues through Parts Three and Four, covering 114 pages of advanced topics including Exception Handling, Human-in-the-Loop patterns, Knowledge Retrieval, and Safety implementations.

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The book’s technical approach emphasizes practical implementation over theoretical discussion. According to the publication details, the guide includes executable code examples, architectural diagrams, and step-by-step implementation instructions. This hands-on methodology addresses the growing demand for actionable AI development resources in enterprise environments.

Industry validation for the guide emerged through social media discussions among AI practitioners. Multiple technology leaders shared positive assessments of the publication’s practical value. The book received recognition as a “#1 New Release in Probability & Statistics” on Amazon with a December 3, 2025 release date.

Gulli brings extensive technical credentials to the publication. His background includes over 30 years of relevant experience in AI, Search, and Cloud technologies. He holds a Ph.D. in Computer Science from the University of Pisa and has previously authored technical publications including “Deep Learning for Keras” across multiple editions and languages.

The economic context for agentic AI development shows significant market potential. Recent research published on PPC Land indicates Google Cloud projects the agentic AI market could reach $1 trillion by 2040, with 90% enterprise adoption expected. This projection reflects growing demand for autonomous AI systems capable of executing complex workflows with minimal human intervention.

The timing of Gulli’s publication coincides with increased industry focus on AI agent development. Major technology companies have recently released comprehensive AI agent guides, marking a shift toward more autonomous systems. Companies including Anthropic, OpenAI, and McKinsey have published complementary resources, though Gulli’s guide stands out for its comprehensive technical depth and practical implementation focus.

The book addresses critical challenges in AI agent reliability and safety. Traditional single-prompt interactions often prove insufficient for complex, multi-step tasks. Agentic patterns provide structured approaches to decomposing complex objectives into manageable components while maintaining coherence across extended workflows.

Pattern composition represents a key advancement outlined in the guide. The publication demonstrates how individual patterns combine to create sophisticated systems. For example, an autonomous research assistant might integrate Planning patterns for task decomposition, Tool Use for information gathering, Multi-Agent Collaboration for specialized analysis, and Reflection for quality assurance.

Memory Management patterns detailed in the book enable agents to maintain context across interactions while learning from experience. These capabilities distinguish true agentic systems from simple reactive models. The technical specifications include both short-term conversational context and long-term knowledge retention mechanisms.

Safety and alignment considerations receive dedicated coverage through specialized “Guardrails/Safety Patterns.” These frameworks address challenges of autonomous operation while maintaining alignment with intended objectives. The patterns include input validation, output filtering, human oversight integration, and graceful degradation capabilities.

The publication includes extensive technical documentation spanning 424 total pages. Appendices provide advanced prompting techniques, framework overviews, and implementation guidelines. A comprehensive glossary defines technical terms and concepts used throughout the guide.

Distribution of the guide follows open-access principles. Google has made the technical documentation publicly available through standard channels, enabling widespread practitioner access. This approach supports broader adoption of structured AI agent development methodologies across the industry.

Why this matters for marketing

The release of this comprehensive guide signals the maturation of agentic AI from experimental technology to practical implementation framework. For marketing professionals, these developments indicate significant opportunities for campaign automation and optimization capabilities that extend far beyond current programmatic advertising approaches.

The emergence of agentic AI capabilities in marketing contexts has already shown measurable impact, with AI search traffic converting at rates 23 times higher than traditional organic search visitors despite representing minimal traffic volume. This pattern suggests that AI-powered systems are fundamentally changing how users discover and interact with content.

Google’s recent introduction of automated calling features demonstrates practical agentic implementations in customer service contexts. The system autonomously contacts businesses to gather pricing and availability information on behalf of users, representing the type of goal-oriented behavior that Gulli’s patterns enable at scale.

The technical frameworks outlined in the guide provide marketing teams with structured approaches to building custom AI agents for campaign management, content optimization, and customer interaction automation. Rather than relying on black-box solutions, these patterns enable transparent, controllable implementations that align with specific business objectives.

Timeline

Summary

Who: Antonio Gulli, Senior Director and Distinguished Engineer in Google’s CTO Office, with over 30 years of experience in AI, Search, and Cloud technologies and a Ph.D. in Computer Science from the University of Pisa.

What: A comprehensive 400-page technical guide titled “Agentic Design Patterns: A Hands-On Guide to Building Intelligent Systems” that presents 21 distinct patterns for building autonomous AI agents, covering everything from basic prompt chaining to advanced multi-agent collaboration frameworks.

When: Announced with a scheduled release date of December 3, 2025, with the book being listed as a “#1 New Release in Probability & Statistics” on Amazon.

Where: Announced through multiple channels including social media and Amazon pre-orders, with Google making the technical documentation publicly available through standard distribution mechanisms.

Why: The guide addresses the critical gap between powerful language models and practical autonomous systems, providing structured architectural blueprints necessary for building reliable, goal-oriented AI agents that can operate with minimal human intervention in real-world applications.



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