The Internet of Things (IoT) is transforming industries by integrating sensors and connectivity into everyday objects, enabling enhanced monitoring, management, and automation through Machine-to-Machine (M2M) communication. Despite these advancements, the IoT faces limitations in accurately predicting environmental conditions and power consumption. This study proposes an advanced IoT platform that combines real-time data collection with secure transmission and forecasting using a hybrid Long Short-Term Memory (LSTM)–Gated Recurrent Unit (GRU) model. The hybrid architecture addresses the computational inefficiencies of LSTM and the short-term dependency challenges of GRU, achieving improved accuracy and efficiency in time-series forecasting. For all prediction use cases, the model achieves a Maximum Mean Absolute Error (MAE) of 3.78%, Root Mean Square Error (RMSE) of 8.15%, and a minimum R2 score of 82.04%, the showing proposed model’s superiority for real-life use cases. Furthermore, a comparative analysis also shows the performance of the proposed model outperforms standalone LSTM and GRU models, enhancing the IoT’s reliability in real-time environmental and power forecasting.