You can use two minipages of 0.45 columnwidth side by side.
Because inside a minipage floating environments (such as table or figure) are not allowed, the tabular and includegraphics commands should be used without the surrounding environments.
To indicate which type of float it is and to provide captions and labels, you can use \captionof from the capt-of package (note that the caption package also provides captionof, but that package is incompatible with IEEEtran).
Finally, you can put both minipages together in a float without a caption (for example a figure), to float to the top and provide some vertical space as specified by the IEEE style.
MWE:
\documentclass[conference]{IEEEtran}
\usepackage{lipsum}
\usepackage{capt-of}
\begin{document}
\setcounter{table}{1}
\setcounter{figure}{1}
See Figure \ref{fig:redundant} and Table \ref{tab:states}.
\lipsum[1]
\begin{figure}
\begin{minipage}{0.45\columnwidth}
\centering\fbox{this is a figure}
\captionof{figure}{Redundant system $s_t$ with a redundant caption that spans multiple lines}
\label{fig:redundant}
\end{minipage}
\begin{minipage}{0.45\columnwidth}
\centering\fbox{this is a table}
\captionof{table}{Redundancy states of $o_2 \in \mathcal{O}^{\psi_1}_{\phi_1}$}
\label{tab:states}
\end{minipage}
\end{figure}
\lipsum[1-10]
\end{document}
Result:

table, for figure caption usecapt-ofpackage:\captionof{figure}{ figure caption}. Of course youre image as wel table should be small enough. – Zarko Jun 25 '19 at 12:15