These days the business world is changing with the adoption of IoT (Internet of Things). IoT is helping in prominently capturing a tremendous amount of data from various sources. But, wrapping around the huge number of information originating from innumerable IoT devices, makes it complex to collect, process, and analyze the data. Realizing the future and maximum capacity of IoT devices will require an investment in new technologies. The combination of AI (Artificial Intelligence) and IoT can redefine the way enterprises, businesses, and also economies function. Artificial intelligence empowered IoT makes intelligent machines that simulate smart behavior and supports in decision making with almost no human interference.
Joining these two streams benefit the common person and experts alike. While IoT deals with devices interacting using the web, AI makes the devices to learn from their data and experience. Here we’ll see why we need IoT and AI to work together.
Increasing Popularity of IoT and AI-
Some businesses have already embraced AI and IoT as a part of their processes and products. A recent Tech Trend survey expresses that IoT and AI are the popular technologies currently in use today. It also found that AI and IoT are the top technologies that organizations are putting resources into most to increase effectiveness and provide a competitive advantage. According to the survey, C-suite executives begin to reinvent their business by digitizing interactions and communications. A survey of C-suite executives found that 19% of respondents are closely focused on the benefits of augmented IoT with AI. The startups and large companies also lean toward AI technology for unleashing the full potential of IoT. The leading vendors of IoT platforms like Oracle, Microsoft, Amazon, and Salesforces have started consolidating AI capabilities into their IoT applications.
Where does AI unlock IoT?
IoT is about sensors embedded into machines, which offer streams of data through internet connectivity. All IoT related services definitely follow five basic steps called to create, communicate, aggregate, analyze, and act. Undeniably, the value of the “Act” relies upon the penultimate analysis. Thus, the precise value of IoT is determined at its analysis step. This is the place the AI technology portrays a crucial role. While IoT provides data, artificial intelligence acquires the power to unlock responses, offering both creativity and context to drive smart actions. As the data delivered from the sensor can be analyzed with AI, businesses can settle on informed decisions.
The artificial intelligence IoT prevails with regards to accomplishing the following agile solutions:
- Manage, analyze and obtain meaningful insights from data
- Ensure fast and accurate analysis
- Balance requirements for a localized and centralized intelligence
- Balance personalization with confidentiality and data privacy
- Maintain security against cyber attack
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