Ever pondered how things became so smart? How do machines make human-like decisions?
You may feel we've entered a sci-fi movie when you see today's technology. Our expectations from yesterday have become our reality today.
Take a moment, stop reading this post and look around you. What do you notice? Notice how our daily lives are surrounded by intelligent machines?
Wearables are monitoring the heart rate of body, smart doorbells notify you for visitors, your voice controls your appliances, drones are analyzing traffic congestion, and thermostats on AC are regulating your room temperatures.
All of this is possible because of the remarkable convergence of IoT and artificial intelligence (AIoT).
The Internet of Things (IoT) and Artificial intelligence (AI) are two distinct technological revolutions that have emerged as disruptive forces within the technological world. However, the confluence of these cutting-edge technologies gives birth to AIoT, a technology that is dramatically accelerating the digital transformation. The combination of AI with IoT is known as "Artificial Intelligence of Things" (AIoT), which helps in the analysis of data trends, patterns, and interrelationships between connected devices.
AIoT: Next Generation Technology
The Internet of Things (IoT) links devices by sending and receiving signals just the way a nervous system operates. AI, on the other hand, functions as a brain, receiving data, analyzing it, and utilizing it to make informed decisions that manages the whole system. In a nutshell, the AIoT increases the autonomy and intelligence of data-generating devices by extending their capabilities to the edge.
According to Research and Markets, the worldwide AIoT market is estimated to exceed $65 billion by 2025, rising at a compound annual growth rate (CAGR) of about 40%.
While AIoT continues to grow, Industries are poised to reap the benefits of intelligent data insights to deliver significant business outcomes.
So, let's have a look at where are AI & IoT headed together -
AIOT for Healthcare (Covid)
As the Coronavirus wreak havoc around the globe, wearable devices powered by AIoT systems are being utilized to monitor COVID19-related symptoms. AIoT has accelerated the development of current intelligent medical care, such as remote screening, intelligent diagnosis, and remote critical care, and is therefore seen as a game-changer for pandemic prevention and control.
AIoT is a unified technology that connects machines and devices, makes them user-friendly, and provides intelligence capabilities to them in order to prevent machine failures, increase equipment life, and reduce production costs. Industrial robots enables the movement of materials, fabrication, and machining tasks.
Logistics & Transportation
AIoT streamlines supply chains and inventory management. The sensors and gadgets can tell when an item is out of stock and automatically order more. AIoT provides real-time navigation to fleet operators in order to decrease fuel expenditures, monitor vehicle maintenance, and flag risky driver conduct.
AIoT uses consumer intelligence, demographic data, and behavioral analytics to provide tailored recommendations to customers while enhancing retail operations, product placement strategy, customer service, and overall user experience. AIoT can also assist retailers with identifying concerns like environmental conditions that may have harmed their products.
AIoT for Agriculture
Agriculture is one of the key segments that can benefit from AIoT. AI is used to create an intelligent system that adjusts parameters based on weather, water use, temperature, and crop/soil conditions. Sensor data is analyzed to create optimum crop, fertilizer, irrigation, and pest management decisions. AI helps farmers in increasing yields, providing seasonal forecasts and weather predictions for crop planning and resource optimization, and detecting and notifying warnings.
A Promising Future Ahead.
AIoT shows no signs of slowing down as it continues to push the frontiers of data processing and intelligent learning for the foreseeable future. And offers unrivalled potential that can provide greater in-depth value when combined with other technologies like as 5G, machine learning, and natural language processing (NLP) Edge Computing, BLE (Bluetooth low energy).
Businesses that will deploy AIoT applications will diversify and have a competitive edge, as they will be powered with the capacity to make intelligent decisions, optimize operations, improve predictions, and provide significant value to their customers.
V2Solutions, has been at the forefront of helping organizations unlock the true potential of AIoT technology to accelerate their digital transformation journeys.
Let’s connect to discuss how you take the next step.
Looking to accelerate the deployment of AIoT solutions? Connect with our Experts today.