Importance of AI and IoT blended in businesses

Tags: ai, iot
Published: 2020-04-21 06:53:31

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

**Benefits of AI-Enabled IoT-**
IoT artificial intelligence leads to a wide scope of advantages for companies and consumers like a proactive intervention, personalized experience, and intelligent automation. Here are some most famous advantages of combining these two disruptive technologies to the businesses:


*1. Boosting Operational Efficiency-*
Artificial intelligence in IoT crunches the constant streams of information and identifies the patterns not deceptive on simple gauges. Also, machine learning combined with AI and hence can predict the operation conditions and detect the parameters to be modified to ensure ideal outcomes. Hence, intelligent IoT offers an insight into which processes are redundant and tedious and which tasks can be adjusted to upgrade efficiency. Google, for instance, brings the power of artificial intelligence into IoT to reduce its data center cooling costs.

You can also know – Why you should use Artificial intelligence into your business?

*2. Better risks management-*
Read more at- [https://solaceinfotech.com/blog/importance-of-ai-and-iot-blended-in-businesses/]