AI Contributing IoT Revolution: Combining IoT with rapidly improving AI technologies can design ‘smart machines’ that stimulate intelligent behaviours to make a precise decision without any human interference

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SwissCognitive, AI, Artificial Intelligence, Bots, CDO, CIO, CI, Cognitive Computing, Deep Learning, IoT, Machine Learning, NLP, Robot, Virtual reality, learningToday businesses around the world are extracting the potential outcome by deploying IoT in their business operations. They use it to create new and optimized business possibilities. The firm growth of IoT in various industries is spectacular, whereas AI and its influence on a professional and personal level are considered undervalued. However, combining IoT with rapidly improving AI technologies can design ‘smart machines’ that stimulate intelligent behaviours to make a precise decision without any human interference. Thus, AI-IoT together minimizes chances of error and ensures efficiency along with productivity.

How does AI help in the IoT revolution?

Artificial Intelligence performs smart tasks such as language translation, decision making, voice recognition, etc. and IoT involves a series of interconnected gadgets to transport information over a network. IoT gadgets depend on web connectivity to deliver a fair amount of relevant information about users such as user behaviour, users’ preferences, personal details, etc. It is absolutely wrong to overlook them as they contribute to improving the operations and user experience. However, many organizations have no idea about saving and processing of massive amounts of data which ultimately hinders the growth and potency of IoT.

In this critical situation, AI work as saviour as it helps to store the bulk of data processed by the IoT devices. It analyses and produces a sense of it. Thus, we can conclude that AI is a chief driver which promises to contribute to the exceptional growth of IoT.

Enabling evolving profits for businesses

Earlier, the AI framework was taking care of limited categories of the task. They were not scalable and required human interference. However, advancement in technology has created a successful transformation of AI by involving it into IoT concept. The collaboration of AI with IoT has introduced smart machines which require the least human intervention. The integration of two evolving technology will bring a dramatic change in different industries. Four significant changes that will emerge in businesses after integration of AI & IoT are:

Improved revenue:

Integration of IoT with AI will be profitable for many industries and sectors in terms of generating significant revenues and returns. IoT data providers, IoT gadget, manufactures and companies offering application services based on smart sensors will also enjoy the profits gained by the togetherness of these two highly effective technologies.

Better Safety Standards:

Un-interrupted and regular monitoring allows a business to take prompt decisions to restrict any failure. Up-to-date monitoring improves overall protection and security standards while enhancing productivity. The strict monitoring over different operations even reduces the possibility of harm to lives and assets.

Decreased Expenses:

Assessing the appliances by smart detectors, the sensor installed domestic devices and smart electricity meters cut the extra operational costs in businesses or household works.

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Improved user experience:

Smart sensors offer a plethora of opportunities to improve the user experience. These detectors catch the user’s preferences and provide them with options accordingly. For example, smart ac sets the temperature as per the user’s need.

Positive influence on different industries

1) Manufacturing Industry:
Manufacturing sectors like aircraft, automobiles, mining, household appliances, etc. sync smart sensors with their machinery to get future analyses and improve efficiency along with productivity. Industries are endeavouring to develop a wholly autonomous and advanced industrial unit. The installed sensors will assist enterprises in detecting the areas with looming threats, informing about the future maintenance requirement to ensure least machinery falls.

2) Smart Homes:
IoT has introduced advancement in homes too. Today, smart home concepts have taken up speed. Smart homes concept means a house where all the gadgets are connected through a shared network. Integrating IoT with AI will enable devices to interpret the owner’s instruction and make smart decisions, respectively.

A smart home consists of technologies that aim to make lives comfortable by allowing the owner to regulate the device remotely, regardless of where she/he is currently present. It even ensures better safety and security. For example, an owner can pre-plan the time at which he/she wants coffee, or when TV should turn on to watch their favourite show. […]

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