The Internet of Things (IoT) has been developing very quickly in the recent few years, it is expected that more devices will join the network in the future. Artificial intelligence goes hand in hand with IoT. The powerful combination of IoT and AI is prospective and fast-growing and can be game-changing for many industries. Let’s know how both technologies can work together to provide the best solutions in our data-driven world.
Both AI and IoT are prospective and fast-growing digital technologies. AI technology is here not to replace us, but to help us in spheres like manufacturing, banking, healthcare, and retail. Keep reading to find out how AI and IoT are intersecting in providing solutions in our data-driven world.
What is IoT?
Internet of things (or simply IoT) is a technology used to transfer data and connect devices via the Internet. An IoT device is any device that can be monitored and controlled from a remote location through the Internet. Cars, medical equipment, mobile devices, computers, smartwatches, and kitchen appliances can all be IoT devices.
As humans, we are used to creating physically connected networks. While this emerging technology has the potential to connect billions of devices into a single digital network.
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But how is it connected to artificial intelligence?
Artificial intelligence (or AI) is the science of training computers to emulate human intelligence processes through learning and automation. AI enables computers to learn from their experiences and improve, adopting specific algorithms. Using AI-powered technologies, machines can do the following:
· understand, translate, analyze, and generate human language and speech;
· process, understand, and analyze pictures and images;
· analyze and understand complex patterns in large amounts of data;
· perform deep learning skills.
Tracking your products operations
As you have already discovered, AI enables computers to process and analyze high volumes of data accurately. The IoT devices have chips and sensors for harnessing these data. AI can learn the patterns of the harnessed data to automate tasks more efficiently. To put it simply, AI analyzes data collected from IoT devices and makes sense of it.
Automation and AI can revolutionize the way you do business. As an IoT devices manufacturer, you can monitor devices’ operations that can communicate valuable insights from the data. For instance, you can get information when something in your device does not work properly, and send a service notification to the owner of that device. If you have AI analyzing data from all of your devices, you can improve and prevent them from crashing in the future.
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Automation benefits
Automation has always been used to increase productivity, improve safety, and make better use of resources.
Automation through the replacement of human labor with machines is in the past now. Modern technology automates by performing tasks and making decisions through AI algorithms designed for processing large quantities of data.
Automation can take different forms. For instance, IoT devices can take specific actions autonomously without any human involvement. And AI makes this scenario possible by making predictions and taking actions based on the data from sensors.
Better safety standards
An increasing number of organizations adopt AI in risk assessment and management. Recent research suggestsOpens a new window that AI can help construction by prioritizing projects ranked by risk factors. AI can help IoT devices to assess risk indicators in a similar manner.
Having your IoT devices constantly monitored in real-time can provide risk assessment at a scale that humans can never accomplish. As AI can better identify risks, you can improve your company’s safety standards accordingly.
Fraud detection is another benefit of using AI for IoT. AI’s brilliant set of algorithms allows us to detect and prevent potential frauds from happening.
Improving customer experiences
AI-powered devices with smart sensors have great potential to improve customer experiences. AI-enabled devices can learn from user preferences and adapt their applications, respectively. Intelligent prediction and personalization can contribute to making the customer experience even smoother. For instance, AI enables smart homes’ thermostats to regulate room temperature specifically for each family member.
Putting it all together
Considering that the Internet of things has been developing very quickly in the recent few years, it is expected that more devices will join the network in the future. Artificial intelligence goes hand in hand with IoT. We live in a time when artificial intelligence can solve previously unsolvable problems. When combined together, AI and IoT reshape the technological landscape. AI is major in IoT because it automates operations, assesses data, improves safety, and customer experiences. It can also manage resources like electricity, making your products more sustainable. It is predicted that AI is the future of IoT as the increasing number of companies constantly adapt it in various scenarios. We hope this article helped learn how artificial intelligence affects the Internet of things.
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