Science and technology have continued to progress with time. There was a time in the 70s and 80s when humans used to think of Artificial Intelligence in the near future. And with the global implementation of 5G in 2020, IoT will become a reality to streamline connectivity between devices within a network. More the information an organization has about its process, more it will be able to find an optimum solution to its advantage.
With the advancement of Artificial Intelligence & Machine Learning, AI showed remarkable capabilities to uncover hidden potential from trillions of data streams received through the Internet of Things(IoT) platform – a network of devices. An IoT app development company can offer global organizations a seamless solution for connecting IoT with Artificial Intelligence.
Artificial Intelligence and the Internet of Things are two of the most advanced technologies today. Their combination now in AIoT is a step further ahead and is presumed to be the one that holds the future. According to a survey from Researchandmarkets, the collective market for Global IoT technology will be around USD 869.9 Billion, by the year 2023. With AIoT seen as the one for the future, businesses are now looking to leverage these technologies for scaling their growth in competitive markets. An IoT application development company assists in interconnecting all electronic devices on-premises.
The convergence of AI and IoT: AIoT
Data from hundreds to thousands of devices in terabytes or petabytes through IoT will be fed to the algorithms built on Machine learning and Artificial Intelligence. These unstructured data in different forms of text, images, binary codes, or any information in multiple languages are processed together to find insights, bottlenecks, and even the factors that can completely change the future of any organization. Broadly termed as ‘AIoT’, this new technology can seamlessly automate workflows for mundane daily tasks to speed up routines and find more optimized solutions.
This combination with AIoT also brings effective real-time edge intelligence for the network to streamline connections with devices. So rather than sending large data over networks to the cloud and creating delays in the whole process, this AIoT technology brings the system to the device in taking minimum time to connect with devices, without affecting the central core functioning and still able to communicate with the device. This edge capability can revolutionize the concept of AIoT to handle new devices exclusively and maintain stringent security protocols in the whole process.
What Benefits AIoT brings for the industries?
With AIoT technology, we can expect more precision in decision making from algorithms. These AI models will be able to self learn to improve system decisions over time and absorb the insights to bring forth more strategic clarifications for the organizations.
AIoT will also help in maintaining physical security checks on individuals with face recognition and biometric specification. All illegal or unsafe activities will automatically prompt notifications to the admin and provide a more reliable solution as per the situation.
AIoT also automates day-to-day activities to refine them for meeting any specific organization goal. Another useful benefit this technology brings is to track customer behaviour in finding patterns that lead to shopping or effectively hiring any services. AIoT will be able to easily filter out fast selling products or low selling products in a large mall and provide more useful insight for businesses to enhance profits.
AIoT is the path that can bring artificial intelligence in real-time, as it empowers the technology to make precise decisions. For instance, autonomous cars and robots will be run by powerful AI algorithms to make smarter and accurate decisions to make their path easy. So, machines will be able to predict the minimum path for reaching the destination in the shortest time.
With the onset of 5G, AIoT brings a completely new era of technology as humans prepare for the next generation. AIoT will bring the use of humongous data received from a network of IoT devices to collect, segregate, and get more actionable insights from the information. AI models will process them effectively to integrate seamlessly with the business process to become more productive in every aspect.
Now, AI and IoT both technologies have streamlined for higher productivity; there is a huge potential for the upcoming future. And AIoT paves the path for more advanced and capable solutions that will make our process more refined and working at their optimum level.
Thus, AIoT seamlessly connects IoT App Development with machine learning and artificial learning algorithms to bring forth AIoT solutions for optimized results.