How is Artificial Intelligence (AI) helping Internet of Things (IoT) grow? There is a lot of excitement around Artificial Intelligence (and rightly so). Experts say that AI is expected to change our lives in unprecedented ways. You are obviously confused about the way AI will impact your industry and work. While there’s a lot of noise around AI, there is also a lot of skepticism. People are wondering if Artificial Intelligence will actually revolutionize our lives or is there just a lot of hype?
https://specials-images.forbesimg.com/imageserve/684285598/960x0.jpg?fit=scale
There is a lot that is being written about AI (we ourselves have published a series of Artificial Intelligence related blogs). AI is expected to perform a number of intelligent tasks (like speech recognition, decision-making, language understanding, etc.). It is believed to perform tasks that were earlier limited to human intelligence. On the other hand, Internet of Things (IoT) refers to devices that are interrelated and transfer data over a network. IoT devices do not require computer or human interaction devices, and is already made a debut in daily lifestyle products across the world. IoT devices rely heavily on Internet connectivity. As per Goldman Sachs, the IoT will connect ten times as many devices to the Internet by 2020 (these will include wristbands, cars, home alarm system, etc.). The growth of IoT is hindered with the speed and efficiency at which data will be computed and value extracted. IoT produces unimaginable amounts of data and there are many organizations who are clueless about how to manage this amount of data. You can’t ignore this data as it is related to customers, their behaviors, purchasing habits, personal information, etc.