Artificial intelligence and the Internet of things are trending topic people are buzzing about. This uproar is the reason for these wonders that has urged the enterprises to get them in. The convergence of IoT and AI will help redefine business operations. The blend of these two technologies has already coined enough limelight due to which now it is known as AIoT or Artificial intelligence of things.
Together these technologies have helped industries to set a new trends or to evolve with time. Industries which haven’t yet introduced AI and IoT into their systems, have either not made it to the technological pace or have been considered obsolete.
Artificial intelligence and IoT come up with data analytics, data structuring, predictive maintenance, cloud technology and many other features. The IoT efficient operation has not only improved human-machine interaction but has also made data management and analysis easy.
Let’s get a brief overview of these technologies individually, after that, we will find what wonders could they make to the human world by getting together. This article will highlight the importance and need for AI and IoT within any enterprise with AI and IoT examples. In addition to that, it will also be answering some queries which include: Are Ai and IoT the same? or what is the difference between IoT and Ai?
What is Artificial Intelligence?
One couldn’t deny the advancing trends of Artificial intelligence at a breakneck pace.
Artificial intelligence refers to the process where human intelligence is simulated via machines, especially computers. It helps to integrate human intelligence with the virtual world using data centers, and servers. Since enterprises have large databases, AI employs machine learning to perform tasks which wouldn’t have been possible without any human intervention. The AI algorithms help to conclude, perform a task or solve a problem.
So whatever you are doing on the internet, be it a single click, watching a movie or whatever it is, Artificial intelligence collects all the data and creates a big data repository. Using this repository and implementing the data analytics and algorithms, they could help customize the internet of things in a much more efficient way. The users of these two technologies together could see the difference they are making.
What Is The Internet Of Things?
Using communication networks, any physical objects with built-in sensors, processors, software and other technologies that help you connect with the internet is termed as Internet of things.
Many IoT devices have already made their way to the market without being considered in terms of security. This hot bun has provided so much ease into the virtual world that people are enjoying it more than any other technological blessing. This technology has been synonymous with the products that work on the “smart home” concept. For example, if you have installed cameras at your place, then IoT devices would be of great help without even getting connected to your internet since they only need a connection to your networks.
What are IoT Devices?
IoT (Internet of Things) devices are non-standard computing platforms that can wirelessly connect to a network and transfer data. They can share useful sensor data with customers, companies, and other intended parties. The gadgets can be divided into three primary categories: industrial, commercial, and consumer.
Why Is It Important To Blend AI And IoT?
Today the business world is evolving like never before. Every new technology that gets introduced brings such a significant impact that it becomes important for everyone to introduce them into their systems.
Individually for IoT, it was difficult to collect, analyze and process the data collected from a multitude of different devices. This need for expansion or new advancement made the addition of any other technology became essential. One technology that could perform all these tasks together with other prominent ones is Artificial intelligence. AI and IoT blend enabled the internet of things to create machines which perform behaviors and take actions without human interventions. While IoT deals with the devices that interact via the internet, Artificial intelligence collects the data, analyses the experience and helps improve efficiency.
The Popularity of IoT and AI
There are several enterprises and business industries which haven’t wasted minutes getting their hands on these wonder blessings. People are nowadays investing to enhance their business capability and efficiency. The blend of AI and IoT has also provided a competitive advantage to the ones working with these technologies.
These two technologies are creating their individual presence in the world. AI has been a great help to artists. AI has been helping them to turn out their imagination into art using AI art generators. AI-generated art has already taken the place of some exclusive art pieces which have been rendering beauty to art galleries for ages. But they have all been replaced with AI-generated art.
Not just the large companies, the startups too believe that the amalgamation of AI with IoT is very much important to enhance the individual potentials of these two technologies. The prominent vendors of IoT such as Oracle, Microsoft, Salesforce and Amazon have begun consolidating artificial intelligence capabilities into their IOT applications.
Where Does AI and IoT Interlink?
Diving deep into the services provided by the IoT devices, it was noted that all follow 5 steps to perform what humans could have done, which include:
- And Act
Of course, the step to “act” is backed with deep analysis. This is where artificial intelligence unlocks its way into this technology. Where IoT collects the data, Artificial intelligence caters to the responses with creativity to drive smart and productive actions.
Artificial intelligence helps IoT perform the following tasks:
- Analyze and construct a meaningful understanding from the collected data
- Assist in fast and accurate data analysis
- Helps attain optimum security thus preventing unauthorized access.
- Balance personalization ensuring the confidentiality and data privacy
- Customizes requirements for localized intelligence.
- Adds value to the IoT capability through machine learning.
What Benefits Could Be Achieved By AI And IoT Blend?
The artificial intelligence of things broadens the capabilities of individual technologies. It helps in proactive interventions and intelligence-aided automation and helps the user get a personalized experience.
To enlist a few of the benefits of blending Artificial Intelligence and the Internet of things:
Helps Risk Management
Risk management is one of the crucial considerations that ensure a business flourishes properly. If any enterprise is not surfacing the limiting factors or internal discrepancies they would soon reach a state of collapse. But the proper implementation of AI together with IoT has helped the management to manage their risks. These two technologies provide insight into risk factors which helps the management predict them before their incident.
It helps the management to automate the risk management system that would ultimately prevent cyber threats and improve financial performances
Large companies like oil and industrial manufacturing companies; most of the time have to deal with machine breakdown. This breakdown leads to prolonged downtime which results in a great amount of expense. Living in an automated world, if the company still has to suffer with downtime, this greatly impacts the image of the company thus giving an advantage to other competitors.
But the predictive maintenance of Artificial intelligence allows the user to predict the failure of any equipment before its occurrence. This helps the organization to create a backup or to have something as an alternative. As per research, the integration of AI-enabled with IoT not only reduces the maintenance cost but has also improved machine performance.
Just like low-cost sensors, mobile phones and high-end computers are some other devices from a wide range of Io devices. The low-cost sensor gadgets are prevalent most among the IoT ecosystem since they help to generate a multitude of data. And enabling AI with it, you can analyze and summarize your data. It means AI integration with IoT devices helps to compress large data into manageable sizes thus providing enough space for the other device to connect.
Improve Operational Efficiency
AI helps to discover patterns in the streams of IoT-collected data that will otherwise have remained unnoticed. In addition to this, AI conjugation with machine learning helps forecast operational circumstances. It also helps to identify the factors that need revision to get optimized results.
It means both AI and IoT provide the management with an insight into redundancies and wastage. Both technologies help management to take decisions regarding irrelevant and resource-consuming tasks that are no more productive.
In addition to this, machine learning also helps them to surface those activities which on further improvement will help to organization flourish and gain efficiency.
Helps Get Client Satisfaction
Customer satisfaction is all a business strives for since it is the one that provides a return on its performance. Many of the leading businesses such as Amamzon.com has gained enough market value because customer satisfaction is all they have strived for.
Previously, the customer needs were not being fulfilled because of various constraints which include language barriers, or time limitations. But now with the merge of Artificial intelligence and IoT, it is no more a limitation. The addition of Artificial intelligence has created a customized data repository for each user enabling their needs to be fulfilled with no effort.
Frequently Asked Questions
Is Ai and IoT the same?
No, these terms are closely linked since they both work at the same principle i.e., they want to synergize human activities using machine learning and with minimum human interventions.
What is the difference between IoT and AI?
Artificial intelligence (AI) focuses on giving computers an intelligence feature to make them as clever and intelligent as men. Whereas, the goal of the Internet of Things (IoT) is to unite all electronic gadgets into a single, interconnected network.
How AI and IoT are Changing daily Operations in hospitals?
In consumer health applications, artificial intelligence (AI) and the Internet of Medical Things (IoMT) are already helping people. They can lessen the administrative load on clinical staff when they cooperate. Medical officers will also be able to spend more time with patients because of improved clinical workflows, leading to a more patient-centric approach to healthcare service delivery.
What is the best free AI art generator?
As per our preference, we consider DALL-E-2 the best AI art generator. It works great for both professionals and amateurs. According to OpenAI, the tool can be used to create illustrations, design products, and generate new ideas for business
Will AI replace humans?
In all seriousness, we prefer the term “augmented intelligence” to “artificial intelligence” because it refers to technology that improves people. Researchers may one day create general intelligence that will supplant humans, but that day is neither now nor tomorrow. Until then, AI can help people feel more powerful by igniting their creativity and automating menial tasks. Those who reject machine learning fail to recognize the importance of repetition in human work and the creative process, including art and programming.