AI and IoT- Will the Marriage Work?

The fate of the furious, Rogue One- Stealing Data, The Dark Knight based on IoT, Metropolis, 200-A Space Odyssey, Blade Runner based on Artificial Intelligence and there are many more in the list.

Wondering, what is this all about? Well, these are a few of the names of the movies based on the concept of IoT and Artificial Intelligence. That concept has fascinated filmmakers, directors and did not spare even Scientists. Though, we tend to view these examples from the lens of science and something which is more based on a hypothetical situation.

But the reality is Artificial Intelligence and the Internet of Things is the mastermind behind the whole concept. And this remarkable relationship between these two things will be generating millions of dollars in the coming years. Meanwhile, the question remains: what is IoT and AI?

Let’s find the definition one by one before proceeding ahead:

Internet of Things

The simplest and easiest definition of IoT is giving internet connection to all the devices in order to make our daily work and chores easier and smarter. The device includes refrigerators, watches, speakers, televisions, and even automobiles. Hence, the concept does have the power to bring a great revolution in the coming year.

Basically, the technology will help users to improve and simplify their lives along with satisfying the basic needs like operating television, washing machine, etc. The key features of IoT include:

– Connectivity

– AI

– Sensors

– Active engagement

– Smart devices

Artificial Intelligence

Sometimes, in computer science, AI is also referred to as machine learning. Intelligence that is demonstrated by the machines, a simulation of human intelligence is processed by machines, especially computer systems.

Some of the activities computers with artificial intelligence are designed for-

– Learning

– Solving everyday problems

– Planning

– Speech recognition

– Knowledge

– Ability to manipulate and move objects

In short, the Internet of Things is all about connecting machines and using the data generated from those machines whereas Artificial Intelligence is about simulating intelligent behaviour in kinds of machines. And together they have given birth to many things like-

– Machine intelligence

– Decrease in downtime

– Work efficiency

– Enhancement in product and services

– Improvement in risk management

– Advanced architectural  construction and many more things,

But why do we really need these technologies?

According to Deloitte, the acquisition of both AI and IoT startups already established themselves in the market in 2017 and there are higher possibilities that the concept is going to hit the market with record numbers.

This is the reason, AI is becoming a perfect solution to manage and organize multiple connected IoT elements. Because IoT based smart systems generate a large amount of data that cannot be processed by traditional data processing applications or algorithms. Here AI methods play a significant role apart from working in the various domains which include business monitoring, healthcare applications, research, social network analysis, and many more things. Hence, many companies are applying the same concept in their everyday operations.

Earlier, things which were impossible to imagine or done now can be seen transforming the whole procedure of doing things with ease. With the advent of technology and techniques, doing things is like eating a piece of cake, easy and tasty. This is the reason, be it reminding users regarding that they need to buy milk, salt, pepper, payment of bills, etc, is now live. But the soul behind the whole concept is Artificial intelligence.

Assembling the whole piece, it seems it is essential to know why you should invest in AI application development. Since the essence of IoT devices is to gather data along with making use of it and placing data obtained from physical devices through machine learning allows us to expand upon those processes.

Let’s figure out the benefits of both IoT and AI to understand their potential-

–  Analysis and maintenance- The first and foremost benefit of both of these technologies is predictive analysis and maintenance. Predictive analytics basically refers to an analysis of prior data and based on the outcome, it predicts the possible future events and possibilities.

And it will not be wrong that both AI and IoT are the soul of predictive maintenance. And many enterprises have accepted the idea. Shipping companies can also use predictive analysis to check and analyze their data in order to avoid possible failures in the future.

–  Advanced and innovative- There is no denying that IoT based applications and deployments are influenced by Artificial Intelligence. The growth of AI lies in its capacity to fetch the insight of the information.

This is the reason, IoT platform applications provide machine learning in order to establish analytics which is again the part of the AI. AI does have the potential and capability to predict operation requirements for the businesses many times faster.

–  Accuracy- Analyzing data is a tedious and laborious task as human brains are limited to perform certain tasks at a limited rate. Hence, if the load of the works increases, there are higher chances of human error.

To rescue firms and enterprises from such situations, IoT is breaking down the quantities of data coming and going through devices. And the driving force behind the whole procedure is machine and software. This is the reason, the whole process can be accurately done without the intervention of human and the outcome will be error-free along with improved accuracy rates.

For instance- ATM transactions, online payments, e-commerce transactions are prone to fraud and other fraudulent activities. Hence, if the power of IoT and Artificial Intelligence is combined together, potential frauds can be detected and also can be taken into account in advance. And the whole of the strategy will result in no loss of money.

–  Operational activities- Artificial Intelligence does have the potential to increase the operational efficiency of the business. How? Well, combining the in-depth insights which were obtained through the AI can be used to improve the overall business process from the very basic level. And the whole process will help in operation efficiency along with decreased costs.

Meanwhile, the company working on a big scale which generally includes aeroplanes, ships, the insights generated from the AI can help them in order to modify their processes, along with improving equipment settings and inventory. Not just that, the insight will also help in decreasing the extra cost.

–   Customer satisfaction- No matter how advanced your service is, customer satisfaction is the most important factor. Companies like Amazon are on the list who has kept their customers’ priority before anything else.

But, most of the time, due to the language barrier, zone difference, and other issues, customer satisfaction becomes zero. Hence, in order to improve customer satisfaction, various companies are introducing chatbots to offer customers personalized experience along with solving their queries easily and effectively.

–  Smart devices- Everything is smart today, be it smart TV, smart watches, smart security system, and many more things. Meanwhile, we are also equipped with intelligent and smart vacuum cleaners, lighting systems and many more.

It seems all of these devices are the great blessing of AI, that is why AI is making life even more comfortable and easier. Not just comfort, AI systems can also detect the mood along with analyzing the interaction with home objects and also adjusting the temperature accordingly.

With every passing day, AI and IoT are proving their worth and intelligence with better examples and procedures of doing things.

By analyzing the data and writing, it is quite evident that AI and IoT both require each other and in the coming year, the marriage between them will get legalized badge. Till now, the technologies are quite beneficial in many domains. These domains are-

– Healthcare

– Travel and leisure

– Logistics and transportation

– Retails

– Security

– Surveillance

– Last but not least, home

Also, everything carries two sides, the same is the story of AI in IoT, there are a few of the challenges being faced by AI. let’s figure them out:

– – Complexity- No doubt, the IoT is a complicated system as it includes many things, features along with the incessant flow of data. And the amalgamation of these things makes the process quite complicated and complex apart from making a complicated ecosystem.

– – Legal and ethical issues- There are many companies coming up with different ideas in today’s cut-throat competition. Moreover, it also constitutes a territory that was not tested earlier with new guidelines and laws.

– – Compatibility- There is no denying that the whole concept of IoT is a compilation of many parts, elements, and systems that are different in terms of time and space.

Conclusion

Winding up the whole content does not mean that the horizon of both IoT and AI is limited. There are so many things attached to the same thread which will slowly and gradually be discovered.

While the IoT is impressive but it is nothing without the power and technique of Artificial Intelligence. In order to remain compatible with each other, the same level of development to function is also required. Due to the power of these two technologies, companies are also routing towards them in order to gain value in the market.

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Author Bio:

Priyanka Juyal is the content writer with Mobile Application Development Company writing about the various genres of mobile development and technologies related to the same. Through her knowledge, skill, wit, and understanding, she focuses more on delivering the content in a simplified and easiest way. Her priority is to cover up new technologies and techniques for her audience. When not writing about techs and technology, you will find her writing poems, sketching, drawing, playing the guitar and touring in the valleys of Uttarakhand.

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