We are seeing it every day – the world around us is marching toward hyper-connectivity. Artificial Intelligence enabled Internet of Things (AI+IoT) applications are at the forefront of this transformation. It started with the explosion of data generated by IoT applications which demanded more advanced technology to maximise organisational impact. This is where Artificial Intelligence (AI) comes into play. AI+IoT is revolutionising nearly every industry imaginable. While we are witnessing the profound impact today, AI+IoT has only just begun.
Companies that have implemented fulsome IoT platforms report previously unseen business insights resulting in dramatic increases in operational efficiency and effectiveness, as well as vast improvements in safety, customer engagement and decision making. However, the growing use of IoT applications has resulted in massive amounts of data. Dealing with this data requires enormous amounts of resources and AI is purpose built for digesting these “oceans” of data and creating action. AI+IoT is making faster decisions, enhancing customer experiences, improving healthcare outcomes, enabling more personalised, targeted advertising, optimising supply chains, prolonging the useful life of expensive production equipment, devising the most efficient delivery routes…the list is endless. As AI+IoT continues to deploy and evolve, the possibilities for what it can achieve are expansive and the impact on our world is practically limitless.
