Do you know if IoT is the digital nervous system then AI is the brain of that system? AI and IoT are two powerful technologies that have changed the way businesses operate. According to a report from Business Insider, there will be more than 64 billion IoT devices by 2025. Both these technologies are assisting businesses to engage more and more customers. We are already witnessing how AI chatbots are delivering personalized customer experience by responding to customer queries in real-time. Businesses are now using the power of both the technologies- AI and IoT to create intelligent machines that would stimulate smart behavior and support decision-making with no or little human interference. Let’s explore the power of AI and IoT in the business realm.
Understanding the Concept of AIoT: The Power of AI and IoT
The merging of two technologies Artificial Intelligence and the Internet of things refers to the concept of AIoT. IoT refers to things like refrigerators, sensors, wearable devices, and digital assistants that can be connected to the internet and can collect and process the data. On the other hand, AI is a technology that can complete a set of tasks based on this intelligent data collected by IoT sensors. The combination of these two next-gen technologies can drive efficiency and effectiveness to the business. Using the data collected via IoT sensors, AI systems can make better and more real-time decisions.
Application of AIoT
Face recognition technology can be used in a smart retail environment to identify customers when they enter through the door. The system gathers information about customers like gender, traffic flow, and product preferences. Business managers can analyze this data to predict customer behavior. In addition, the data can also be used to make real-time decisions about store operations including product placement.
Autonomous Delivery Robots
Autonomous delivery robots and autonomous vehicles describe the role of artificial intelligence in the Internet of Things. AI bots are equipped with sensors that gather real-time information about the surrounding environment, thus enabling bots to take real-time decisions.
The combined power of AI and IoT is also used in smart office buildings. Many enterprises have a network of smart environmental sensors installed in their buildings. These sensors have the ability to detect the presence of personnel and adjust lighting and temperature as per the requirement. Another real-life application is accessing the building via facial recognition technology. With the use of artificial intelligence and IoT, the photograph of a person taken in real-time can be compared to the photograph stored in the database. This way it can easily be identified who should be granted access to enter the building.
Fleet Management and Autonomous Vehicles
AI and IoT are used in fleet management to monitor fleet’s vehicles, track vehicle Maintainance, identify unsafe behavior, and reduce fuel costs. IoT devices like GPS along with AI systems enable businesses to manage their fleet efficiently.
The concept of AIoT is used with autonomous vehicles. For instance, Tesla’s autopilot systems use sonars, GPS, and cameras to gather data related to driving conditions, and then they use an AI system to make informed decisions based on the data collected.
AI and IoT will mark the beginning of a new era where ‘smart’ will just be a word and robotic utopia will be the reality. The combination of AI and IoT can transform businesses and enable them to make more intelligent decisions, create new value propositions, and drive revenue. In the near future, machines will not be dumb devices but intelligent creations that will work together with humans for business growth and productivity.
Aditi is a passionate blogger and content marketer who loves to pen down her thoughts and experiences. With more than 3 years of experience in content, she can write about vivid domains including entertainment, health, fashion, food, lifestyle, technology, travel. She is also a tech-savvy girl who loves to explore new technologies including Artificial Intelligence, Machine Learning, IoT, Big Data, and ERP.