adminToday businesses around the world are extracting the potential outcome by deploying IoT in their business operations. They use it to create new and optimized business possibilities. The firm growth of IoT in various industries is spectacular, whereas AI and its influence on a professional and personal level are considered undervalued. However, combining IoT with rapidly improving AI technologies can design ‘smart machines’ that stimulate intelligent behaviours to make a precise decision without any human interference. Thus, AI-IoT together minimizes chances of error and ensures efficiency along with productivity.
How does AI help in the IoT revolution?
Artificial Intelligence performs smart tasks such as language translation, decision making, voice recognition, etc. and IoT involves a series of interconnected gadgets to transport information over a network. IoT gadgets depend on web connectivity to deliver a fair amount of relevant information about users such as user behaviour, users’ preferences, personal details, etc. It is absolutely wrong to overlook them as they contribute to improving the operations and user experience. However, many organizations have no idea about saving and processing of massive amounts of data which ultimately hinders the growth and potency of IoT.
In this critical situation, AI work as saviour as it helps to store the bulk of data processed by the IoT devices. It analyses and produces a sense of it. Thus, we can conclude that AI is a chief driver which promises to contribute to the exceptional growth of IoT.
Enabling evolving profits for businesses
Earlier, the AI framework was taking care of limited categories of the task. They were not scalable and required human interference. However, advancement in technology has created a successful transformation of AI by involving it into IoT concept. The collaboration of AI with IoT has introduced smart machines which require the least human intervention. The integration of two evolving technology will bring a dramatic change in different industries. Four significant changes that will emerge in businesses after integration of AI & IoT are:
Improved revenue:
Integration of IoT with AI will be profitable for many industries and sectors in terms of generating significant revenues and returns. IoT data providers, IoT gadget, manufactures and companies offering application services based on smart sensors will also enjoy the profits gained by the togetherness of these two highly effective technologies.
Better Safety Standards:
Un-interrupted and regular monitoring allows a business to take prompt decisions to restrict any failure. Up-to-date monitoring improves overall protection and security standards while enhancing productivity. The strict monitoring over different operations even reduces the possibility of harm to lives and assets.
Decreased Expenses:
Assessing the appliances by smart detectors, the sensor installed domestic devices and smart electricity meters cut the extra operational costs in businesses or household works.
Improved user experience:
Smart sensors offer a plethora of opportunities to improve the user experience. These detectors catch the user’s preferences and provide them with options accordingly. For example, smart ac sets the temperature as per the user’s need.
Positive influence on different industries
1) Manufacturing Industry:
Manufacturing sectors like aircraft, automobiles, mining, household appliances, etc. sync smart sensors with their machinery to get future analyses and improve efficiency along with productivity. Industries are endeavouring to develop a wholly autonomous and advanced industrial unit. The installed sensors will assist enterprises in detecting the areas with looming threats, informing about the future maintenance requirement to ensure least machinery falls.
2) Smart Homes:
IoT has introduced advancement in homes too. Today, smart home concepts have taken up speed. Smart homes concept means a house where all the gadgets are connected through a shared network. Integrating IoT with AI will enable devices to interpret the owner’s instruction and make smart decisions, respectively.
A smart home consists of technologies that aim to make lives comfortable by allowing the owner to regulate the device remotely, regardless of where she/he is currently present. It even ensures better safety and security. For example, an owner can pre-plan the time at which he/she wants coffee, or when TV should turn on to watch their favourite show.
3) Body sensors:
Smart detectors have made the lives of patients and doctors easy. These smart devices sense different activities to maintain good health. Today, pharmaceutical companies are investing in medical sensors that can assist patients in keeping a track on their health. In the covid-19 situation, most of the hospitals are offering virtual consultations to their regular patients. Smart sensors are tracking the health of patients and sending health alerts to the doctors if any changes appear. This technology has allowed everyone to follow social distancing to minimize the chances of Covid spread.
For example, sensors evaluate blood pressure, blood sugar levels, etc. and send a notification if any changes occur.
4) Airlines:
Sensors have also become part of the aircraft to monitor the looming risks and errors and to assure safety before any mishap occurs. These smart sensors predict probable errors and calculate the degree of severity to decrease aircraft downtime and ensure safety. Airline companies also use sensors to detect the maintenance issues that typically cause flight delay and cancellations.
5) Oil Rigs:
Oil industries have to spend a fair amount on obtaining oil drilling machinery. Oil companies can use smart sensors to get a timely notification for servicing and reduce the operational cost. Sensors attached to the machines provide the information about the condition of devices and send the alert for maintenance or servicing before any damage happens to a machine.
Wrapping Up:
IoT and AI are technologies which seem to complete each other through one or another way. This deadly combination will change the outlook of many businesses and industries. It will even improve our personal and professional lives in a very positive way. Thus, undoubtedly this ultimate combination is highly beneficial as it will open up new opportunities for growth and innovations—the addition of AI in IoT concept can ease the business processes, improve productivity and provides enhanced user-experience.