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New Study Identifies the Power of Merging AI and IoT

By Ken Briodagh
August 19, 2019

Data Analytics firm Research and Markets has released a new study, entitled “Digital Transformation 2019: 5G, AI, Big Data Analytics, Blockchain, Cloud and Mobile Edge Computing, Connected and Wearable Devices, Cybersecurity, Digital Twins and Teleoperation, IoT, Robotics, Smart Cities, and Virtual Reality,” which evaluates key technologies involved in digital transformation including AI, Big Data Analytics, Edge Computing, and IoT.

The report says that these technologies will all be germane to the evolution of many areas important to enterprise and industrial organizations including internal and external processes, products and services, virtualization, and OSS/BSS.

These issues are also the theme of the upcoming IoT Evolution Expo 2020: The Thinking IoT Arrives, which will take place in Ft. Lauderdale from February 11 to 14, 2020. Click here to survey the AI and Intelligence-rich agenda and get registered now.

The enterprise and industrial sectors are rapidly digitizing products and services, the report finds, including software-controlled and virtualized infrastructure and leveraging next-generation connectivity, signaling, and automated decision-making algorithms. This will have a profound effect on both overall strategic positioning and day to day tactical operations. New technologies and tools are being rapidly integrated into production and service systems, which are facilitating the transformation of processes, creating new business opportunities, and enabling an overall smarter workplace for humans and machines alike.

Artificial Intelligence (AI) algorithms enhance the ability for big data analytics and IoT platforms to provide value many market segments, according to the report. The author credits the combination of AI and the Internet of Things (IoT) with dramatically accelerating the benefits of digital transformation for consumer, enterprise, industrial, and government market segments. The author also sees the Artificial Intelligence of Things (AIoT) as transformational for both technologies as AI adds value to IoT through machine learning and decision making and IoT adds value to AI through connectivity and data exchange.

AIoT solutions will accelerate the benefits of digital transformation for consumer, enterprise, industrial, and government market segments. The use of AI for decision making in IoT and data analytics will be crucial for efficient and effective smart city solutions in terms of decision making. 5G provides substantial bandwidth where needed as well as significantly lower latency for next-generation applications and services such as virtual reality controlled teleoperation and other enhanced user interfaces.

The research provides a view into the ecosystem including companies, strategies, and solutions for each technical domain as well as cross-domain implementation and operations. The research provides forecasts by application and service, use case, and industry vertical.




Edited by Ken Briodagh

Editorial Director

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