IOT NEWS

Industrial IoT News

Industrial IoT Home

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
Get stories like this delivered straight to your inbox. [Free eNews Subscription]

Editorial Director

SHARE THIS ARTICLE
Related Articles

Turning Labor Shortages into Competitive Advantages: Fox Robotics' FoxBots Surpass 2.5 Million Total Pallet Pulls

By: Alex Passett    2/8/2024

Fox Robotics has officially surpassed more than 2.5 million pallet pulls with its "industry-first" FoxBot autonomous trailer loaders/unloaders.

Read More

Ceva's RivieraWaves Wi-Fi 7 IP Platform Makes Waves in Next-Gen IIoT

By: Alex Passett    1/31/2024

Ceva's RivieraWaves Wi-Fi 7 IP platform, primed for the next generation of Wi-Fi Access Point and Station/Client products, offers a slew of reliable a…

Read More

From Data to Industry Action: How Digitization Can Majorly Reduce CO2 Emissions by 2030

By: Alex Passett    1/29/2024

Gecko Robotics and Rho Impact recently released data on CO2 emission reductions and how digitization and Industry 4.0 can bring about real environment…

Read More

Mouser Electronics and Panasonic Industrial Automation Sign a New Agreement to Benefit Design Engineers in IIoT

By: Alex Passett    1/15/2024

Mouser Electronics and Panasonic Industrial Automation have announced a new distribution agreement to further support IIoT projects that design engine…

Read More

Perfect Your IIoT Strategies at IoT Evolution Expo 2024, part of the ITEXPO #TECHSUPERSHOW

By: Alex Passett    1/15/2024

Explore what the future holds for Industrial Internet of Things (IIoT) innovators and their innovations at IoT Evolution Expo 2024, taking place from …

Read More