The Internet of Things has been around for a while, but what exactly is it?
Basically, it’s tied in with broadening the intensity of the Web past PCs and cell phones to an entire scope of different gadgets, cycles, and situations. Anyway, what’s the benefit of interfacing AI to a gadget? Indeed, consider your cell phone before it becomes ‘shrewd’. It worked fine, however today you can likewise utilize it to browse the net, watch motion pictures, read e-books, share photographs with family. Furthermore, obviously, make calls, settle on decisions and send texts.
Imagine extending the same power to multitudes of devices in your homes, offices, complexes and the world outside? The possibilities are immense and even increasing everyday.
While the capability of IoT is as yet being disentangled, and some may state that it hasn’t started to expose what’s underneath yet, what is currently quickening its development are the other newcomers.
The IoT devices generate and communicate a huge amount of data on a daily basis – 1 billion GB of data at some estimates. By 2025, they are projected to be 42 billion IoT devices globally! It naturally follows that we are going to see an explosion in the amount of data being generated, communicated, analysed and interpreted.
Thus, the growth in IoT will be powered by:
● AI (Artificial Intelligence), which is the ability for computers and devices to perform tasks normally associated with human intelligence, such as visual perception, speech recognition, decision-making, and translation between languages,
● 5G Networks or fifth generation mobile networks with high-speed, near-zero lag for real time data processing,
● Big Data, or computational analysis of enormous volumes of data processed from numerous internet-connected sources.
Put together, these interconnected devices will completely transform the way we interact with them at home and work, creating the Artificial Intelligence of Things in the process. Where will AIoT impact us the most?
- Smart Wearables: Gadgets like Fitbits have been pioneers in this section, consistently following our exercises for wellbeing and wellness. With the coming of smartwatches from Apple, Samsung and other standard cell phone players, a huge amount of information is being produced, which can have effective applications for medicinal services, yet additionally for instalments, individual wellbeing, protection and others.
Presently added to the blend new wearables, for example, VR/AR goggles at reasonable costs and there’s a blast of potential outcomes. Tech goliaths like Amazon, Google, Apple are pursuing this thought, which tomorrow might be the manner in which we may devour the Web, explore, answer messages and settle on decisions. Expect the virtual walkthrough of lofts and vehicles marked down to turn out to be preferred and all the more genuine over ever previously. What next? Kindling setting up virtual dates in virtual cafés utilizing VR goggles in the fallout of COVID. Gartner estimates the global wearable device market to be more than $87 billion in revenue by 2023. Insane!
- Smart Homes: Having a virtual assistant at your beck and call is no longer the preserve of sci-fi movies and serials such as Star Trek. In 2020, millions of homes already have an Alexa or an Echo ready to change the music or lighting at your bidding. And, of course, there’s Siri and Ok Google on your mobiles too.
- Smart City: Despite what the naysayers say about the future of the cities on the back of the pandemic, people will continue to flock to them in pursuit of better livelihood and opportunities. The city of the future is going to get smart too with investments going towards improving public safety, transport, and energy efficiency.
- Smart Industry: Your workplace is not going to be left behind; some of the earliest implementations of digital transformation have happened on the shop-floor to improve efficiency, safety and reduce human error. From real-time data analytics to supply-chain sensors, smart devices help prevent costly errors in industry.
Gartner estimates that over 80% of enterprise IoT projects will incorporate AI by 2022 which is probably not surprising, given the sophistication of some of the latest AI tools, accompanied by their rapid commoditization in terms of costs.
Of course, the advent of AIoT will also lead to debates around privacy, confidentiality, exposure to cyber-threats and last, but not the least, ethics. Yet, whichever way we look at it, the future is upon us. And it is different!