In a world where business success depends largely on technological progress, organizations must keep up with the latest technology trends to stay ahead of the competition. This article discusses the role of two pivotal technologies that have been rapidly changing the way businesses are conducted today and will have an even greater influence in the future: Artificial Intelligence (AI) and the Internet of Things (IoT).
Artificial Intelligence is a disruptive technology like no other. The technology and applications are evolving at a rapid pace, as more and more companies take advantage of this exciting new field. The AI market is growing rapidly, with revenues expected to exceed $46 billion by 2025.
IoT & AI: How They Are Transforming the Business World
The future of the internet is in everything. IoT devices will be able to communicate with one another and the network through Artificial Intelligence, providing deeper insights into the data patterns and during the creation of a unique user experience. IoT platform tools for Artificial Intelligence incorporate AI analytics into their value proposition – Machine Learning is used to recognize patterns that can trigger an alert based on anomalies and utilize predictive analysis. Businesses are now using IoT devices, sensors, and data collection instruments to advance operational efficiency by 20X in comparison with conventional technology applications.