Understanding the Internet of Things / IoT in the Real World
In addition to the consumer benefits of IoT devices, they are becoming ever more critical in the world of business. With these devices, companies and individuals perform specific actions based on the information provided.
An example of an IoT device includes a smart fridge – here, the device (the refrigerator) is aware of what supplies it has.
It also provides a shopping list of preferred supplies and can scan and determine when these supplies need to be replaced. They have the capability to order replacement inventory, speeding up time, and simplifying life. However, this example only touches the tip of the iceberg with regards to what IoT devices can do.
How the Internet of Things / IoT Works in the World of AI
IoT devices are continuing to improve, and the brains behind many of these improvements are AI. Many IoT vendors now offer integrated AI and machine learning (ML) capabilities with their products. The benefit of this integration is that patterns and anomalies are identified at the source almost 20 times sooner. These patterns could be simple, like temperature and pressure variations, or more complex.
This partnership of AI and IoT has coined the creation of a new phrase – AIoT or the Artificial Intelligence of Things. In this context, AI functions as the brains of the system, while the IoT sensors act as a digital nervous system. These “smart” devices can make companies and individuals significantly more efficient and effective. With their ability to learn and also act on patterns in data, they can make decisions without human intervention.
AIoT could be used in retail to provide an improved shopping experience based on demographics, or within smart cities to help improve traffic congestion. In addition, AIoT has been used to improve fleet management as well as the management of office building environments. However, AIoT’s full potential is still unexplored as, at the current time, data speeds are still a limitation.