Accelerating Performance with the Artificial Intelligence of Things
The Impressive Growth of Connected Things
AI + I O T – A S UPERHUMAN
A CCELERATOR OF B USINESS
P ERFORMANCE
In 1982, a modified Coke machine at
Carnegie Mellon University became the first
connected smart appliance, able to report its
inventory and whether newly stocked drinks
were cold. 1 Fast forward a few decades, and
we are living in a world where there are
more connected things than humans.
Business Insider Intelligence projects that
there will be more than 55 billion IoT devices
by 2025, up from about 9 billion in 2017. 2
Some technologies are inevitably bound
together. Artificial intelligence (AI) and the
Internet of Things (IoT) are a perfect
example of two technologies that
complement one another and should be
tightly connected.
In the fast-growing world of IoT, which
connects and shares data across a vast
network
of
devices
or
“things,”
organizations win with analytics. For its
ability to make rapid decisions and uncover
deep insights as it “learns” from massive
volumes of IoT data, AI is an essential
discipline within analytics for any
organization that wants to expand the value
of IoT.
The rapidly expanding IoT extends
connectivity and data exchange across a vast
network of portable devices, home
appliances,
vehicles,
manufacturing
equipment and other things embedded with
electronics, software, sensors, actuators and
connectivity. From consumer wearable
devices to industrial machines and heavy
machineries, these connected things can
signal their environment, be remotely
monitored and controlled – and increasingly,
make decisions and take actions on their
own.
This paper explores how AI and IoT analytics
(that is, the artificial intelligence of things, or
AIoT) work together to create new value for
organizations across a broad spectrum of
industries – from manufacturers and
retailers to energy, smart cities, health care
and beyond.
IoT is everywhere. It is a home automation
system that detects changing conditions and
adjusts the thermostat or lighting. It is
production
equipment
that
alerts
maintenance technicians to an impending
failure. Or an in-vehicle navigation system
that detects your speech recognition to
interpret commands. Commercial fleets
1
Browning, Daniel. IOT Started with a Vending Machine. Machine
https://www.machinedesign.com/industrial-automation/iot-started-vending-machine
Design.
July
25,
2018
2
Newman, Peter. IoT Report: How Internet of Things Technology Is Now Reaching Mainstream Companies and Consumers.
Business Insider. July 27, 2018. https://www.businessinsider.com/internet-of-things-report
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June 2019