Accelerating Performance with the Artificial Intelligence of Things
equipped with dozens of sensors to
communicate their status. And much more.
This ecosystem of connected devices, people
and environments generates a torrent of
complex data. For instance, today’s cars and
trucks are like data centers on wheels,
equipped with sensors that can monitor
everything from tire pressure to engine
performance, component health, radio
volume, driver actions – even the presence
of obstacles or rain on the windshield. A
connected vehicle puts out around 25GB of
data per hour. 3 Autonomous, self-driving
vehicles may put out as much as 1GB of data
per second. 4
However, being connected and exchanging
masses of data is only the start to the IoT
story.
Crossing the Chasm to Collective Learning
A smart, connected device is made up of four
layers:
Transforming IoT Data into Business and
Operational Outcomes
Organizations that can capture IoT data and
transform it into insight using AI will see real
business value:
Cost reductions as AI optimizes
processes to reduce marginal
transaction costs.
Higher profitability – as much as a 38
percent lift by 2035, according to
Forbes. 5
Faster innovation life cycles, as AI
makes it easier for organizations to
start, scale and grow their
operations.
Better products and faster customer
service, such as bots powered by
speech recognition.
Faster time to market by reducing
complexity and enabling continual
experimentation.
Greater efficiency and productivity,
as AI makes complex decisions and
automates manual tasks.
3
Physical elements such as the
mechanical and electrical parts.
Smart elements such as sensors,
processors, storage and software.
Connectivity elements such as ports,
antennas and protocols.
Hunt, Gordon. How Much Data Does Your Car Collect? More Than
https://www.siliconrepublic.com/enterprise/data-privacy-connected-cars-infographic
You
Think.
Silicon
4
Mearian, Lucas. Self-driving cars could create 1GB of data a second. Computerworld. July
https://www.computerworld.com/article/2484219/self-driving-cars-could-create-1gb-of-data-a-second.html
5
Columbus,
Louis.
Artificial
Intelligence
Will
Enable
38%
Profit
Gains
by
2035.
https://www.forbes.com/sites/louiscolumbus/2017/06/22/artificial-intelligence-will-enable-38-profit-gains-by-2035/
IIC Journal of Innovation
- 34 -
Republic.
23,
2013
Forbes