Why is Artificial Intelligence Required for IoT?
As we enter 2024, there are more than 15.14 billion active IoT devices. This number is predicted to reach 29.42 billion by 2030. All these IoT devices generate a lot of data that needs to be collected and mined for actionable results. This is where Artificial Intelligence comes into the picture. Internet of Things is used to collect and handle the huge amount of data that is required by the Artificial Intelligence algorithms. In turn, these algorithms convert the data into useful actionable results that can be implemented by the IoT devices.
This can be best summed in the words of Maciej Kranz, Vice President of Corporate Strategic Innovation at Cisco. “Without AI-powered analytics, IoT devices and the data they produce throughout the network would have limited value. Similarly, AI systems would struggle to be relevant in business settings without the IoT-generated data pouring in. However, the powerful combination of AI and IoT can transform industries and help them make more intelligent decisions from the explosive growth of data every day. IoT is like the body, and AI the brains, which together can create new value propositions, business models, revenue streams and services.”
The Role of Artificial Intelligence in Internet of Things
Imagine a smart future! A future where machines are not merely dumb devices but intelligent creations that can work in tandem with human beings. A future that looks remarkably like the robotic utopia in I, Robot (Well, except for the homicidal robots!). This future is not merely an imagination but a natural consequence of the two most dynamic technologies of today – Artificial Intelligence and the Internet of Things.
Now the question arises…What is Artificial Intelligence and the Internet of Things?
Well, Artificial Intelligence deals with the creation of systems that can learn to emulate human tasks using their prior experience and without any manual intervention (Basically Intelligent Systems!). Internet of Things, on the other hand, is a network of various devices that are connected over the internet and they can collect and exchange data with each other.