More and more organizations are leaning into AI and IoT implementation to help their businesses thrive and adapt to the evolving IT landscape. Advancements in AI are helping enhance the capabilities of IoT applications, making them more intelligent and efficient.
This new era of AI and IoT has transformed interactions with our IT environments and allows organizations to more efficiently harness data. In addition to boosting IoT device capabilities, AI can help boost security in IoT devices and enhance user experience.
Recently, a study by Kaspersky found that more than 50% of surveyed companies have implemented AI and IoT into their business infrastructures. Furthermore, 33% of businesses surveyed are also planning to adopt AI and IoT technologies within the next two years.
Opportunities for interconnected technologies
IoT generates a massive amount of data from sensors and devices and AI excels at analyzing large volumes of data. AI can also process data in real-time to extract valuable insights and patterns as well as make predictions. Merging these two technologies at the edge will only made them both more effective in their capabilities.
Various industries are already seeing the benefits of AI in IoT such as the healthcare industry, where AI can analyze patient data from wearable IoT devices to detect early signs of health issues. The healthcare industry has also embraced AI-enabled chatbots for handling patient queries. Organizations like HCLTech have helped healthcare companies develop AI-powered chatbots to engage with patients effectively.
Additionally, the manufacturing industry can utilize AI to analyze sensor data from machinery to predict equipment failures, which can help companies with proactive maintenance.
Consumer-facing technologies have also seen the impacts of AI-enabled IoT devices from companies. Self-service equipment, such as ATMs and smart appliances, have improved their user experience with the help of AI.
Benefits of utilizing AI in IoT devices and apps
The introduction of AI into IoT applications and devices has seen many benefits that help customers and businesses. Among those benefits include improved user experience, improved security measures, enhanced efficiency, improved risk management and improved business analysis.
On the user experience front, AI can help deliver personalized options and recommendations by analyzing user data and usage patterns, AI-based voice recognition can help users interact with self-service equipment and predictive maintenance can reduce downtime and inconvenience to users.
The integration of AI into IoT devices enhances efficiency in self-service equipment that can minimize wait times to optimize processes, improve self-service checkouts to help customers seamlessly pay for products and improve inventory management to track product levels and ensure customers have access to what they need.
IoT devices are often vulnerable to cyberattacks, too, but AI can help protect these devices from threats. AI-enabled IoT platforms can provide effective solutions to protect sensitive data or information. In risk management, AI-enabled IoT can assist with managing personnel safety and financial losses.
Future of AI-enabled IoT
Going forward, the combination of AI and IoT will help organizations achieve better decision-making and connect with their consumers more effectively. The IoT Analytics State of IoT Spring 2023 report forecasts about 29 billion IoT connections by 2027.
This blend of IoT and AI can have positive effects for the future of industries, including making operations more scalable, reducing unforeseen downtime and saving money. As AI platforms continue to improve, IoT improvements will follow.
Along with providing organizations with the tools to develop AI-enabled chatbots, technology giants like HCLTech are working to accelerate time-to-value in the software development and engineering lifecycle. Recently, HCLTech launched an innovative GenAI platform, AI Force, aimed at accelerating time-to-value by transforming the software development and engineering lifecycle, delivering greater productivity and improving quality and faster release times.
Investments into AI and IoT will continue to grow in the future and organizations capitalizing on these investments are positioned best to adapt to the increasingly connected landscape. As AI improves, the contributions it makes to IoT devices will greatly expand.
