New gadgets, gizmos, and devices are constantly hitting the market,
promising to make our lives easier, more fun, or simply more hassle-free. Increasingly, manufacturers are leveraging cutting-edge technology trends such as artificial intelligence (AI) and the Internet of Things (IoT) to create gadgets that are smarter and more easily integrated into our lives.
Artificial intelligence is beginning to play a more significant role in many IoT ecosystems, and some experts are now calling those networks AIoT (artificial intelligence of technology). An IoT ecosystem consists of sensors on one end (i.e., embedded in things) connected by the Internet to an analytics platform at the other end.
Many companies started using AI to unleash the full potential of IoT. Among them, leading companies like Amazon, Oracle, and Microsoft have already consolidated AI capabilities into their IoT applications to bring more agility into their business drive. Indeed, AI and IoT are now more practical and are used at almost every technological juncture, i.e., online businesses, online tools, open-source APIs, robotics, healthcare, in the cloud, and on your mobile device. There are four areas where the combination of AI and the IoT is having a significant impact. They are:
Wearables:
Wearable technology includes any connected device designed to be worn throughout the day. From smartwatches, fitness trackers, and safety devices to smart eyeglasses, this technology provides us with the ability to monitor our fitness levels, track our location with GPS, and view text messages more quickly. Best of all, most of the devices that allow us to do this are hands-free and portable, eliminating the need to take our devices out of our pockets. In just a few short years, wearable technology has gone from being nonexistent to being everywhere. Because of this sudden spike in popularity, wearables can change our lives and society for better or worse.
Smart City:
Despite recent pushback against some smart city initiatives, cities are becoming more and more convenient. With IoT and AI, traffic management, resource management, and many other things will become automated. This will take a load off the government and they will be able to make better policies.
Smart Industries:
The smart industries movement, often referred to as Industry 4.0, is aimed at bringing Industrial Age organizations into the Digital Age. All industries, from mining to manufacturing, are relying on digital transformation.
Smart Home:
Most people are familiar with smart doorbells, smart thermostats, smart security systems, smart lighting, and systems like Amazon’s Echo. It is expected that the smart home market will see an annual growth of 25% during 2020-2025 and will reach $246 billion.
In conclusion, integrating AI and IoT is reshaping how we live and interact with technology. From wearable devices to smart cities, industries, and homes, these advancements promise to make our lives more efficient and connected. As we navigate this transformative era, the positive impacts and potential challenges associated with these cutting-edge technologies should be considered for future developments.
