AI + IoT Applications Are Driving Hyper-Connectivity

Welcome to the latest edition of The IoT Pulse - an exclusive collection of opinions, insights, and commentary from industry experts on key topics and questions in the world of #IoT, #AI, and #DigitalTransformation. Be sure to hit subscribe today so you don’t miss out on future editions!

Today's edition of the IoT Pulse features insights from our Co-Creator, Ryan Chacon , on the increasingly powerful combination of Artificial Intelligence (AI) and the Internet of Things (IoT).

Ryan Chacon , Co-Creator of IoT For All and CMO at Leverege

As many have started to see, AIoT is the new hot acronym. But why? IoT enables companies to gather vast amounts of data from the physical world, but processing it creates its challenges. If we look back to last week’s edition of the IoT Pulse, Su Lyn Church explained that data from IoT solutions is only as useful as our ability to process and understand it. So this is where AI comes in.

AI has been used for years by many companies, but given its recent surge in popularity, the amount of understanding and available tools to utilize the power of AI are growing exponentially by the day. In the IoT space, AI is going to be the key to unlocking the true value of the data that IoT solutions are collecting, not only more quickly processing and analyzing data, but also making it useful and more actionable by companies across all industries.

It’s really the perfect marriage. IoT unlocks the ability to collect data from the physical world unlike anything we have seen before, and AI makes sense of that data generated by sensors. Analysts project that AIoT will reach a $91B market value by 2028, so needless to say, the future is very bright for AIoT.

We look forward to seeing how AI and IoT continue to work together to power solutions to improve decision-making, increase efficiency, and help with the bottom line.

1. Believe the Hype - 2023 AI + IoT Year in Review - study written by KPMG
2. Supply Chain Optimization with Integrated IoT Data - article written by Pathway
3. How AI Changes IoT - podcast featuring Chuck Byers of the Industry IoT Consortium? / Digital Twin Consortium?
4. The State of AI and IoT - podcast featuring Eric Conn of Leverege

Keep the conversation going! What do you think is next for AI+IoT? Let us know in the comments below.?

Curious about how you or your company’s experts can be featured? Reach out to me at [email protected] or connect with me on LinkedIn: Ryan Chacon

See you next week!