Revolutionizing IoT Through AI: Why They’re Perfect Together
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The IoT global market revenue will reach approximately USD 1.1 trillion by 2025, predicts IDC.
IDC also says that the global IoT connections will rise with a 17 percent Compound Annual Growth Rate (CAGR) from 7 billion to 25 billion between the years 2017 to 2025.
Back in 2018, Sophia a humanoid robot performed a duet with Jimmy Fallon at his show. This performance left the audience awestruck. The entire world was spellbound of how Sophia (humanoid robot) could showcase human emotion while performing the song.
David Hanson, an American roboticist, who is the founder and Chief Executive Officer of Hanson Robotics, not only invented AI that could mirror human intelligence but also enabled it to show human emotion.
A major breakthrough in the technology world.
Well, this is just a teaser of what’s coming for us.
While we're here sitting in an era where science fiction is a popular genre of books has already engulfed how AI will be seen at the forefront – we’re already living in the future that’s beyond AI.
With leaps and bounds in the tech industry, AI holds a lot more in the technology world. Combining it with IoT has only further enhanced the usage of both the technologies. While IoT enables connecting two or more sensors, platforms, objects or networks to enable data transmission for several applications, AI offers the capability of analyzing the most critical information easily – providing valuable insights and making highly informed decisions.
This simply means that smart AI experts will get the opportunity to bring in new IoT-enabled solutions to life.
IoT is described as the network of physical objects. For instance, these can be “things” that can be embedded with technologies, software or sensors that further helps in connecting or the exchange of data with other devices or systems via the internet or vice versa.
Now, these devices could be a simple ordinary household object or even sophisticated industrial tools.
There are over 8.3 billion IoT devices connected today. The growth further projects to grow to 10 billion by next year (2020) and 22 billion in 2025.
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