How Artificial Intelligence will enable the full promise of the Internet-of-Things
The upcoming disruptions from AI and IoT.
Businesses across the world are rapidly
leveraging the Internet-of-Things to create new networks of products and services, that are opening up new business opportunities and creating new business models. The resulting transformation is ushering in a new era of how companies run their operations and engage with customers.
However, tapping into the IoT is only part of the story. For companies to realise the full potential of IoT enablement, they need to combine IoT with rapidly-advancing Artificial Intelligence (AI) technologies, which enable ‘smart machines’ to simulate
intelligent behaviour and make well-informed decisions with little or no human intervention.
Over the coming years, ongoing advances in AI will have profound impacts on jobs, skills and HR strategies in virtually every industry—underlining the fact that companies don’t have the luxury of time as they map out their plans for an AI-enabled
world. Already, integrating AI into IoT
networks is becoming a prerequisite for success in today’s IoT-based digital ecosystems. So businesses must move rapidly to identify how they’ll drive value from combining AI and IoT—or face playing catch-up in years to come.
Artificial Intelligence: A disruptive
technology on a par with the PC.
In a recent thought leadership paper¹, we described why the advent of the Industrial Internet of Things (IIoT) is a once-in-a-lifetime business disruption one that requires organisations to develop or acquire new capabilities in managing direct relationships with customers, supported
by transformed operating and business models. But realising the promise of the IoT also requires something else. To achieve its full potential, the IoT needs to be combined with an equally powerful and disruptive set of technologies categorised as Artificial Intelligence (AI).
The exponential growth of the IoT is well-known, as underlined by the projections in the accompanying information panel. However, less widely appreciated is the profound impact that AI will have on every aspect of our personal and working lives—an impact that will be magnified and multiplied by its combination with the IoT.
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Businesses across the world are rapidly
leveraging the Internet-of-Things to create new networks of products and services, that are opening up new business opportunities and creating new business models. The resulting transformation is ushering in a new era of how companies run their operations and engage with customers.
However, tapping into the IoT is only part of the story. For companies to realise the full potential of IoT enablement, they need to combine IoT with rapidly-advancing Artificial Intelligence (AI) technologies, which enable ‘smart machines’ to simulate
intelligent behaviour and make well-informed decisions with little or no human intervention.
Over the coming years, ongoing advances in AI will have profound impacts on jobs, skills and HR strategies in virtually every industry—underlining the fact that companies don’t have the luxury of time as they map out their plans for an AI-enabled
world. Already, integrating AI into IoT
networks is becoming a prerequisite for success in today’s IoT-based digital ecosystems. So businesses must move rapidly to identify how they’ll drive value from combining AI and IoT—or face playing catch-up in years to come.
Artificial Intelligence: A disruptive
technology on a par with the PC.
In a recent thought leadership paper¹, we described why the advent of the Industrial Internet of Things (IIoT) is a once-in-a-lifetime business disruption one that requires organisations to develop or acquire new capabilities in managing direct relationships with customers, supported
by transformed operating and business models. But realising the promise of the IoT also requires something else. To achieve its full potential, the IoT needs to be combined with an equally powerful and disruptive set of technologies categorised as Artificial Intelligence (AI).
The exponential growth of the IoT is well-known, as underlined by the projections in the accompanying information panel. However, less widely appreciated is the profound impact that AI will have on every aspect of our personal and working lives—an impact that will be magnified and multiplied by its combination with the IoT.
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Comment your view that makes better inprovement for upcoming articles.
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