IoT has seen steady adopted across the business world over the past decade. Businesses have been built or optimized using IoT devices and their data capabilities, ushering in a new era of business and consumer technology. Now the next wave is upon us as advances in AI and machine learning unleash the possibilities of IoT devices utilizing “artificial intelligence of things,” or AIoT. [1]

Figure 1. Overview of AI is changing IoT

Figure 1 shows the combination of AI and IoT is a one-of-a-kind duo, enabling route optimization for every user. Every smartphone or smart asset is now launched with a built-in GPS as an added convenience. So, route optimization is one of the main features that simplify supply chain processing during transit. The drivers can easily pick the smallest route to reduce fuel spending and deliver the product early at the same time. [4]

Benefits of AI Enabled IoT

IoT artificial intelligence leads to a broad range of benefits for companies and consumers like a proactive intervention, personalized experience, and intelligent automation.

1. Boosting Operational Efficiency

AI in IoT crunches the constant streams of data and detects the patterns not deceptive on simple gauges. In addition, machine learning coupled with AI can predict the operation conditions and detect the parameters to be modified to ensure ideal outcomes. Hence, intelligent IoT offers an insight into which processes are redundant and time-consuming, and which tasks can be fine-tuned to enhance efficiency.

2. Better Risks Management

Pairing AI with IoT helps businesses to understand as well as predict a broad range of risks and automate for the prompt response. Thereby, it allows them to better handle financial loss, employee safety, and cyber threats. [2]

3. Improved decision-making:

By collecting data from various sources and using AI to analyze it, businesses can gain insights they wouldn’t otherwise have. It can help businesses make more informed decisions, from product development to marketing.

4. Greater customization:

Businesses can create customized products and services tailored to their customers’ needs and preferences using data collected from IoT devices. This can lead to increased customer satisfaction and loyalty. [3]

References:

1. https://www.infoworld.com/article/3663017/how-ai-is-changing-iot.html
2. https://www.clariontech.com/blog/ai-and-iot-blended-what-it-is-and-why-it-matters
3. https://www.kdnuggets.com/2022/07/aiot-revolution-ai-iot-transforming-world.html
4. https://www.iiot-world.com/artificial-intelligence-ml/artificial-intelligence/how-iot-and-ai-are-transforming-logistics/

Cite this article:

Thanusri swetha J (2022), Overview of AI is changing IoT, Anatechmaz, pp.152