HomeARTIFICIAL INTELLIGENCEArtificial Intelligence Of Things: How IoT Systems Become Competitive

Artificial Intelligence Of Things: How IoT Systems Become Competitive

Artificial Intelligence Of Things: IoT systems alone are not enough to get the most out of it. That’s why companies need AI! Only then can specialists interpret this data and derive insights and forecasts. The solution that tech experts are currently seeing is Artificial Intelligence of Things.

What exactly is behind Artificial Intelligence of Things? It’s the combination of AI and IoT. IoT solutions are multi-level sensor devices that collect large amounts of data and send them to the cloud via wireless protocols. AI is a machine’s ability to interpret data and make intelligent predictions.

So in combination, AI and IoT are perfect. Because neither AI without IoT or IoT without AI makes sense: IoT data alone does not say anything, and AI always needs data to make predictions at all. 

Artificial Intelligence Of Things For Companies

Many companies are already relying on the functions of IoT solutions. With the help of AI, companies can gain additional insight into the data that is lost without AI. The existing IoT solutions are automatically improved.

How can internal processes accelerate, employee productivity increase, and the response to risks and failures? How can new digital services and innovations be optimised and costs reduced? IDC compared two groups of companies – the first used the AI ​​+ IoT combination, the second only IoT.

The Result: 

AIoT companies appear to be more competitive than IoT companies because it increases the likelihood of achieving these goals.

Artificial Intelligence Of Things Is Already Being Used

In theory, the combination of AI and IoT makes sense. But what about in practice? Here are two examples of companies that are already relying on AIoT:

Remote Patient Monitoring With Tyto Care

During the corona pandemic, more and more healthcare providers are turning to technology. They rely on remote monitoring systems to treat COVID-19 patients while reducing the risk of infection for medical staff.

One example is an AI-based solution from Tyto Care. It diagnoses patients based on the Tyto Care-AI and the mobile phone data. The unique AI algorithms detect swollen tonsils, sore throats and lung diseases. This allows doctors to make a diagnosis without touching the patient.

Improved Business Models at Rolls Royce

Rolls Royce is known as a car and turbine manufacturer. The company used to manufacture engines and then sell servicing services. If the engine failed, maintenance was due. For Rolls Royce, it was an additional business.

Today they have completely changed their business model: They sell an hourly rate for the operating time of the engines. Based on the motors’ IoT sensor data, they optimize the performance to have as little maintenance time as possible and intervene early so that the motors remain in operation for as long as possible. For the customer, this now means that he pays for exactly what he wants to pay for, namely the operating performance of an engine. 

AIoT Is The Future

One thing is obvious: companies will not ignore AIoT for long. A full-stack provider like Softeq has the right expertise to turn data-poor devices into data-rich machines and convert data into insights. That’s why companies need AI! Only then can specialists interpret this data and derive insights and forecasts. The solution that tech experts are currently seeing is Artificial Intelligence of Things.

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