Companies and startups, whether selling products or services, are actively trying to adapt to new technologies. Machine learning, artificial intelligence, and the Internet of Things (IoT) have brought about a revolution. A basic consultation with any provider of mobile app development services in USA is incomplete without delving into these technologies and how they can help a product or a service.
According to a report by McKinsey, while 51 percent of companies are planning to increase their investment into artificial intelligence in the coming years, 47 percent of companies have already leveraged at least one AI application into their business operations.
This blog attempts to deep dive into how artificial intelligence and the Internet of Things are actively transforming businesses in 2021 and beyond from our perspective. Who are we? AryaUSA is one of the top providers of mobile app development services in USA and you can check out our AI and IoT solutions in USA here.
Big Data and Artificial Intelligence
While we've been seeing the roll-out of internet-connected devices like wearable, smart fridges, smart televisions, and smart cars like Tesla, this decade will be a seminal one for the growth of artificial intelligence, the Internet of Things, and machine learning.
So, how does artificial intelligence play out?
The basic idea of AI is simple but its execution is complicated. First, the AI algorithm gathers facts about a situation through sensors or human input. The computer compares this information to stored data and decides what the information signifies. The computer runs through various possible actions and predicts which action will be most successful based on the collected information.
Artificial intelligence will provide us with more "mobile moments", where we whip out our mobile device to get what we want, wherever we are, within a context.
Let’s understand AI & IoT concerning a few business segments.
Domestic IoT
The interplay between IoT gadgets, mobile devices, and AI has implications in the home, a leading domain of the IoT industry. Smart home applications like temperature control, lighting, and smart TVs are commonplace but the central hub connecting them is becoming increasingly intelligent courtesy of virtual assistants.
As any provider of mobile app development services in USA will confirm, voice-activated assistants are set to be a major development in domestic spaces. Amazon Alexa and Google Home are examples of interfaces that connect disparate gadgets and services into a single interface. Smart IoT devices that, for example, will be able to tell you how much milk is in the fridge aren’t far away.
Industrial IoT
Although IoT lends itself to talk about consumer products, the biggest drive over the next year or two is likely to be industrial automation.
Things like smart lighting are rolling out in increasing volume across cities, enabling energy savings from controlling lighting and maintenance savings from scheduling replacement bulbs as needed. These platforms are then sometimes providing information such as smart parking.
Smart agriculture is taking off, especially in tracking and monitoring animals. Monitoring of remote assets from electricity meters to train tracks is also growing. These applications tend to lead because there's a clear business case for their deployment, normally predicated on cost-savings that can be delivered.
It's also offering the opportunity to better monitor machinery, with sensors providing real-time insight into problems, progress, or emerging maintenance issues.
Business IoT
The world of business is rapidly embracing IoT, from smart offices that seamlessly connect employees to tracking the manufacturing process and implementing ever simpler payment solutions.
Increasingly, smartphones and wearables will become a priority payment option and that's occurring via proximity payments, mobile PoS, and mobile peer-to-peer payment apps.
But, as we have experienced in our business ecosystem as one of the top-notch providers of mobile app development services in USA, it's not just how clients pay for services that are altering; it's how people within a business and their clients experience a brand or perform their jobs. Augmented and virtual reality are providing immersive ways to innovate products and services.
Healthcare IoT
Healthcare is another industry actively reaping the benefits of artificial intelligence and IoT.
Already, connected devices including wearable, sensors, and communication are impacting the healthcare landscape. Devices that can tell a patient’s blood pressure convey the data directly to the physician, who, in turn, can monitor the health statistics of the patient remotely and recommend medication. The year 2021 and beyond will see the continued erosion between clinical healthcare and in-home devices, right from smart pillboxes to insulin monitors.
AI provides better insight from the patient’s health data, making healthcare professionals increasingly adaptive to using data gathered by patients.
Environmental IoT
While human healthcare will be a major driver, so too will be the health of our environment where the potential to monitor environmental factors is almost limitless.
From earthquake detection to water quality and weather conditions, the data available through sensors in the environment will allow humans to better tailor their impact and actions. It will give experts the information needed to decide whether to irrigate, what to wear, and whether to evacuate a city under environmental threat.
Many environmental trends are so complex that they're difficult to conceptualize, but collecting data is the first step towards understanding, and ultimately reducing, the environmental impact of human activity.
Endnote
Gartner statistics predict that there will be more than 30 billion IoT devices by 2025.
If you have an idea that requires actualization with artificial intelligence and the Internet of Things, consider reaching out to us. AryaUSA is the industry’s leading provider of mobile app development services in USA.
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Interesting enough it seemed to us the opinion of Alexei Turchin – Director for development of IT business in Ukraine and Eurasia, who works in Ericsson.
Internet of Things (or abbreviated as IoT) is a global network of physical devices that are connected to the Internet due to the presence of special equipment.
If we talk about the Internet of things as a separate phenomenon, it was in the mid-2000s.
According to Ericsson, in the last year the world had over 16 billion devices that are connected to the Internet.
It is projected that by 2022 the number will increase to reach 29 billion.
Of them, presumably, 18 billion will be directly with IoT devices.
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