The future wave of digitalization is no longer limited to software. The fourth wave of digitalization takes place in factories, warehouses, supply chains, construction, and infrastructure. The combination of Artificial Intelligence (AI) and Internet of Things (IoT), known as AIoT, opens up new possibilities for companies to gain visibility, automatize processes, and make more informed decisions in real time.
*The AIoT Era
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For decades, various sensors, trackers, cameras, and IoT equipment collected vast amounts of operational data on assets, inventory, machinery, and people.
The problem was not data collection. Data has always been collected in abundance.
*What companies were lacking was making sense of the data.
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That is why AI makes all the difference. With AI technologies applied to IoT data, companies gain the ability to not only monitor but optimize operations.
*Practical Applications
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There are already concrete examples of how AIoT is being used to bring value in various sectors.
*Asset Tracking and Visibility
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It becomes possible to track the state and status of essential assets in real-time which increases productivity and saves on losses and downtime.
Predictive Maintenance
Through analysis of sensor data, AI algorithms will be able to detect future problems in advance thus minimizing maintenance costs and avoiding unplanned incidents.
*Worker Safety
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Connected technology and monitoring systems can contribute to improving safety of workers by analyzing risks, controlling the environment and sending out warnings.
*Inventory and Workflow Optimization
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With the help of AI-based solutions companies can increase the accuracy of inventory management, optimize operations and make decisions quickly.
Why Should Industrial Companies Invest in It Now?
Industries are experiencing increasing need to be more efficient despite the growing complexity of operations.
*Result:
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Improved visibility
Quick responses
Higher productivity
Decreased downtime
Automation
Strategic decisions made on the basis of more information
*Building Solutions That Scale
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One of the key trends in AIoT development is the creation of scalable platforms rather than one-off solutions. Businesses seek technologies that could be used in different use cases and in different industries.
Companies working on the development of AIoT solutions develop asset tracking, operational intelligence, workforce management, access control, and industrial automation systems. One of such companies is Aperture Venture Studio, which develops AI and IoT ventures aimed at solving industrial problems via building scalable platforms and deploying practical solutions.
*AIoT: The Future
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The development of AI technologies and reduction in prices of IoT devices will lead to a further rise in the use of AIoT technologies across almost all industries.
The organizations which would get the most out of AIoT technologies are those which will move beyond pure data collection and start using intelligent systems for decision making, outcome prediction, and optimization of processes.
AI changed software. IoT connected the physical world. AIoT creates a new generation of industrial systems.
