Artificial intelligence of things

Great technological changes bring great cultural changes, which means that people must not only adapt to new technologies, but also to the effects they produce on society.

Precisely in this decade, we are experiencing great technological changes driven by virtualization, as a consequence of the pandemic. One of these technological changes is the so-called artificial intelligence of things, a technology that will strongly impact markets, the economy and the entire society.

If as entrepreneurs we do not want to be victims of technological and cultural backwardness, we must know and familiarize ourselves as soon as possible with these new technologies; how is the artificial intelligence of things.

Not adapting to them would not only affect our competitiveness and productivity, but it can also affect us psychologically, socially and culturally:

How the Renaissance severely affected European society in the 15th and 16th centuries, producing in it one of the most curious and well-known phenomena of mass hysteria: an epidemic of dance in which thousands of people gathered to dance until they were exhausted and even to death.

What is the artificial intelligence of things (AIoT)?

To understand this new technology, which will possibly revolutionize markets, the economy and society in general, we must understand what artificial intelligence is and, in turn, what the internet of things is.

Artificial intelligence is about technology that aims to emulate human cognitive processes in machines. Some of these processes could be: autonomous decision making, learning and data interpretation.

While the Internet of things is simply the possibility of connecting all kinds of devices and objects to the Internet: household appliances, cars, houses, buildings and even cities.

So the artificial intelligence of things is the quality of objects connected to the internet of having their own cognitive characteristics such as the possibility of learning, making decisions and interpreting data.

A simple example of artificial intelligence of things is a smartphone, which is connected to the internet and in turn, its software has artificial intelligence processes, such as the prediction of words on touch keyboards.

A more complex example of AIoT would be a building with electrical networks managed by devices connected to the internet, which would regulate and optimize the use of electricity, thanks to the fact that they have managed to collect data on the electricity consumption habits of the residents of said building.

Another interesting point of artificial intelligence is that this technology allows managing and interpreting massive volumes of data collected by devices connected to the internet.

And speaking of the internet of things, Uniss Insider estimates that by 2025 there will be more than 64 billion Internet of things devices connected worldwide.

We also recommend reading: 7 Technology Trends 2030.

How AIoT will transform markets, the economy and society

AIoT technology can be interpreted as the total expansion of virtuality since it will connect most of the objects that we know to the internet. This full expansion of digitization will bring great changes.

In fact, right now the artificial intelligence of things is transforming from mining, manufacturing, to agriculture; improving thousands of processes thanks to the power of interpretation of large volumes of data for decision making, as well as communication between objects and processes.

AIoT, beyond improving data collection, management and analysis, optimizes the man-machine relationship, simplifying the handling and administration of said machines, and in most cases, almost completely automating the configuration and management of the same.

Total digitization has not come with the complete expansion of internet networks, but it will come with the connection of the objects that surround us. Through this connection, we will not only achieve better performance and efficiency with the connected objects but also, every day we will better understand all these processes and we will optimize them thanks to the massive collection and interpretation of data.

In industrial processes in all sectors, AIoT brings endless benefits and benefits. For example, in agricultural processes, AIoT devices are capable of optimizing work, while the massive collection and interpretation of data will be able to predict demand and supply in the markets.

Undoubtedly, this technology will work in all industries and probably the next few years will be boosted thanks to the arrival of 5G networks.

Examples of using the artificial intelligence of things

But the use of artificial intelligence of things is not distant, but we are living it at the moment and we can attest to it with the following examples:

1. First of all, we can mention smart homes, where devices and appliances connected to the internet and with data processing capabilities can help save electricity and also make efficient use of data.
2. Another example is intelligent surveillance, through which better security can be obtained with the connection of cameras and sensors and integration with volumes of data that allow predicting suspicious behavior in visitors to a store, for example.
3. Autonomous vehicles are perhaps the best examples of AIOT, because thanks to this technology can be fully automated transport, which would bring great benefits to our mobility and crowded cities.
4. The so-called smart cities would be one more result of the internet connection of most objects. If cities can connect traffic lights, highways, airports and buildings, many of the urban problems that plague modern cities could be solved.
5. Telemedicine is another example of artificial intelligence of things. With so-called wearable devices, it is possible to get computer programs to monitor our health through our pulse, respiration, blood pressure and more.

How can the artificial intelligence of things improve your company?

• The artificial intelligence of things can bring multiple benefits to your company and one of them is better decision-making, thanks to the privileged access to information provided by the use of internet-connected devices and sensors.
• These devices can also help you automate most processes, which in turn translates into higher production.
• While, on the other hand, the information collected from customers and interpreted by artificial intelligence can help any business to better understand consumers, and in turn increase demand and sales with the help of such privileged data.
• The artificial intelligence of things, on the other hand, can make your company a perfect environment for continuous learning.
• Information and process improvement with the help of AIoT will undoubtedly bring growth to your company.

The disadvantages artificial intelligence of things

We cannot write an article about the artificial intelligence of things and not mention its disadvantages:

• One such disadvantage would be the elimination of jobs due to process automation. That is an effect that we have been seeing for several years, but that may increase exponentially this and the next decade.
• At this time the AIoT is not accessible for all types of companies due to its high costs.
• On the other hand, this type of technology brings difficult issues to solve such as the violation of people’s privacy due to the large collection of information, as well as the misappropriation of sensitive data for nefarious purposes.
• Despite the expansion of the Internet and the evolution in the speed of networks, there are high latency problems that do not allow automating complex processes. It is expected that with the expansion of 5g these problems will disappear completely.
• Finally, we can mention the social changes that this type of disruptive technology can produce, which are difficult to predict and we will only know each other until they occur.

Embrace AIoT in your company

E-commerce saved many companies during the pandemic, but most companies were not adapted to virtuality, so they could not take advantage of the digitalization boom driven by the coronavirus.

Similarly, other major events such as climate change can bring about major changes that promote this type of technology; And, as it happened during the pandemic, only those companies that are adapted to them will be boosted, while those that do not adapt will be at a competitive disadvantage.

Unfortunately, the reality is that most companies will not adopt these technologies until it is strictly necessary.

That is why our advice is to embrace AIoT by informing and investing in it, but above all by training in its use.

This is the most sensible decision, instead of waiting for a new crisis to propel your company to it, unless you do not mind being part of the epidemic of choreomania 2.0, produced by the great technological changes of the 21st century.

If so, get ready to dance!