What is AIoT?
Artificial Intelligence of Things (AIoT) occurs when artificial intelligence (AI) is applied to Internet of Things (IoT). In other words, when AI is combined with IoT infrastructure; IoT operations, data management and analytics, as well as human-machine interactions become more efficient and enhanced. According to a Gartner study, currently, over 70% of IoT projects have an AI component and this will only continue to go up. You can read our blog about Industrial Internet of Things (IIoT) here to get a better grasp of IoT.
When AI is combined with IoT, AI adds additional value to IoT operations, making it more efficient. For example, AI helps to improve human machine interactions and automates data analysis and management. AIoT mainly concentrates around revamping IoT data into more valuable data, resulting in improved decision making processes. All in all, AI and IoT come together to form a mutually beneficial relationship that can further one another’s capabilities. While AI helps data received in IoT reach its highest potential, IoT provides the complex networks in order for AI applications to receive information in real-time.
Implications on Businesses
There are increasing opportunities to collect meaningful data that is tailored to your organization with AIoT. The data collected can then be used to develop solutions for current challenges and future solutions to ensure efficiency and reliability. AIoT systems are now able to take corrective action without the need for direct human involvement. This capability will significantly reduce unplanned downtime, which will ultimately allow for more productive workflow. Moreover, AIoT analyzes data in real time received from numerous connected devices. As a result, AIoT systems can predict equipment failures and shut down machinery to prevent accidents from occurring.
How We Can Help
NRX AssetHub is a software solution that integrates with your EAM or CMMS. By adopting the latest advances in IIoT with EAM compatibilities in mind, we help our clients get their data right. NRX focuses on configuration and cloud computing to ensure that our services are tailored to each of our customers and that their employees are able to manage their master data needs.
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