It has taken a while, but there is a seamless integration between AI technology and the Internet of Things (IoT), which has been slow to catch on, at least not in the way most anticipated. There will be strong foundational growth in the IoT in the coming year, thanks to AI’s prevalence of sensors and its fast ability to deliver actionable insights.
FREMONT, CA:There is one thing that nobody saw coming—a rapid digital transformation that saw years of innovation in only 5-6 months (and in some cases less). People saw companies changing and innovations being adopted almost overnight, particularly in some areas like AI technology, which was already seeing rapid acceleration. In 2021 and beyond, the tech industry will see a solid expansion and growth of AI’s use in notable and meaningful ways. Although several businesses have dabbled in AI technology, machine learning, intelligent automation, and other related solutions in recent years, the previous year has proven to be the year to go all-in.
The proliferation of AI technology is happening at a breakneck speed on both the chip and software levels, and make no mistake: the two are inextricably linked. Chipmakers are incorporating AI into their systems at a rapid rate. This means that AI technology is becoming more accessible to enterprise and software developers, as evidenced by cloud providers are all embedding and extending their AI offerings for public and hybrid cloud deployments. In the end, this means that more people would have access to the computing resources, frameworks, and algorithms needed to implement AI technology in anything from the smart speaker to the mobile device to the corporate sales and planning applications.
The Rise of Robotic Process Automation (RPA) and AI-Driven Automation
Businesses were turning to RPA and IPA to do tasks to free up workers to do more difficult things due to the pandemic pushing all to keep a close eye on budgets. With the rise of RPA companies, this trend is not going to slow down in 2021.
Convergence with the Internet of Things
It has taken a while, but there is a seamless integration between AI technology and the Internet of Things (IoT), which has been slow to catch on, at least not in the way most anticipated. There will be strong foundational growth in the IoT in the coming year, thanks to AI’s prevalence of sensors and its fast ability to deliver actionable insights.