If I talk about trending technologies, then both Artificial Intelligence (AI) vs Internet of Things (IoT) are currently at the top of the list. Whether it is IoT or AI, both are giving neck-to-neck competition; this is why nowadays businesses are inclined to embrace both technologies in software development.
83% of companies have enhanced their efficiency by introducing IoT technology.
Around 79% of executives consider adopting AI in the industry will make their work effective and more manageable.
Now the question is, what is the difference between AI and IoT. To know the same, read further…
What is the Internet of Things (IoT)?
The Internet of Things (IoT) is a system of interrelated, internet-connected objects that can accumulate and convey data over a wireless network without human interference.
Famous companies using IoT: Google, Amazon, Microsoft, and more
Worldwide, the market for Internet of things (IoT) end-user solutions is anticipated to expand around $1.6 trillion in size by 2025.
IoT is a trend for mobile app development, but when it comes to integrating IoT technology in the business or app development process, then it is pretty complex, so to make this process easier, you can avail of IoT software development services from trustworthy IoT app development company India.
What is Artificial Intelligence (AI)?
Artificial Intelligence(AI) relates to the simulation of human intelligence in machines designed to ponder like humans and imitate their actions. AI can be employed as any machine that displays traits correlated with a human mind, such as learning, understanding, and problem-resolving.
Worldwide, the Artificial Intelligence (AI) software market is projected to grow swiftly in the coming years, reaching around $126 billion by 2025.
To make efficient use of AI in your business process, avail of Artificial Intelligence development services from the top Artificial Intelligence development company. Doing so will make adequate use of AI solutions.
Benefits of Artificial Intelligence in Businesses
Here I have mentioned a few factors which can help you know why AI is important for business and how it is helping various industry verticals in growing.
Real-Time Analytics: Using AI, businesses can process a massive amount of data and render it in real-time. It is one of the topmost advantages of AI for business. This approach enables enterprises to make vital decisions fast.
Better Customer Experience: AI-based chatbots are competent in rendering round-the-clock user request support at any time. Better communication quality and shorter reply times help businesses improve existing customers’ loyalty and drag new ones.
Data Security Improvement: AI can successfully be utilized to recognize fraud efforts and illegal access to personal data; this is why most finance and banking industries use AI technology.
Predictive Analytics: AI technologies can manage the enormous amount of arrays, recognizing patterns and foretelling the future. Most businesses are interested in predicting things so that they can minimize the imminent risk and other things; these all things can be simply done with the help of AI.
Individually and collectively, IoT and AI will remain the best trends in the future. Each day a massive amount of data is produced, which is really hard to gather and understand, but all this is possible using IoT; similarly, there are various tasks which are complex for business to perform such as efficient decision-making, predicting behavior, but with AI such works can easily be performed.
Several differences and similarities are there in the functioning of both technologies, AI vs IoT. But both are very impactful if the potential of both technologies is correctly employed in the business process. In order to make adequate use of AI and IoT in business software development, hire AI programmers in India or hire IoT developers working in one of the best AI development companies (ValueCoders).
Read More - https://www.valuecoders.com/blog/technology-and-apps/iot-vs-ai-the-difference-between-internet-of-things-iot-and-artificial-intelligence-ai/