Reshaping Intelligent Business and Industry
by Surjeet Dalal, Neeraj Dahiya, Vivek Jaglan, Deepika Koundal, Dac-Nhuong Le
Foreword
The intelligence of AIoT enables data analytics that is then used to optimize a system and generate higher performance and business insights and create data that helps to make better decisions that the system can learn from.
No matter if goods, people or complete production facilities, buildings or cities—the Internet of Things (IoT) enables the creation of a real-time, digital image of physical objects and environments as well as a connection to existing systems. From cost savings and optimized customer service to facilitating new business models—IoT opens up a world of new possibilities, particularly when combined with artificial intelligence (AI).
SMEs, corporations, municipalities and public institutions leverage IoT to access data and information on entire infrastructures and objects, both in real time and in great detail, opening up a wealth of new opportunities, such as optimizing logistics processes, avoiding production downtime, analyzing shoppers’ behavior, tracking CO2 emissions and energy consumption and even monitoring the occupancy rate of hospital beds. On top of reducing costs and optimizing processing, IoT enables digital pioneers to create completely new and customer-oriented business models such as pay-per-use and online booking systems.