Combining AI and IoT for Industry 4.0

Amongst the latest emerging technologies like Edge-computing and Blockchain, Artificial Intelligence (AI) and Internet of Things (IoT) ranked high in causing technological disruptions in the industrial environment. Many enterprises are planning and deciding now to invest in these technologies to gain a competitive edge in their markets. As per the latest reports from Gartner, by 2021, 40% of new enterprise applications implemented by service providers includes AI technologies. Individually these technologies are quite helpful for industries, but when they both are combined, offer unparalleled advantages on a much larger scale. Collectively, they enable the development of connected intelligent machines that share information with each other and take up-to-date decisions with little to no human involvement.