2018 Trends: What will the future hold for AI and IoT?

What kind of chemical reaction will occur between the two hottest fields at present: the Internet of Things and artificial intelligence.

The world of artificial intelligence and the Internet of Things is obviously exciting, but it seems that there are still some key technical problems that need to be solved, especially on the developer side. In this article, you will learn what we can expect in these hot areas.

Artificial intelligence and the Internet of Things are the hottest trends right now as man-made machines, tools, and technologies are still immature. But what are they exactly? How effective are they? And what should we expect in 2018?

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AI

When it comes to artificial intelligence, the most popular and earliest example known to the public is DeepBlue, a supercomputer developed by IBM.

So how will artificial intelligence change people's lives in 2018? According to a report by NarrativeScience, only 38% of companies used artificial intelligence in 2016, but this proportion is expected to rise to 62% by 2018.

AI is already changing our lives for the better:

1. Convenient life. Artificial intelligence makes our lives more convenient. Here are some examples: Siri and Cortana voice assistance services, Amazon Echo, GPS, etc.
2. Better customer interaction services. AI is increasingly being used to create chatbots. These chatbots can handle more customer issues in a shorter time and provide solutions in a timely manner. Customers can also get instant solutions, thereby improving satisfaction with the service provider.
3. Restructure business processes. AI plays a key role in business decision making. AI can identify waste and extra processing in business by using big data and other analytical tools.
4. Cost savings. Artificial intelligence enables digitalization to replace human work, saving some human resource costs. Machines do not need to rest like humans, so they can provide better and more productivity.
5. Medical applications. AI is used to provide in-depth diagnostic results in a shorter time, which helps doctors start medication and treatment quickly. Robots can even help psychiatric patients get rid of depression, perform critical surgeries, and monitor neurological disorders.

Latest Trends in AI

Artificial intelligence will grow significantly in 2018. The AI ​​technologies that can be expected to emerge in the upcoming year include:

1. Voice recognition. Rather than just typing commands, you will be able to ask questions and get what you want from your supercomputer.
2. Natural language generation. This will enable computers to have the same expression and writing capabilities as humans. The development of deep learning is so rapid that the organic integration of language knowledge and deep learning models will bring better prospects. Using AI business can generate reports or use business intelligence insights in customer service.
3. Smart Home. Artificial intelligence will be used for smart home management in 2018. From determining your presence at home to locking doors and turning off air conditioners and appliances, AI can ensure more energy savings and improved comfort.
4. Machine learning platform. Artificial intelligence will be used to design, train and deploy applications. Build online training toolkits and provide algorithms.
5. AI is compatible with hardware. Artificial intelligence cannot currently run on standard hardware available on the market, so proprietary devices will emerge with new designs and architectures to meet the advanced needs of artificial intelligence.

Internet of Things

How will the Internet of Things change people's lives in 2018?

1. The insurance industry is growing rapidly. Insurance companies can now get real-time data through the Internet of Things. This will help them analyze risks, perform product segmentation, improve loss control, and obtain more insurance premiums.
2. Better products. As the Internet of Things becomes more popular, users no longer use independent devices, but devices that provide a series of services, such as voice services like Siri and Cortana or other services.
3. Instant health services. The IoT has already enabled the creation of some digital therapeutics, including devices that can treat insomnia, depression, fertility and back pain.
4. Retail transformation. IoT means sensor-based analytics and the existence of a vast amount of data related to customer preferences. Using this data, the retail sector is able to identify potential customers and sell their products better.

The latest trends in IoT

So what is the future of the Internet of Things? Researchers are pretty confident that the Internet of Things will grow at a faster rate in 2018. Some thoughts on the future development of the Internet of Things:

• By 2020, more than 24 billion electronic devices will be connected via the Internet of Things
• Around $6 trillion will be spent on IoT in the next few years
• Edge and cloud analytics will play a critical role in determining IoT investments

What kind of chemical reaction will the Internet of Things and artificial intelligence produce?

AI and IoT are two different trends, but in 2018, they will be used together to get the best results in business and daily life. IoT will generate a lot of data, and AI will help track and deeply analyze this data.