According to Gartner, there will be more than 20 billion connected devices worldwide by 2020. Today’s enterprises are already benefitting greatly from a strong, connected workforce, but as Internet of Things (IoT) enabled devices move forward, saturating the market, is it possible for them to outpace their own benefits?
After all, while the continuing surge of IoT devices is creating an onslaught of data requiring storage and retention, advancements in the IoT world are still bound by how quickly and efficiently data can be computed, and value extracted. Interestingly, the current resurgence of artificial intelligence (AI) technology may provide an antidote to the flood of data today’s digital world is facing.
With such rapid innovations in both spaces taking place, what can we expect from their converging paths?
Dean Tang, CEO of ABBYY North America explains how developing more advanced language capabilities for AI will help the connected world realize its full potential. “IoT and AI enthusiasts should look forward to a future where these two technologies evolve their symbiotic relationship,” he writes. “As one technology thrives, more opportunities will arise for the other.”