How the Internet of Things, Big Data and Artificial Intelligence are feeding each other and driving technology forward.
Big Data and the Internet of Things were once considered separate technological categories and they operated as such for many years. But like the spatting couple in that Hallmark Channel movie that your spouse watched (and that you totally didn’t, we get it), it was only a matter of time before these crazy kids got together.
And it makes sense. Big Data drives IoT and Artificial Intelligence, and the more smart devices there are in the world, the more data they gather and spit out...which leads to more opportunities for businesses to analyze it. So what does this convergence of IoT, Big Data and AI mean for consumers, for businesses and for the world at large? Here are a few IoT and Big Data trends to look out for.
A growth opportunity for visualization technology and brain computing
Imagine a digital smart map of your home or office that can pinpoint exactly where problems are before disaster strikes. Or a wheelchair operated by your brain. For decades, visualization technology and brain-computer interfaces (BCIs) have been hampered by memory and storage constraints. But that’s about to change. Forbes estimates the global IoT market will grow from $157B in 2016 to $457B by 2020 and that the Big Data Industry will grow from $130.1B to more than $203B in that same period. As these technological categories continue to feed each other and expand, the timelines for futuristic products (such as those noted above) to hit the market continues to shrink.
A surge in next-gen applications across key sectors
The explosion of IoT, Big Data and AI is changing the definition of what an application is and leading us to the next generation of intelligent applications. Next-gen apps are already offering new ways to help businesses grow across a variety of industries—from advanced manufacturing to healthcare to automotive—and the U.S. military as well. Smartphone apps that help manage type 2 diabetes, asthma and clinical depression and cars equipped with sensors that read a driver’s behavior are just some of the next-gen apps that are faster, more useful and far more powerful than legacy apps...and more profitable.
A need for better bandwidth
Next-gen apps need next-gen technology to handle the massive amounts of data they process. In order to accommodate the traffic, Telcos are overhauling their wireless infrastructures and launching the highly anticipated 5G network. The goal of 5G is to deliver 1,000 times more bandwidth than 4G in order to handle the combined effect of all these technologies feeding and growing off each other. It’s just one of the many technological evolutionary developments necessary to support the hyper-connected world that IoT, Big Data and AI has promised us.
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