What are the Differences Between IoT, AI, and AIoT – And why do they matter for business?

It has been and will be the three acronyms in and around each other and people have used them more interchangeably or as words for one another – not. AI, IoT, and AIoT are just as important to the stack of tech like the stack of clothes – each part of the stack is required for you to effectively complete the task; it can actually determine the biggest business strategy call you will ever make.

Let IoT be the neural network. The IoT idea takes on IoT: the connection of all objects-products, devices, equipment, machines, vehicles and anything else that is equipped to be connected, online, or both-that are able to generate an information stream when on a network.

I am connecting any device and machine that provides IoT – if there is a thing with a network interface, or it has one enabled, this implies it is IoT. In practice – a product that enables you to stream a variety of data in real time about its surroundings – for instance, it can track the machine temperature, location in the inventory or warehouse or the location in your fleet – All very important data indeed, but not intelligence as it cannot reason about it on its own-in other words, see, don’t think.

Now let’s have AI be the human brain If AI: computer vision and artificial intelligence -- the computer system's capacity for intelligent behavior- it basically tries to simulate or replicate how humans think, whether it’s to perform tasks or develop solutions. Now, in practice – Artificial Intelligence basically uses this data that it has accumulated from various sources in digital world to derive meaning - whether to discover patterns, recognize what’s new, predict future outcomes, take action, or make some recommendations.AI essentially thinking without seeing.

Finally lets talk about the whole shebang - AIoT - the complete works, the brains and neural network The AI IoT or AIoT refers to a set of the devices are interconnected and share real-time data and IoT send its information to AI and the system is capable of intelligent understanding and respond to those alerts in real time without human intervention.AIot can actually think, it can analyze information collected by the internet enabled devices, it takes that information on the fly and is intelligent to respond – seeing plus thinking equal acting.

Here’s why AI IoT matters so much for your business today Companies that use IoT exclusively, or without the brains to match it – will get drowned in raw information without any real understanding or actionable use of it; The companies that use AI alone will miss signals and alerts from the connected world around us, preventing real world interactions from translate to action; Only AI IoT combined can help you capitalize on the vast quantities of data by taking truly intelligent and autonomously acting to drive true business value - the companies of the coming decade are those who understand how to drive the transformation.

Aperture Venture Studio focuses on helping companies build industrial companies at the interface of AI and IoT.

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