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How Blockchain and AI Will Push IoT Expansion
The Internet of Things (IoT) is set to spread into every area of the enterprise over the next year, in order for that to happen it will need to start employing some of the newer, emerging technologies. This will be particularly true of Industrial IoT (IIoT) as more and more organizations start using the opportunities it offers to achieve business goals. Frank Vella, COO of Information Builder, points out that with the emergence of smart cities and new manufacturing processes, for example, there is a growing need for large pools of data. This data will be used to build more efficient, broader ecosystems that provide proactive insights in verticals like manufacturing, health and safety. “AI [artificial intelligence], predictive analytics, IoT and blockchain are all technologies that require strong data capture and use. Consequently, the way data is accessed will change to enable broader visibility and create cohesive ecosystems that support a convergence of data access and provides better operational and predictive capabilities,” Vella said.
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