1 Artificial intelligence (AI)
Gartner forecasts that 14.2 billion connected things will be in use in 2019, and that the total will reach 25 billion by 2021, producing immense volume of data. “Data is the fuel that powers the IoT and the organization’s ability to derive meaning from it will define their long term success. AI will be applied to a wide range of IoT information, including video, still images, speech, network traffic activity and sensor data,” says Nick Jones, Research Vice President at Gartner. The technology landscape for AI is complex and will remain so through 2023, with many IT vendors investing heavily in AI, variants of AI coexisting, and new AI-based tolls and services emerging. Despite this complexity, it will be possible to achieve good results with AI in a wide range of IoT situations. As a result, CIOs must build an organisation with the tools and skills to exploit AI in their IoT strategy.