Introduction to AI-powered industrial IoT

The convergence of IoT, robotics, big data, and machine learning (ML) is creating enormous opportunities for industrial firms as well as significant challenges.

The availability of low-cost sensors, multiple cloud platforms, and powerful edge infrastructure is making it easier and profitable for industries to adopt AI. This AI-powered industrial IoT is transforming the way companies provide products and services or interact with customers and partners.

 

One of the promising areas of the AI-powered industrial IoT is preventive maintenance. Until now, industrial firms used to be reactive concerning maintenance, in the sense that they will perform maintenance either as a part of a fixed schedule, such as every six months, or only when some equipment stops functioning. For instance, a logistics company may have biannual service checks of every vehicle in its fleet and replace certain parts or entire vehicles on a set schedule. This reactive maintenance...