AI vs IoT | Exploring Artificial Intelligence and Internet of Things | OpenTeQ

We live in a generation of fast-growing technology. We find a great emergence of new trends into the market which aids humans and creates a user-friendly environment for optimum utilization of technology.

When it comes to the present date, Artificial Intelligence (AI) and the Internet of things (IoT) are the two trends that have created a mark for them. Artificial intelligence (AI) is all about adding the feature of intelligence to the machines and making them smart and intelligent as humans. The Internet of Things (IoT) is all about connecting all electronic devices to a single network which are interlinked.

Keep reading the whole article for knowing in detail about AI and IoT and how they are so different from each other.

OVERVIEW:

Artificial Intelligence (AI):

As said before, Artificial intelligence (AI) is the hot trend in computer science, it mainly Aims at creating and designing machines by stimulating human intelligence which results in producing smart machines that act and react more like humans.

Intelligent behavior includes a set of roles such as communication, manipulation, perception, reasoning, analyzing, learning, and responding in complex situations. AI also has scientific and engineering goals. AI technology has not only automated the industrial process for making efficient and effective output but helps the individuals and machines to work together. AI is being enforced not just into manufacturing but also into other departments such as sales, marketing, customer support, and research and development.

Internet of things (IoT):

The Internet of things (IoT) is another emerging trend in computer science, IoT is all about an ecosystem of electronics devices connected to one single network through the internet and wireless connectivity. All the connected devices can send information through the inbuilt intelligent technology which helps in creating smart devices and many more such as creating wearable devices, smart cities, and smart homes.

It works by using the inbuilt or embedded systems like processors, communication hardware, sensors for sensing, collecting, and acting according to the data acquired from the environments. IoT devices communicate by sharing the sensor data collected by them through an IoT gateway. These devices also communicate with other devices and also act according to the information received from other devices on the network.

Difference between AI and IoT

Let us check out the difference between Artificial intelligence(Al) and the internet of things (IoT)

Cloud computing:

AI has brought highly strong cloud computing, which enables the machine to learn, think, enact, and react much like humans by creating human instances. Cloud computing is very much utilized by AI in performing huge computations over a remote server called cloud with high configurations.

IoT also supports cloud computing efficiently. While in IoT cloud provides a gateway for managing data.

Procuring to the data obtained:

AI is based on data. It learns the data and encounters the errors and progress ahead by rectifying them in a novel way. It also helps in decision making.

IoT is based on capturing moments from sensors, which brings in data and stores, and on request and requirement, the data is retrieved.

Cost:

AI price depends upon the requirements and is calculated accordingly. AI requires highly configured system architectures to perform huge computations. Hence it costs a bit more for renting or leasing remote servers etc.

IoT price is lesser as compared to AI.but IoT demands a set of interconnecting hardware devices like sensors, led displays, controllers, and many more. IoT devices can also be controlled using handheld devices like mobile phones which also reduces the cost of buying the dedicated controllers.

Scalability:

AI scalability is less as compared to IoT. but AI can be implemented on IoT devices with high reach to control them.

IoT scalability is quite larger as it is based on the cloud.

Data:

AI requires huge data, like patterns, trends, and an understanding of human behavior. The data used in AI must be preprocessed and must be meaningful to perform operations like data modeling and many more.

IoT is all about capturing moments so it depends upon sensors. Thus the more sensors, the efficient the collected data is.

Objects:

AI is a complete system itself, so it doesn't require any specific systems.

IoT is about capturing data, so it requires connected devices that are occupied with technology which helps as sensors in capturing moments and other patterns too.

Algorithms:

AI is about learning, acting, and reacting as a human, so it mainly depends on keen learning of algorithms that, will be received from different sources to develop human behavior into the system.

IoT is in go creating a customized algorithm to manipulate the system functionality.

Unique Features:

Artificial Intelligence:

It analyzes the data
Optimum utilization of procured data
It stimulates human behavior in machines.

Internet of times:

Assist the device
It improves the efficiency and accuracy of the device
It helps in predicting the device functionality.

Pros and Cons:

Artificial intelligence

- Pros

Helps in resolving complicated issues.
provides accurate results.
Useful to complete recurring tasks.
It coordinates humans and machines working together.
It records data in a systematic order.

- Cons

AI is expensive
AI storage is costly
Humans are more creative than AI
High dependency on machines

Internet of things (IoT)

- Pros

Highly flexible.
Enables you to stay connected
Efficient energy consumption
Portable application
Highly useful in the health sector
Cost efficiency

- Cons

Highly dependent on machines and technology, less human brain is required.
Increase lethargic among workers as it holds single click work.
Increases unemployment.

Pricing:

Artificial Intelligence:

The pricing of AI holds everything from the chat box to data analysis. This technology has two poles, one can AI solution from a team of freelancing data scientists to the third party.

Custom AI solutions charge you in between 6000 USD to 300,0000 USD per solution
Third party AI solutions charge you from 0 USD to 40,000 USD per year.

Ongoing AI consulting services charge you according to the hourly fee. They generally charge less.

Internet of times(IoT)

There is no fixed price for IoT as it depends on the solution providing company. But most of the companies follow a few models for charging their users.

1. Subscriptions: through this model customers can get an opportunity to check out the services if they find worthy for their money they continue being the company's customers and pay the amount at regular intervals of time like monthly, annually.
Pay-per-use: IoT services are generally seen in the B2B market, so these help the business to stay connected up to their work and pay how much they use it without any commitment.

And there are many other models an IoT solutions provider may follow to meet the needs of different types of customers and communities.

Final Verdict (Conclusion):

AI and IoT are the present future. In this fast-growing world, the usage of AI and IoT is rapidly growing. So it has become a necessity for every business to include these technologies into their business operations not just to overthrow the human errors, but also to increase productivity and smooth flowing of business.

As sAId before Artificial Intelligence, not just AId in for making recurring tasks but also to learn, analyze, act and react more like a human, maybe better than humans.

IoT is all about the devices over the same network collecting the information and sharing all over the devices on a network. IoT needs hardware and devices to create data. whereas AI needs only the data from the devices in IoT and the data must be meaningful.

When considered separately the internet of things and artificial intelligence are the two most powerful technologies. But when we combine both AI and the internet of things(IoT) we get AIoT. We can consider IoT as digital nerves while the AI is brAIn of a network or system. AI and IoT are surprisingly logically combined concepts. For example, we collect a big amount of meaningful or real-time data, AI systems enrich such kinds of projects which will impact human life and day to day devices can be enhanced for friendly interaction with humans. Though both concepts spread their wings in a vast sector when combined the wide wings fill human life with colors.

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FAQs

1. Why does one need to learn artificial intelligence?

It is more beneficial to study or learn to apply AI because AI brings a vast range of opportunities in fields of intelligent analysis, data analysis, financial predictions, trend analysis, the future flow rate of work, revenue, growth of an organization, and many more. AI has landed a huge range of job opportunities.

2. Which companies are highly using AI or IoT?

There are a lot of big leading companies which are showing major interest in AI and IoT technologies and investing a lot of revenue into these technologies to enhance the workflow of their companies. The very renowned companies like google, amazon, Netflix and many more are utilizing this tech.

3. What are the most significant contributions of artificial intelligence and IoT in society?

AI and IoT have made a very impressive advancement in society. They have made a major difference in areas like self-driving cars, automated cutting machines, home applications and smart personal assistants in our mobiles, laptops and other daily usage devices like Google home, Alexa etc.