How AI and IoT combine is creating massive opportunities?

How AI and IoT combine is creating massive opportunities?

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COMPUTEX 2019 Forum, themed Pervasive Intelligence, concluded with the AIoT Session at the Taipei International Conference Center. The final panel of the forum featured six distinguished speakers from global industry leaders discussing the latest developments in artificial intelligence (AI) and the Internet of Things (IoT).

“COMPUTEX is not just a sourcing platform, not just for procurement, it’s also for building a global technology ecosystem… Today, AI and IoT is very important,” said Walter Yeh, CEO and president of the Taiwan External Trade Development Council, organizer of the forum, before introducing the first panelist: Joe Jensen, vice president of the Internet of Things Group and general manager of Retail, Banking, Hospitality and Education at Intel.

“Over 20 years now I’ve been coming to COMPUTEX and I’ve built some tremendous partnerships and relationships with many of the leaders in this room. Our business has grown tremendously, and I think it’s grown together. We face now and will talk today [about] really doubling or more the opportunity we’ve all thought of as the future,” Jensen said.

“It’s a massive new and large and growing [field],” Jensen said. “If you go step back two or three years ago, the analysts were thinking IoT is all about some little things … billions of things generating data, spewing this data to the cloud and the analytics being done in the cloud.”

“We now realize, and the industry realizes, that IoT, especially IoT for business and for business insight and value, is really about unleashing computer vision and advanced AI technologies against large, massive sets of real-time data being generated at the edge,” he said. “These data sets are so large we’re not going to have the ability to send all that data to the cloud for analytics and processing.”

“A huge amount of those insights will be generated live real time at the edge, and that creates the opportunity for us in IoT and the edge,” he added, describing how devices,
such as sensors, will pool that data and process it at the edge, before sending the insights from that data back into industry processes and the cloud.

He highlighted three vertical markets being transformed by computer vision and AI: retail, smart cities and industrial. These markets have been increasingly employing sensors to create a massive amount of data, which are then used to improve efficiency and safety.

“There are over two million factories in China alone with no data, no analytics and really no computational infrastructure whatsoever,” Jensen said. “Think about the opportunity to go bring analytics and data to improve the efficiency and operation of those two million factories.”

“We can’t do this alone… It takes the entire ecosystem for us to bring this value to market,” he said, adding that another objective is to help customers scale faster, with market-ready solutions instead of one-off engineer products.