Source: The Economic Times
Over the last three decades, there has been a web connection between web-based communication, e-commerce, and online publications. The internet and web-based things have provided exponential growth of online information. The connection of AI with the internet and all the internet websites has given us the ability to identify patterns, create new information, provide the capacity for businesses, and help consumers create, store, and share data.
The connection and intersection of AI with the internet has given many opportunities to people but has also given the risk of tracing the information, cyber threats, and consuming the data energy. Talking about cryptocurrency protects data, and identifies, tracks, and protects personal information. In addition, it has also opened the paths for decentralized networks. The combination of cryptocurrency and AI has evolved the internet in the sense of how people can use it, what they can expect, and how much they can trust online websites to use cryptocurrency and AI – data transfer, money transfer, etc.
The Fundamentals Of Iot And Its Functionality
In the context of India, we have been using IoT (Internet of Things) for a decade. This has helped us to exchange data without any human intervention. The Internet has changed how we can see the industries (like textile, vehicle, educational, etc) today. In other words, it has revolutionized the way we live and work. Here are a few things that define IoT:
Connected devices
Automation / Automatic Systems
Data Analytics
Communication Networks
The impact of IoT has changed the way how smart cities work and are progressing together. The intersection of IoT has also changed and evolved the way we are using blockchain and AI today and vice versa. It has eventually led to more dynamic systems and better connectivity.
Source: Medium
Understanding The Blend Of Iot And Its Functionality With The Technology Of Blockchain And Ai
The combination of IoT, blockchain, and AI has given powerful connectivity and intelligence. It is one of the most secure, autonomous, and the one with scalable solutions.
Autonomous Decision Making: AI and the Internet (IoT) have helped in the processing of decision-making capabilities and data processing. It has made the actions verifiable and secure.
Data Integrity: The technology of blockchain and AI has been one of the attractive topics of discussion for everyone in recent years. In addition, there is a large amount of data that is stored in blockchain usage. The interaction of blockchain with AI has made it more strong and trustworthy. It has increased the accuracy and predictions without any biases.
Scalability: Blockchain & cryptocurrency is one of the decentralized places or financial markets. Its combination with IoT has improved security and performance.
Automated Transactions: IoT and its functionality have evolved over the period, especially in India. It no longer requires human intervention. There is one of the smart workings that plays into these software and applications or devices. If Blockchain & cryptocurrency have helped humans to receive smart working with smart financial and data interactions, then IoT has made things more feasible in the sense that it has made data and payments seamless & without human intervention.
The Examples Of Organizations Executing Iot And The Technology Of Blockchain And Ai
Source: Appventurez
The technology of Blockchain and AI is far beyond the use of technology for blockchain & cryptocurrency. Many companies have real practices of such technology for enhancing the usage of IoT and its functionality. Let’s here discuss the examples of businesses using the combo (technology of blockchain and AI, AI and IoT, technology of blockchain and AI with IoT) in their operations.
#1 Microsoft
Microsoft is one of the first tech giant companies the start technology with AI, ML, and cloud computing. The power and the cloud platforms of Microsoft possess the software having efficient digital transformations.
#2 IBM
IBM is known for a long-term investment in the technological combination of AI, blockchain, and cloud computing. This combination has helped the company to speed up its digital transformation.
#3 Apple
Apple is one of the other leading companies that contribute to the development of IoT in many ways. The company is the producer of handy, and multi-functional wearable devices with IoT, its functions and applications. Besides, the company has a regular investment in AI summing to an amount of $1 billion per year. This further showcases the commitment of the company towards the AI revolution.
#4 Samsung
Samsung is another company investing in the development of AI and 5G. Many of the “Samsung Galaxy devices” are a tangible example of AI and IoT serving consumers with better possibilities.
#5 Amazon
Amazon provides its consumers with personalization and automation in its logistics or e-commerce business. This tech giant utilizes a combination of AI, IoT, and blockchain technology in its operations. Examples are drone delivery and Amazon Go Service.
Conclusion
Many experts say that the future of technology starts today and the best fruits of technology are further evolving the society’s progress. Blockchain technology helps in improving data management. This further contributes to IoT and its functionality within smart devices along with smart, transparent, unchangeable, secure, and truthful functioning. The technology of Blockchain and AI along with IoT can enhance the benefits of each other, making the data more scalable and operational based on automated data.
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