Back in 2015, Bank of America Merrill Lynch (BAML) had estimated that the robot and artificial intelligence (AI) solutions market will touch US$153 billion per year (with close to 50% of this being contributed by AI-based analytics) by 2020. The market for Industrial Internet of Things (IIoT) applications, on the other hand, is expected to exceed US$300 billion in the same year.
#IIoT & #AI: The Celebrity Wedding of the Decade #IoT
#BigData (tweet this)
The celebrity wedding of the decade in the manufacturing industry probably started on the wrong foot with a lot of misgivings and misunderstandings. But like any other marriage, all it needs is a little effort to make it work. The advent of the IIoT and AI is the best thing that’s happened to the industry, and there are no two ways about it. Today, these two breakthrough technologies are redefining the way the industry operates, gradually pervading every sphere of functioning. In fact, AI alone has proven to be as disruptive as the PC. And you know what? After the long, weary night that manufacturing’s been through, this is exactly what we needed.
Anita Raj is a Product Marketing and Growth Hacking Strategist on the Progress DataRPM team, with over 10 years of experience working in the field of big data, cloud and machine learning. She brings a deep expertise in running growth marketing leadership experience at multi-billion-dollar enterprise companies and high growth start-ups.
Subscribe to get all the news, info and tutorials you need to build better business apps and sites
Copyright © 2019 Progress Software Corporation and/or its subsidiaries or affiliates.All Rights Reserved.
Progress, Telerik, Ipswitch, and certain product names used herein are trademarks or registered trademarks of Progress Software Corporation and/or one of its subsidiaries or affiliates in the U.S. and/or other countries. See Trademarks for appropriate markings.