Continuous Improvement through IoT, Big Data, AI

IoT (Internet of Things), Big Data, and AI (Artificial Intelligence) are the hottest keywords in business and techspace these days. Each technology is not the result of a single novel technology. These three technologies all potentially disruptive when they are orchestrated together in complementary relation. The largest feeder of Big Data is IoT and AI is where the big data is utilized the most. The output of AI is fed back to business (products or services) and IoT is used to track the outcome of it.

Big Data refers to massive data sets brought on by new technologies like the IoT. These data sets are so large and complex that it is hard to analyze them and identify patterns in data set using traditional techniques. The real value of big data is in the insights it produces when analyzed—discovered patterns, derived meaning, indicators for decisions, and ultimately the ability to respond to the world with greater intelligence. Artificial Intelligence is used to explore the data and to discover interrelationships and patterns to make better decisions.

Continue Improvement of your business through these three technologies will provide more predictive analytics and demonstrable outcomes for your business success. How these technologies impact your products and services should be carefully considered.