The Internet of Things (IoT) has gained immense momentum in recent years, with industries shifting towards the implementation of IoT solutions that drive the bottom line of their businesses. While connected electronics and wearables constitute a large portion of revenues from IoT, business-to-business applications and use cases are likely to subdue future IoT spending.
The scope of voice assistants with enhanced gesture control features has widened recently with the advent of voice-enabled artificial intelligence (AI) assistants such as Cortana, Google Assistant, and Siri. IoT technology combined with AI plays a pivotal role in the development of voice assistants. Artificial intelligence is transforming the manner in which humans interact with machines, leveraging the potential of virtual assistants to disrupt traditional advertising businesses, in effect influencing consumer purchase decisions. AI-based developments have gone mainstream, with businesses bringing improvements in their existing processes while eyeing the potential for newer revenue streams.
Fact.MR incorporates actionable insights and profound intelligence on evolving trends that impact advancements in future ready IoT and AI technologies. Democratization of machine learning models, simplification of human-machine interactions with natural language processing, and augmentation of the overall customer experience with sentiment analysis are a few key trends calling for developments in these technologies, and driving extensive IoT proliferation across industries.
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