The Role of AI, ML and IoT in Digital Transformation
Adoption of digital technology by a company, which is essentially the overall Digital Transformation is not a new concept. Technologies that are used to drive the digital transformation began its development almost half a century back around 1970s. As the technology has become more accessible now, digital transformation is widely used by businesses and organizations as it keeps them in a position to stay ahead of the curve.
There are primarily 4 main areas of digital transformation i.e., companies can either plan to offer a new product, offer a new service, improve existing business process or create a new business model altogether. But since digital transformation is a lot more than just adding new technology, organizations are nowadays planning and proactively building a Digital Transformation Strategy. Organizations have begun to realize that AI, ML tools combined with IoT channel are readily available for smoother transformation to enhance customer experiences, improve processes and get a competitive edge.
Instead of waiting for the sales the decline to take actionable measures, Machine Learning uses readily available data to analyze patterns and provides insights on customer behavior beforehand. Along with this Artificial Intelligence in Digital Transformation mimics the human intelligence and takes advantage of insights generated through ML.
In order to gather data used in the AI and ML, IoT plays a big role as it is network of smart devices, sensors and other systems which exchange data over the internet. The combination of AI, ML and IoT has dramatically paved way for Consumer IoT, Automotive IoT, Smart device Services and Solutions.
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Artificial Intelligence algorithms enhance the ability IoT platforms as well as data analytics to provide value to markets such as healthcare, construction, logistics, banking and finance. Given the flexibility of digital transformation enterprise and industrial sectors are rapidly digitizing their products and services. Several smart city projects have evolved by leveraging next-generation decision making algorithms along with IoT to improve operational efficiency of cities.
Digital transformations can be as basic as a fundamental transformation of all business areas of the company. Innominds Digital Transformation Services are aligned to meet your stage-specific needs across the entire product life cycle. We help by supporting our clients when they face critical competitive threats and require help pivoting with ease, scaling faster, and expanding by testing and integrating new ideas. Innominds has the right technology, resources, and experience to help you in achieving your next digital agenda. Get in touch with us today.
Note: — The Blog was originally published on justpaste.it website.
