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 @datarpm Click To Tweet
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.
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