As IoT or the Internet of Things is increasingly getting popular, a lot of thinking has already begun as to how we can make the most out of it.IoT is believed to offer an ocean of big data that can greatly help cities with accurate predictions, provide medical science with real-time insight pertaining to various complex things such as pacemaker, biochips and more, predictive maintenance of equipment and machinery.
Many believe that with the advent of IoT, there would be a massive level of advancement in smart homes and self-driving cars. In fact, there’s an unimaginable level of possibilities that are yet to come our way with IoT. As the Internet of Things continues to find its way, the amount of data that would be created by the expansion of devices and sensors will bring about high levels of accuracy in reaching various conclusions, be it business risks or opportunities.
Accurate Data Analysis; the Real Challenge
Also, it will help us reach important decisions pretty fast unlike ever before. This will undoubtedly offer a huge amount of data but the real problem would actually begin when it comes to analyzing the data. Considering the huge amount of data, the traditional methods will not work at all and it certainly would need a large number of highly competent data analysts.
Only with a fast and accurate data analysis, IoT could let its promises come true. On the contrary, with inaccurate data analysis, things may get extremely disastrous, irritating and even life-threatening with malfunctioning of the various devices and appliances. Machine Learning, the study of artificial intelligence wherein the sole emphasis is upon creating systems that can actually learn from data can be massively effective in capitalizing on the IoT generated data.
Huge Demand for Unbeatable AI Based Products Among the Companies
Also, there’s a growing awareness among the businesses about the massive deal of business opportunities that the IoT and AI stores and subsequently, IT industries are into a constant pressure to perform brilliantly and come up with unbeatable AI-based products to help many companies standout amongst the others in this aggressive race of competition nowadays.
This has, in turn, increased the demand for competent IT workers especially those with a deep understanding of Machine learning, multiple programming languages, and software. However, this is both bad and good news for IT workers. With more competent IT workers coming in, it could be a do or die situation for many other IT workers who have been working in the traditional pattern so far. Things are going to get a lot competitive in the IT industry for sure. However, the result is expected to be unimaginably advanced unlike ever before.
IT Industry Is Heading off to a Roller Coaster Ride
With IoT or Machine Learning and automation, there’s undoubtedly an increasing requirement for more IT employees who aren’t merely data scientists but professionals who can play with the data in all aspects besides data analyzing. Interestingly, with this huge need for competent employees thorough with IoT and Artificial intelligence, the IT sector is certainly heading off to a roller coaster ride.
According to a recent study, there has already been a 3% increase in the IT salary ever since IoT and AI have been introduced. As a matter of fact, the time has come when IT workers with the ability to handle multiple software can start expecting a higher salary. The demand for the popular data analytics tool, ‘R’ and the most popular programming language, Python is increasing even further.
The Success Story of AI So Far
In fact, few of the top-notch companies have already been able to incorporate artificial intelligence into their products and subsequently, achieve a considerable amount of success as well. One of such companies happens to be the Amazon. Amazon Echo with the voice assistant Alexa is increasingly getting popular among the people.
Also, it is believed to bring about a massive transformation in the perception of smart homes. Things are certainly going to get a lot better and advanced. Interestingly, every single thing nowadays is based on accurate data analysis and IoT along with Artificial Intelligence is certainly going to bring about a massive amount of convenience as well as advancement in every field of life.