Marrying AI And The Internet Of Things To Drive Smart Technologies

Anku Jain, Managing Director, MediaTek IndiaMediaTek is a global fabless semiconductor company that enables more than 1.5 billion consumer products a year. We are a market leader in developing tightly-integrated, power-efficient systems-on-chip (SoC) for mobile devices, home entertainment, network and connectivity, automated driving, and IoT.

Technology is getting smarter by the day, fast becoming an intrinsic part of our daily lives. From the moment we wake up, it is watching and analyzing us, thinking ahead of us, predicting behavior and patterns to make our lives easier, healthier and better.

Cutting-edge technologies like IoT and AI are seeing widespread acceptance globally. According to IDC, India is only behind China and South Korea in terms of IoT spending in the region, with about USD 21 billion spent this year. According to industry estimates, the region is expected to become the global leader in IoT spending, accounting for about 36 percent of the worldwide total. The massive potential of IoT to drive revolutionary modernization in industries across telecom, utilities, logistics, manufacturing, and transportation is the key reason for this wide-spread enthusiasm.

IoT is transforming operations and best practices, enabling companies to specifically target the desired out-comes of the end customer. Amongst the large number of connected devices that we use today, a majority of them are powered by IoT. Technology companies, including ours, are focused on creating new platforms and chipsets to power this next generation of devices in India. The convergence of these two
technologies is making an increasing number of internet-connected devices, even more, cleverer and smarter. Assisted by large volumes of data that is collected, shared and analyzed these innovative technologies have the potential to change a lot of the way we do things.

This fusion of IoT and AI, powered by intelligent sensors provides real-time data and feedback that enables companies to determine when a piece of machinery or equipment will break down and proactively intervene to prevent failure. Sensors can also suggest immediate action to prevent power outages and, for instance, make India's vast rail network safer by warning the controls of impending track failures. The continuous data captured by adaptive sensors can enable systems to learn the right actions to be taken autonomously.

IoT is transforming operations and best practices, enabling companies to specifically target the desired outcomes of the end customer

Another domain gaining ground in India is the advent of smart home products. In 2018, spending on home automation products was about 1 to 3 percent of the total cost of homes, with security and surveillance products identified as the most desired enhancements in India's home automation market. Over time, we can also expect smart devices such as advanced refrigerators and washing machines to make their way into the new-age home.

As the IoT industry evolves into AIoT, the potential for new applications, such as facial access control to secure entry points for employees in smart buildings or high-resolution cameras and an integrated depth engine in automated forklifts to enhance scenario awareness and obstacle detection, can be expanded to the data processing IoT devices. Such innovations are anticipated to revolutionize homes, buildings, cities, and the entire industry going ahead. As more consumers adopt IoT devices, these technologies will be able to learn and react intelligently to tailor and improve the user experience, especially because industry 5.0 is all about people using machine learning, IoT and AI to get rid of monotonous jobs.

While the automotive sector has climbed onto the smart tech bandwagon, the International Federation of Robotics (IFR) reported that India still lags behind Japan, the US, and Germany when it comes to robotics adoption, largely because of a lack of skilled workforce to work alongside emerging technologies.

As we stride ahead, companies will need to combine IoT with AI technologies to realize the full potential of IoT enablement while quickly identifying how they'll drive value because ready or not, IoT devices will soon be here to push the industry forward..