AI Vs IoT (IoT and Artificial Intelligence Service) .pptx

Introduction
OpenTeQTechnologies
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We live in a generation of fast-growing technology. We find a great
emergence of new trends into the market which aids humans and creates a
user-friendly environment for optimum utilization of technology.
When it comes to the present date, Artificial Intelligence (AI) and the
Internet of things (IoT) are the two trends that have created a mark for
them. Artificial intelligence (AI) is all about adding the feature of intelligence
to the machines and making them smart and intelligent as humans. The
Internet of Things (IoT) is all about connecting all electronic devices to a
single network which are interlinked.
Keep reading the whole article for knowing in detail about AI and IoT and
how they are so different from each other.

OVERVIEW:
OpenTeQ Technologies
As said before, Artificial intelligence (AI) is the hot trend in computer science, it
mainly Aims at creating and designing machines by stimulating human intelligence
which results in producing smart machines that act and react more like humans.
Intelligent behaviour includes a set of roles such as communication, manipulation,
perception, reasoning, analysing, learning, and responding in complex situations.
AI also has scientific and engineering goals. AI technology has not only automated
the industrial process for making efficient and effective output but helps the
individuals and machines to work together. AI is being enforced not just into
manufacturing but also into other departments such as sales, marketing, customer
support, and research and development.
Artificial Intelligence (AI):

Internet of things (IoT):
The Internet of things (IoT) is another emerging trend in computer science,
IoT is all about an ecosystem of electronics devices connected to one single
network through the internet and wireless connectivity. All the connected
devices can send information through the inbuilt intelligent technology
which helps in creating smart devices and many more such as creating
wearable devices, smart cities, and smart homes.
It works by using the inbuilt or embedded systems like processors,
communication hardware, sensors for sensing, collecting, and acting
according to the data acquired from the environments. IoT devices
communicate by sharing the sensor data collected by them through an IoT
gateway. These devices also communicate with other devices and also act
according to the information received from other devices on the network.

Difference between AI and IoT
AI has brought highly strong cloud computing, which enables the machine
to learn, think, enact, and react much like humans by creating human
instances. Cloud computing is very much utilized by AI in performing huge
computations over a remote server called cloud with high configurations.
IoT also supports cloud computing efficiently. While in IoT cloud provides
a gateway for managing data.
Let us check out the difference between Artificial intelligence(Al) and the internet of things (IoT)
Cloud computing:
Procuring to the data obtained:
AI is based on data. It learns the data and encounters the errors and progress
ahead by rectifying them in a novel way. It also helps in decision making.
IoT is based on capturing moments from sensors, which brings in data and
stores, and on request and requirement, the data is retrieved.

Cost:
AI price depends upon the requirements and is calculated accordingly.
AI requires highly configured system architectures to perform huge
computations. Hence it costs a bit more for renting or leasing remote
servers etc.
IoT price is lesser as compared to AI. but IoT demands a set of
interconnecting hardware devices like sensors, led displays, controllers,
and many more. IoT devices can also be controlled using handheld
devices like mobile phones which also reduces the cost of buying the
dedicated controllers.
Scalability:
AI scalability is less as compared to IoT. but AI can be implemented on IoT
devices with high reach to control them.
IoT scalability is quite larger as it is based on the cloud.

Data:
AI requires huge data, like patterns, trends, and an understanding of human
behaviour. The data used in AI must be pre-processed and must be
meaningful to perform operations like data modelling and many more.
IoT is all about capturing moments so it depends upon sensors. Thus the
more sensors, the efficient the collected data is.
Objects:
AI is a complete system itself, so it doesn't require any specific systems.
IoT is about capturing data, so it requires connected devices that are
occupied with technology which helps as sensors in capturing moments
and other patterns too.
Algorithms:
AI is about learning, acting, and reacting as a human, so it mainly depends on keen
learning of algorithms that, will be received from different sources to develop human
behaviour into the system.
IoT is in go creating a customized algorithm to manipulate the system functionality.

Unique Features:
 It analyses the data
 Optimum utilization of procured data
 It stimulates human behaviour in machines.
Artificial Intelligence:
Internet of times:
 Assist the device
 It improves the efficiency and accuracy of the device
 It helps in predicting the device functionality.

Pros and Cons:
- Pros
 Helps in resolving complicated issues.
 Provides accurate results.
 Useful to complete recurring tasks.
 It coordinates humans and machines working together.
 It records data in a systematic order.
- Cons
 AI is expensive
 AI storage is costly
 Humans are more creative than AI
 High dependency on machines

- Pros
 Highly flexible.
 Enables you to stay connected
 Efficient energy consumption
 Portable application
 Highly useful in the health sector
 Cost efficiency
Internet of things (IoT)
- Cons
 Highly dependent on machines and technology, less human brain
is required.
 Increase lethargic among workers as it holds single click work.
 Increases unemployment.

Pricing:
The pricing of AI holds everything from the chat box to data analysis. This
technology has two poles, one can AI solution from a team of freelancing
data scientists to the third party.
 Custom AI solutions charge you in between 6000 USD to
300,0000 USD per solution
 Third party AI solutions charge you from 0 USD to 40,000 USD per
year.
Ongoing AI consulting services charge you according to the hourly fee.
They generally charge less.

Pricing:
There is no fixed price for IoT as it depends on the solution providing
company. But most of the companies follow a few models for charging their
users.
 1. Subscriptions: through this model customers can get an
opportunity to check out the services if they find worthy for their money
they continue being the company's customers and pay the amount at
regular intervals of time like monthly, annually.
 Pay-per-use: IoT services are generally seen in the B2B market, so
these help the business to stay connected up to their work and pay how
much they use it without any commitment.
And there are many other models an IoT solutions provider may follow to
meet the needs of different types of customers and communities.
Internet of times(IoT)

Conclusion:
AI and IoT are the present future. In this fast-growing world, the usage of AI and
IoT is rapidly growing. So it has become a necessity for every business to include
these technologies into their business operations not just to overthrow the
human errors, but also to increase productivity and smooth flowing of business.
When considered separately the internet of things and artificial intelligence are
the two most powerful technologies. But when we combine both AI and the
internet of things(IoT) we get AIoT. We can consider IoT as digital nerves while
the AI is brain of a network or system. AI and IoT are surprisingly logically
combined concepts. For example, we collect a big amount of meaningful or real-
time data, AI systems enrich such kinds of projects which will impact human life
and day to day devices can be enhanced for friendly interaction with humans.
Though both concepts spread their wings in a vast sector when combined the
wide wings fill human life with colours.

Contact Us
Email: info@openteqgroup.com
Mobile: +91 7032254999 (India) +1-602 806 4634 (US & Canada)

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AI Vs IoT (IoT and Artificial Intelligence Service) .pptx

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AI Vs IoT (IoT and Artificial Intelligence Service) .pptx