Companies using AI and IoT Together Have Advantage, Study Says

A recent survey of global business leaders indicates that the most significant predictor in realizing value from Internet of Things (IoT) initiatives across an organization is the heavy use of Artificial Intelligence (AI). The study, conducted by SAS, Deloitte and Intel with help from IDC, asked 450 business leaders from around the world about their use of IoT and AI technologies. Ninety percent of survey respondents heavily using AI in their IoT operations reported exceeding value expectations. The research also showed organizations using IoT with AI appear to be more competitive than IoT-only enterprises by a double-digit margin across a variety of business indicators like employee productivity, innovation and operating costs. "In these results, we are seeing that organizations working with IoT data realize that if they want to get the real value out of the data, they need AI and analytics," said Oliver Schabenberger, COO, SAS.