AI and Machine Learning for the IoT

Growth of the Internet of Things (IoT) Advanced Analytics Market is accelerating, due in no small part to the emergence of enterprise data as a major factor. Out-of-the-box and off-the-shelf machine learning (ML) and artificial intelligence (AI) solutions are making it easier to process and transform data. In addition, vendors are now easing access to ML and AI toolsets by expanding availability through deployment options that include the edge, on-premises, cloud, Platform-as-a-Service (PaaS), and Software-as-a-Service (SaaS). In just six years, the IoT ML and AI market is expected to grow from US$1.09 billion this year to US$10.6 billion in 2026. Some vendors are deploying ML at the edge as SaaS packages, closer to the data source, enabling quick pattern recognition, labeling, and protocol optimization.