The impact of AI, Blockchain, and IoT technologies is realized by every major section of the society. The little we have discussed the amalgamation of these three technologies and how it can impact the business industry.
According to Gartner’s predictions, the total spending on IoT Endpoint Security solutions will rise from $240M in 2016 to $631M in 2021, accomplishing a CAGR of 21.38%.
According to Tractica, a Market Research Firm - the global AI software market is expected to experience a revenue increase from 9.5 billion U.S. dollars in 2018 to 118.6 billion by 2025.
As per Stratista’s predictions, global blockchain technology revenues are expected to rise by 23.3 billion U.S dollars by 2023.
The above predictions state that businesses can invest in these technologies to experience rapid technological advancement. The amalgamation of AI, blockchain, and IoT technologies can influence the revenue of businesses. Let’s discuss how!
Oodles Technologies is a well-established software development company. We use AI, blockchain, IoT technologies to design apps for clients across the globe.
We are an IoT app development company that provides various office and home automation solutions to clients across the globe.
Artificial Intelligence, when combined with IoT, provides a gradient system which is powerful and interesting. AI can analyze the data captured on the IoT devices to identify decisive patterns that were difficult for humans to discover and alter.
AI, when combined with IoT and Blockchain, provides a new view of the future. IoT systems will gather data that will be analyzed by AI. AI Analyzed data is further recorded and time-stamped on the blockchain platform as a persistent record of choices made and communicated on our behalf.
Are you planning to use the three disruptive technologies to bring changes to your organization? Click to get in touch with our experts today!