satyamkapoor

I work at ValueFirst Digital Media Private Ltd. I am a Product Marketer in the Surbo Team. Surbo is Chatbot Generator Platform owned by Value First. ...

I work at ValueFirst Digital Media Private Ltd. I am a Product Marketer in the Surbo Team. Surbo is Chatbot Generator Platform owned by Value First.

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IoT, AI & Blockchain will completely transform our world

Jan 11, 2018 | 5730 Views

In the 1960's and 70's a lot of us were immersed in the popular science culture of that era. From the discovery of DNA to moon landing to early computers to Star Trek. We were all intoxicated by the wonder of what might be possible.
Fast forward to present day and that sense of wonder is beginning to return.
The new emerging technologies like IoT, artificial intelligence & block chain promise to disrupt the way world works and usher in a new era. Once you take them together their transformative effect multiplies and there seems immense potential.
Intelligent Sensors Abound

Let's start with the Internet of Things, or IoT. Historically, humans made measurements and gathered data manually. The process was time-consuming and error-prone, as well as expensive.

In our new world of cheap sensors and cheap connectivity, we now can cost-effectively gather billions of data points, analyze them, and act on them in fractions of a second. As a result, everything around us is becoming an intelligent sensor: from factory machines and automobiles to even law enforcement officers.

Next up: artificial intelligence, or AI, which allows machines to reason and learn in ways once associated only with humans. Combine AI with IoT, and you have something vastly more interesting than either one by itself - the ability to recognize meaningful patterns buried in mountains of data, and do so in fractions of a second, in ways that would be exceptionally difficult for most humans. Better yet, the algorithms get smarter over time.

Now, let's add blockchain. Far more widely useful than for just crypto- currencies such as Bitcoin, blockchains create unalterable, persistent, and searchable records of events, transactions, contracts, and official documents.

If we think beyond the realm of humans interacting with each other, and look forward to the new world of autonomous systems interacting with each other, blockchain technology gives us a simple, cost-effective, and permanent record of decisions made and communicated on our behalf.

And, finally, the cloud: virtually limitless IT resources, available on demand, to power it all.

The Power of Three

Now, let's stretch a bit, and consider what these technologies could do together in the near future.

Today, we're just starting to use voice assistants to ask questions and buy stuff on the internet. What if we turned the model around?

Household IoT sensors monitor what we're consuming. Then AI reaches out to us when it thinks we're running out of a staple, asks us if we want to take an action, and we verbally confirm - with the whole series of events recorded via blockchain in the event of a dispute.

You'd never run out of coffee or paper towels again.

Here's another example. Today, we periodically interact with healthcare professionals, usually in a painfully inefficient way. I have to schedule a doctor's appointment, sit in a waiting room for awhile, try to remember my medical history, and answer a bunch of questions before we can get down to the business of healthcare advice or treatment.

I, for one, would be OK with wearing smart health sensors to monitor my medication intake. I also would be OK with AI reaching out to me if it detects a problem with, say, my blood pressure or sugar levels. Or even to natter at me when I've yet again neglected to take my meds.

Providing those detailed historical health records to a medical professional of my choice should be simple and easy, as should moving between healthcare providers. They aren't today. An IoT application would sense my health and activities, AI would watch and react, and all interactions could be verified and protected via blockchain.

It's a completely different model for routine healthcare, if you think about it.

Cyber security is today on everyone's mind. Our information systems are like huge IoT sensor networks that record and analyze every action we take. Advance AI can help spot anomalies in these actions in real time, identify potential threats & take protective action without any human assistance.

Our minds need to stretch in order to envision what all is possible with these three technologies coming together. It may be hard to wrap our heads around this since so much is changing in such a short time frame.

Source: HOB
satyamkapoor

I work at ValueFirst Digital Media Private Ltd. I am a Product Marketer in the Surbo Team. Surbo is Chatbot Generator Platform owned by Value First. ...

Full Bio 

I work at ValueFirst Digital Media Private Ltd. I am a Product Marketer in the Surbo Team. Surbo is Chatbot Generator Platform owned by Value First.

Success story of Haptik
41 days ago

Who is afraid of automation?
41 days ago

What's happening in AI, Blockchain & IoT
42 days ago

3 million at risk from the rise of robots
42 days ago

5 ways Machine Learning can save your company from a security breach
42 days ago

Google Course for IT beginners, certificate in 8 months: Enrollment starts on Coursera today, check details
27333 views

IIT Madras launches Winter Course on Machine Intelligence and Brain Research
11544 views

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9828 views

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9444 views

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8988 views