Two trends - Artificial Intelligence (AI) and Internet of Things (IoT) - are working together to benefit specialists and common person alike. IoT creates a tremendous amount of data which can be captured (big data) and analyzed. A human effort to track this data is unrealistic. Here comes AI that serves an important role in tracking — going through this mountain of IoT data and distilling it into actionable themes. With the advent of 4th industrial revolution it is being implemented in every industry by leading organizations looking to reach unprecedented efficiencies – human capacity truly reimagined. This theme as well as a co-located event at Geospatial World Forum will showcase ground-breaking solutions and will decipher the practical implications of AI for corporate organisations and government and how it is transforming business productivity today and will transform organisations in the future.

The AI & IoT Summit strives to disseminate insights to the spot-on value of IoT, moving from conceptualization to realization, i.e. implementation. There is a profusion of promise in the space of Artificial Intelligence and Internet of Things, as a means to create business value. Internet of Things and Cloud are important Infrastructures. But an infrastructure remains valid and relevant only when it does something towards driving the societal developments and growths.

It is predicted that by 2020, about 7.6 billion people will be interconnected via 50 billion devices which is a good indication of worldwide diffusion of things and data connected to the internet via IoT technology. According to business analysts, IoT technology will lead to an economic growth of 4.6 trillion dollars in the Global Public Sector by 2020.

Due to the emergence of enormous open source IoT and M2M platforms, the development of IOT systems is quite cost effective and worthy to start the IOT businesses. The resilience to manage sizable production of IOT products has immensely encouraged the electronics product owners to integrate their devices and products with mobile applications and networks. Also due to unlimited opportunities for IoT entrepreneurships and businesses, a huge number of small and medium sized business owners and entrepreneurs have already welcomed the gold rush for IOT worldwide.

While expectations for artificial intelligence are sky-high across industry and geography, few organizations have mastered integrating the technology into their business processes and offerings — and many who want to don’t fully understand the work that lies ahead. MIT Sloan Management Review’s recent AI research highlights examples of companies excelling at deploying machine learning at scale and also exposes key barriers to AI adoption, including problems related to data scarcity, talent management, and organizing for AI. Additionally, the present trajectory of AI advancement, across globe, indicates that future economies and national security will be defined by it, making it among a handful of technologies that will shape global politics. Security is seminal to AI & IoT.

31 percent of business decision makers say, “AI is the human like ability to perceive, learn, think, interact, and take actions”. AI leaders are finding that the aspiration for robots to be human is not as far away as we may think. However, to achieve near-sentience requires more than just purchasing technology. AI will reshape how firms acquire and develop technology, how business partnerships will change, and the how businesses fundamentally operate as robots become more human. Learn the new rules and strategies to make it and survive in the age of AI.

Security is seminal to AI and IoT both from users’ perspective from that of the solution and technology perspective. Countries across the Globe have started putting huge impetus around investments on AI research and development. AI advancements are manifested in projections on prioritizing cutting-edge fields such as robotics, swarm technology and machine learning. These technologies have immense potential to revolutionize warfare and change future security environments.

The AI & IoT Summit shall witness key addresses, panel discussion and brain storming sessions on themes across multiple sectors by global, regional and local experts to cut through the hype and share real case studies of successful adoption of projects for implementation. To build and strengthen a global Community of practices, the Forum sets to bring together Government, Policy makers, Corporates, Think Tanks, start-ups, Research, and Academia. The Forum provides the perfect platform to support a firm collaboration needed for organisations and economies to thrive.