6 ways AI and IoT is transforming business world in 2019

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6 ways AI and IoT is transforming business world in 2019
1. Inventory tracking and management
2. Data sharing and perception
3. Improved customer experience
4. An efficient hiring process
5. Data mining
6. Operational automation
Summing up

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From managing inventories to improving personalised shopping experiences and assisting in data mining, AI (Artificial Intelligence) and IoT (Internet of Things) is transforming how people do business today.
People often use AI and IoT as interchangeable terms as they are similar, but these trending technologies can be differentiated, says Gaurav Belani, senior SEO and content marketing analyst, at The 20 Media.
In simple terms, AI can be understood as a technology that enables machines to imitate human behaviour in an intelligent way.
But before we proceed, you might want to take a quick look at these vital IoT and AI statistics.
AI can boost business output by up to 40%.
After that, you can safely say that IoT and AI have found their way into the heart of businesses.
Here are 6 ways in which the business world in 2019 is changing with the introduction of IoT and AI:
Businesses that rely on storage and warehousing are benefitting a lot since IoT happened.
In retail, businesses also link AI with RFID and cloud technology to track inventory.
IoT has totally transformed the way you handle data.
Not only does it offer greater access to consumer data, but IoT devices can track and record patterns in which a user interacts with the devices.
Users get a better experience while businesses can easily interpret that data for improvement and growth.
AI can solve these issues by making the hiring process more efficient.
Apps being able to speedily discover vital and significant findings during the processing of big data is perhaps one of the biggest advantages of using cloud-based AI.
You can use AI to operate other technologies and increase automation in the industry.
Both IoT and AI are powerful, capable of making your business smarter.
Businesses can complete mammoth tasks quicker and more precisely with the help of AI and IoT, saving both time and money.
And these are only some of the gains of implementing AI and IoT strategy in business

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