AI Is IoT's Killer App [Forbes]
Silicon Laboratories, Inc. (SLAB)
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Source: Forbes
A colleague recently asked, “Is IoT dead? The Internet of Things was a big deal ten years ago, but it's not headline news anymore.” My short answer was, “No, IoT is not dead, but you're right about the novelty wearing off.” IoT technologies are evolving beyond the hype to connect real-world industrial and consumer “things” with AI-based, high-ROI applications. Like all successful enabling technologies, IoT becomes less visible but more valuable as it matures. This article is my long answer to my colleague's question. It explains how the combination of three tech trends—platform-based devices, AI's voracious appetite for real-world data and solution-focused product development—elevate IoT from novelty to profitability, enabling a wave of killer apps. Killer Apps In Industrial Verticals First, some context. A “killer app” is an application so valuable that it makes underlying products and technologies indispensable. It also disrupts the status quo, like Microsoft Office transformed
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