{"id":3434,"date":"2020-10-28T00:13:12","date_gmt":"2020-10-28T00:13:12","guid":{"rendered":"https:\/\/techclot.com\/index.php\/2020\/10\/28\/artificial-intelligence-in-iot-sees-gains-but-talents-a-hurdle\/"},"modified":"2020-10-28T00:13:12","modified_gmt":"2020-10-28T00:13:12","slug":"artificial-intelligence-in-iot-sees-gains-but-talents-a-hurdle","status":"publish","type":"post","link":"https:\/\/techclot.com\/index.php\/2020\/10\/28\/artificial-intelligence-in-iot-sees-gains-but-talents-a-hurdle\/","title":{"rendered":"Artificial Intelligence in IoT Sees Gains but Talent&#8217;s a Hurdle"},"content":{"rendered":"<p><a href=\"https:\/\/www.google.com\/url?rct=j&#038;sa=t&#038;url=https:\/\/www.iotworldtoday.com\/2020\/10\/27\/artificial-intelligence-in-iot-sees-gains-but-talents-a-hurdle\/&#038;ct=ga&#038;cd=CAIyHDkyYmU1MGQ5NjY1NjYxZTA6Y28udWs6ZW46R0I&#038;usg=AFQjCNED3ezANQsUFHJmpxlGiL2jX_HEVw\">Artificial Intelligence in IoT Sees Gains but Talent&#8217;s a Hurdle<\/a><\/p>\n<p><p>\n\t\t\t\t\t<span class=\"entry-subtitle\">While analytics and artificial intelligence in IoT are gaining in importance, deploying them often remains challenging.  <\/span><\/p>\n<div readability=\"188.4382419803\">\n<p class=\"first_paragraph\"><span>Key takeaways from this article are the following:<\/span><\/p>\n<ul>\n<li><span>The majority of respondents to IoT World Today\u2019s recent IoT adoption survey view data analytics as an essential component of Internet of Things projects.&nbsp;<\/span><\/li>\n<li><span>More than two-thirds of respondents use artificial intelligence in IoT deployments. The use of analytics for IoT applications is similarly widespread.&nbsp;<\/span><\/li>\n<li><span>Despite the popularity of analytics and artificial intelligence, talent constraints are slowing adoption.&nbsp;&nbsp;<\/span><\/li>\n<\/ul>\n<p><span>Artificial intelligence is a vital component of digital transformation initiatives as the volume of data that organizations gather continues to swell.&nbsp;<\/span><\/p>\n<p><span>A total of 69% of survey respondents to the 2020 IoT Adoption Survey reported using artificial intelligence (AI)\/machine learning (ML) as part of IoT initiatives. Top AI priorities include performance monitoring and trend forecasting in addition to sensor and business data integration. Other popular applications of artificial intelligence in IoT projects include ensuring security, computer vision and product design and testing.&nbsp;<\/span><\/p>\n<p><span>Those findings are consistent with other data. Microsoft\u2019s 2020 <\/span><a href=\"https:\/\/azure.microsoft.com\/mediahandler\/files\/resourcefiles\/iot-signals\/IoT%20Signals_Edition%202_English.pdf\" target=\"_blank\" rel=\"noopener noreferrer\"><span>IoT Signals research<\/span><\/a><span>, for instance, reported that 79% of organizations use AI as part of IoT deployments.&nbsp;<\/span><\/p>\n<p><b><i>[To learn more about IIoT, take part in our virtual Industrial IoT World event this December! <\/i><\/b><a href=\"https:\/\/tmt.knect365.com\/industrial-iot-world\/?utm_campaign=TEC6626-industrial-iot-world&amp;utm_content=article&amp;utm_medium=referral&amp;utm_source=iot-world-today&amp;mc=partner_iotwt_iiot_article\" target=\"_blank\" rel=\"noopener noreferrer\"><b><i>Learn More<\/i><\/b><\/a><b><i>]<\/i><\/b><\/p>\n<p><span>The concept of artificial intelligence has become more defined, according to Jason Haward-Grau, an advisory managing director at KPMG. A few years ago, \u201cThere was a sense that AI is the next big thing. It\u2019s going to do all these wonderful things,\u201d Hayward-Grau said.&nbsp;<\/span><\/p>\n<p><span>But the outcome of using artificial intelligence was unc<\/span><span>lear in the past. One complication is that in many environments with IoT projects, legacy equipment is common. Industrial equipment, for instance, can be in use for <\/span><a href=\"https:\/\/www.reuters.com\/article\/us-usa-manufacturing-investment-analysis\/old-machines-show-why-trump-tax-breaks-may-not-spark-new-company-spending-idUSKCN18E1DI\" target=\"_blank\" rel=\"noopener noreferrer\"><span>a decade or more<\/span><\/a><span>. \u201cThere was the question of where AI is going to fit. [Operational technology] systems are pretty antiquated most of the time,\u201d Hayward-Grau said.&nbsp;<\/span><\/p>\n<p><span>But growing investment in IoT technology in the industrial and other sectors is helping clarify that question. A significant number of respondents to the IoT World Today survey indicated that data management was vital for IoT projects. Some 29% of respondents selected data management as a spending priority, while 22% indicated that interpreting data from IoT devices or sensors data was a key initiative. Predictive maintenance was a priority for 19% of respondents.&nbsp;<\/span><\/p>\n<p><b>Use of AI in IoT Deployments&nbsp;<\/b><\/p>\n<p><span>The most common use cases for artificial intelligence in IoT projects are performance monitoring, with 57% of respondents, followed by integrating sensor and business data (47%) and trend forecasting (41%). Other popular applications of AI were security optimization and audio\/video analysis \u2014 both with 32%.&nbsp;<\/span><\/p>\n<p><span><img data-recalc-dims=\"1\" decoding=\"async\" class=\"aligncenter wp-image-13880 size-full lazyload\" data-src=\"https:\/\/i0.wp.com\/techclot.com\/wp-content\/uploads\/2020\/10\/6TWaov.jpg?resize=640%2C347&#038;ssl=1\" alt width=\"640\" height=\"347\" data-srcset=\"https:\/\/techclot.com\/wp-content\/uploads\/2020\/10\/6TWaov.jpg 1030w, https:\/\/www.iotworldtoday.com\/files\/2020\/10\/AI-Machine-Learning-Graphic-300x163.jpg 300w, https:\/\/www.iotworldtoday.com\/files\/2020\/10\/AI-Machine-Learning-Graphic-768x416.jpg 768w, https:\/\/www.iotworldtoday.com\/files\/2020\/10\/AI-Machine-Learning-Graphic-1024x555.jpg 1024w, https:\/\/www.iotworldtoday.com\/files\/2020\/10\/AI-Machine-Learning-Graphic-100x54.jpg 100w\" data-sizes=\"(max-width: 1030px) 100vw, 1030px\" src=\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\" style=\"--smush-placeholder-width: 640px; --smush-placeholder-aspect-ratio: 640\/347;\"><\/span><\/p>\n<p><span>As IoT and AI advance, the synergies between them become more apparent, according to Chander Damodaran, chief architect, digital, at Brillio, a consultancy. \u201cAs I bring in AI, IoT, cloud and intelligent networks, these technologies open up many new use cases,\u201d Damodaran said.&nbsp;&nbsp;&nbsp;&nbsp;<\/span><span>&nbsp;&nbsp;<\/span><\/p>\n<p><span>More-advanced AI applications have also gained traction. <\/span><a href=\"https:\/\/www.gartner.com\/en\/newsroom\/press-releases\/2019-02-20-gartner-survey-reveals-digital-twins-are-entering-mai\" target=\"_blank\" rel=\"noopener noreferrer\"><span>A 2018 Gartner survey<\/span><\/a><span> found that three-quarters of IoT implementers were either using digital twins or planned on deploying the technology within the next 12 months. <\/span><a href=\"https:\/\/research.verdantix.com\/report\/digital-twin-adoption-set-to-take-off-across-multiple-industries\" target=\"_blank\" rel=\"noopener noreferrer\"><span>Research from Verdantix<\/span><\/a><span> from 2019 also indicated broad support for the technology for industrial applications.&nbsp;&nbsp;&nbsp;<\/span><\/p>\n<p><span>The subject of predictive analytics has received considerable attention, and 67% of IoT implementers find analytics-driven forecasting to be either extremely or very beneficial, according to <\/span><a href=\"https:\/\/www.iotworldtoday.com\/2020\/08\/05\/iot-analytics-reaching-new-levels-of-maturity-and-deployment\/\" target=\"_blank\" rel=\"noopener noreferrer\"><span>separate research from IoT World Today<\/span><\/a><span>.&nbsp;<\/span><\/p>\n<p><span>Artificial intelligence has the potential to be a core technology for security teams managing connected environments. \u201cWhere I think AI is going to dominate is in areas where automation, integration of communication, and orchestration come into play,\u201d Haward-Grau said. \u201cI don\u2019t see AI running security operations, but I do see smart AI enabling security operations teams that are already overwhelmed.\u201d&nbsp;<\/span><\/p>\n<p><span>Just as <\/span><a href=\"https:\/\/www.iotworldtoday.com\/2020\/10\/07\/network-connectivity-paves-way-with-caveats-for-iot-adoption\/\"><span>COVID-19 has spurred digital transformation projects<\/span><\/a><span>, the pandemic could also drive interest in AI for security. \u201cThe attacking environment has gotten richer,\u201d Haward-Grau said. Already, many security teams were overwhelmed with managing a growing number of IT endpoints, including IoT devices. The newfound prevalence of remote work and continued IoT adoption ups the stakes. \u201cThe ability to respond [to cybersecurity threats and vulnerabilities] has been degraded significantly,\u201d Haward-Grau said.&nbsp;<\/span><\/p>\n<p><b>Challenges for Deploying AI and Analytics in IoT Contexts&nbsp;<\/b><\/p>\n<p><span>Despite the promise of AI to streamline operations and automate manual tasks, talent constraints remain a typical stumbling block. Almost one in three (29%) respondents reported struggling to find data analytics and AI staff.&nbsp;<\/span><\/p>\n<p><span>It is common for AI and data science applicants to inflate their experience, according to Umesh Ramakrishnan, office of the CEO at executive search firm Kingsley Gate Partners. \u201cWhile every single person you talk to in this space will tell you that they are AI or ML or data science experts, the actual percentage of true expertise is probably less than 25% of that talent pool,\u201d Ramakrishnan said.&nbsp;<\/span><\/p>\n<p><span>Ensuring data security is an even greater challenge than locating talent. Some 46% of respondents struggle to keep data secure. Expanding IoT projects and the simultaneous use of cloud- and edge-based processing can lead to complex information flows that are difficult to secure without a mature data management strategy. While data security can be vexing in the context of IoT-based analytics, data analytics offer considerable promise for cybersecurity. Some 81% of IoT implementers found data analytics to be extremely or very beneficial for cybersecurity and risk management according to <\/span><a href=\"https:\/\/www.iotworldtoday.com\/2020\/08\/05\/iot-analytics-reaching-new-levels-of-maturity-and-deployment\/\" target=\"_blank\" rel=\"noopener noreferrer\"><span>research from IoT World Today<\/span><\/a><span>.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<\/span><\/p>\n<p><span>The prospect of deploying AI is frequently challenging in its own right, according to Gartner and PwC. \u201cIT leaders responsible for AI are discovering \u2018AI pilot paradox,\u2019 where launching pilots is deceptively easy but deploying them into production is notoriously challenging,\u201d according to Chirag Dekate, a senior director analyst at <\/span><a href=\"https:\/\/www.gartner.com\/smarterwithgartner\/gartner-predicts-the-future-of-ai-technologies\/\" target=\"_blank\" rel=\"noopener noreferrer\"><span>Gartner<\/span><\/a><span>. While interest in artificial intelligence remains high, few organizations \u2014 just 4% \u2014 are ready to deploy it enterprise-wide in 2020, according to <\/span><a href=\"https:\/\/www.pwc.com\/us\/en\/services\/consulting\/library\/artificial-intelligence-predictions-2020.html\" target=\"_blank\" rel=\"noopener noreferrer\"><span>PwC<\/span><\/a><span>.&nbsp;<\/span><\/p>\n<p><span>The IoT market has faced similar challenges in the past. In 2017, <\/span><a href=\"https:\/\/www.mckinsey.com\/~\/media\/mckinsey\/business%20functions\/operations\/our%20insights\/how%20digital%20manufacturing%20can%20escape%20pilot%20purgatory\/digital-manufacturing-escaping-pilot-purgatory.pdf\"><span>McKinsey<\/span><\/a><span> found that 84% of IoT implementers were stuck in pilot mode for at least one year and 28% for two years.&nbsp;<\/span><\/p>\n<p><span>The most recent IoT World Today data suggests, however, that a significant number of IoT implementers are making strides with data analytics. A total of 56% of respondents reported using data analytics for at least some business applications.&nbsp;<\/span><\/p>\n<p><span>The top barriers for analytics budget constraints (42%), lack of in-house support (38%) and limited need (35%).&nbsp;&nbsp;<\/span><\/p>\n<p><span>Talented professionals well-versed in IoT and data science who are also capable leaders can overcome such hurdles, according to Ramakrishnan. \u201cThe ability to tie an individual employee\u2019s objectives to the overall mission of the company is a leadership attribute that is rarely seen in executives,\u201d he said. \u201cAnd that\u2019s the kind of executive that you need to lead a cultural transformation that is layered on top of a technology transformation.\u201d<\/span><\/p>\n<p><b>Methodology<\/b><\/p>\n<p><span>Between June and August of 2020, IoT World Today surveyed 471 respondents about their IoT adoption plans and budget. Fifty-nine percent of respondents were from the U.S., 14% from Europe, 10% from Asia and 17% from other regions. Fifty-eight percent were from companies of fewer than 500 employees, 17% were from companies of 10,000-plus employees, 29% are from companies of 1,000\u20139,999 employees, and 7% are from companies of 500\u2013999 employees.<\/span><\/p>\n<\/p><\/div>\n<\/p>\n<p>Published at Tue, 27 Oct 2020 17:03:45 +0000<\/p>\n<p><a href=\"https:\/\/www.google.com\/url?rct=j&#038;sa=t&#038;url=https:\/\/www.iotworldtoday.com\/2020\/10\/27\/artificial-intelligence-in-iot-sees-gains-but-talents-a-hurdle\/&#038;ct=ga&#038;cd=CAIyHDkyYmU1MGQ5NjY1NjYxZTA6Y28udWs6ZW46R0I&#038;usg=AFQjCNED3ezANQsUFHJmpxlGiL2jX_HEVw\">Artificial Intelligence in IoT Sees Gains but Talent&#8217;s a Hurdle<\/a><\/p>\n<p><p>\n\t\t\t\t\t<span class=\"entry-subtitle\">While analytics and artificial intelligence in IoT are gaining in importance, deploying them often remains challenging.  <\/span><\/p>\n<div readability=\"188.4382419803\">\n<p class=\"first_paragraph\"><span>Key takeaways from this article are the following:<\/span><\/p>\n<ul>\n<li><span>The majority of respondents to IoT World Today\u2019s recent IoT adoption survey view data analytics as an essential component of Internet of Things projects.&nbsp;<\/span><\/li>\n<li><span>More than two-thirds of respondents use artificial intelligence in IoT deployments. The use of analytics for IoT applications is similarly widespread.&nbsp;<\/span><\/li>\n<li><span>Despite the popularity of analytics and artificial intelligence, talent constraints are slowing adoption.&nbsp;&nbsp;<\/span><\/li>\n<\/ul>\n<p><span>Artificial intelligence is a vital component of digital transformation initiatives as the volume of data that organizations gather continues to swell.&nbsp;<\/span><\/p>\n<p><span>A total of 69% of survey respondents to the 2020 IoT Adoption Survey reported using artificial intelligence (AI)\/machine learning (ML) as part of IoT initiatives. Top AI priorities include performance monitoring and trend forecasting in addition to sensor and business data integration. Other popular applications of artificial intelligence in IoT projects include ensuring security, computer vision and product design and testing.&nbsp;<\/span><\/p>\n<p><span>Those findings are consistent with other data. Microsoft\u2019s 2020 <\/span><a href=\"https:\/\/azure.microsoft.com\/mediahandler\/files\/resourcefiles\/iot-signals\/IoT%20Signals_Edition%202_English.pdf\" target=\"_blank\" rel=\"noopener noreferrer\"><span>IoT Signals research<\/span><\/a><span>, for instance, reported that 79% of organizations use AI as part of IoT deployments.&nbsp;<\/span><\/p>\n<p><b><i>[To learn more about IIoT, take part in our virtual Industrial IoT World event this December! <\/i><\/b><a href=\"https:\/\/tmt.knect365.com\/industrial-iot-world\/?utm_campaign=TEC6626-industrial-iot-world&amp;utm_content=article&amp;utm_medium=referral&amp;utm_source=iot-world-today&amp;mc=partner_iotwt_iiot_article\" target=\"_blank\" rel=\"noopener noreferrer\"><b><i>Learn More<\/i><\/b><\/a><b><i>]<\/i><\/b><\/p>\n<p><span>The concept of artificial intelligence has become more defined, according to Jason Haward-Grau, an advisory managing director at KPMG. A few years ago, \u201cThere was a sense that AI is the next big thing. It\u2019s going to do all these wonderful things,\u201d Hayward-Grau said.&nbsp;<\/span><\/p>\n<p><span>But the outcome of using artificial intelligence was unc<\/span><span>lear in the past. One complication is that in many environments with IoT projects, legacy equipment is common. Industrial equipment, for instance, can be in use for <\/span><a href=\"https:\/\/www.reuters.com\/article\/us-usa-manufacturing-investment-analysis\/old-machines-show-why-trump-tax-breaks-may-not-spark-new-company-spending-idUSKCN18E1DI\" target=\"_blank\" rel=\"noopener noreferrer\"><span>a decade or more<\/span><\/a><span>. \u201cThere was the question of where AI is going to fit. [Operational technology] systems are pretty antiquated most of the time,\u201d Hayward-Grau said.&nbsp;<\/span><\/p>\n<p><span>But growing investment in IoT technology in the industrial and other sectors is helping clarify that question. A significant number of respondents to the IoT World Today survey indicated that data management was vital for IoT projects. Some 29% of respondents selected data management as a spending priority, while 22% indicated that interpreting data from IoT devices or sensors data was a key initiative. Predictive maintenance was a priority for 19% of respondents.&nbsp;<\/span><\/p>\n<p><b>Use of AI in IoT Deployments&nbsp;<\/b><\/p>\n<p><span>The most common use cases for artificial intelligence in IoT projects are performance monitoring, with 57% of respondents, followed by integrating sensor and business data (47%) and trend forecasting (41%). Other popular applications of AI were security optimization and audio\/video analysis \u2014 both with 32%.&nbsp;<\/span><\/p>\n<p><span><img data-recalc-dims=\"1\" decoding=\"async\" class=\"aligncenter wp-image-13880 size-full lazyload\" data-src=\"https:\/\/i0.wp.com\/techclot.com\/wp-content\/uploads\/2020\/10\/6TWaov.jpg?resize=640%2C347&#038;ssl=1\" alt width=\"640\" height=\"347\" data-srcset=\"https:\/\/techclot.com\/wp-content\/uploads\/2020\/10\/6TWaov.jpg 1030w, https:\/\/www.iotworldtoday.com\/files\/2020\/10\/AI-Machine-Learning-Graphic-300x163.jpg 300w, https:\/\/www.iotworldtoday.com\/files\/2020\/10\/AI-Machine-Learning-Graphic-768x416.jpg 768w, https:\/\/www.iotworldtoday.com\/files\/2020\/10\/AI-Machine-Learning-Graphic-1024x555.jpg 1024w, https:\/\/www.iotworldtoday.com\/files\/2020\/10\/AI-Machine-Learning-Graphic-100x54.jpg 100w\" data-sizes=\"(max-width: 1030px) 100vw, 1030px\" src=\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\" style=\"--smush-placeholder-width: 640px; --smush-placeholder-aspect-ratio: 640\/347;\"><\/span><\/p>\n<p><span>As IoT and AI advance, the synergies between them become more apparent, according to Chander Damodaran, chief architect, digital, at Brillio, a consultancy. \u201cAs I bring in AI, IoT, cloud and intelligent networks, these technologies open up many new use cases,\u201d Damodaran said.&nbsp;&nbsp;&nbsp;&nbsp;<\/span><span>&nbsp;&nbsp;<\/span><\/p>\n<p><span>More-advanced AI applications have also gained traction. <\/span><a href=\"https:\/\/www.gartner.com\/en\/newsroom\/press-releases\/2019-02-20-gartner-survey-reveals-digital-twins-are-entering-mai\" target=\"_blank\" rel=\"noopener noreferrer\"><span>A 2018 Gartner survey<\/span><\/a><span> found that three-quarters of IoT implementers were either using digital twins or planned on deploying the technology within the next 12 months. <\/span><a href=\"https:\/\/research.verdantix.com\/report\/digital-twin-adoption-set-to-take-off-across-multiple-industries\" target=\"_blank\" rel=\"noopener noreferrer\"><span>Research from Verdantix<\/span><\/a><span> from 2019 also indicated broad support for the technology for industrial applications.&nbsp;&nbsp;&nbsp;<\/span><\/p>\n<p><span>The subject of predictive analytics has received considerable attention, and 67% of IoT implementers find analytics-driven forecasting to be either extremely or very beneficial, according to <\/span><a href=\"https:\/\/www.iotworldtoday.com\/2020\/08\/05\/iot-analytics-reaching-new-levels-of-maturity-and-deployment\/\" target=\"_blank\" rel=\"noopener noreferrer\"><span>separate research from IoT World Today<\/span><\/a><span>.&nbsp;<\/span><\/p>\n<p><span>Artificial intelligence has the potential to be a core technology for security teams managing connected environments. \u201cWhere I think AI is going to dominate is in areas where automation, integration of communication, and orchestration come into play,\u201d Haward-Grau said. \u201cI don\u2019t see AI running security operations, but I do see smart AI enabling security operations teams that are already overwhelmed.\u201d&nbsp;<\/span><\/p>\n<p><span>Just as <\/span><a href=\"https:\/\/www.iotworldtoday.com\/2020\/10\/07\/network-connectivity-paves-way-with-caveats-for-iot-adoption\/\"><span>COVID-19 has spurred digital transformation projects<\/span><\/a><span>, the pandemic could also drive interest in AI for security. \u201cThe attacking environment has gotten richer,\u201d Haward-Grau said. Already, many security teams were overwhelmed with managing a growing number of IT endpoints, including IoT devices. The newfound prevalence of remote work and continued IoT adoption ups the stakes. \u201cThe ability to respond [to cybersecurity threats and vulnerabilities] has been degraded significantly,\u201d Haward-Grau said.&nbsp;<\/span><\/p>\n<p><b>Challenges for Deploying AI and Analytics in IoT Contexts&nbsp;<\/b><\/p>\n<p><span>Despite the promise of AI to streamline operations and automate manual tasks, talent constraints remain a typical stumbling block. Almost one in three (29%) respondents reported struggling to find data analytics and AI staff.&nbsp;<\/span><\/p>\n<p><span>It is common for AI and data science applicants to inflate their experience, according to Umesh Ramakrishnan, office of the CEO at executive search firm Kingsley Gate Partners. \u201cWhile every single person you talk to in this space will tell you that they are AI or ML or data science experts, the actual percentage of true expertise is probably less than 25% of that talent pool,\u201d Ramakrishnan said.&nbsp;<\/span><\/p>\n<p><span>Ensuring data security is an even greater challenge than locating talent. Some 46% of respondents struggle to keep data secure. Expanding IoT projects and the simultaneous use of cloud- and edge-based processing can lead to complex information flows that are difficult to secure without a mature data management strategy. While data security can be vexing in the context of IoT-based analytics, data analytics offer considerable promise for cybersecurity. Some 81% of IoT implementers found data analytics to be extremely or very beneficial for cybersecurity and risk management according to <\/span><a href=\"https:\/\/www.iotworldtoday.com\/2020\/08\/05\/iot-analytics-reaching-new-levels-of-maturity-and-deployment\/\" target=\"_blank\" rel=\"noopener noreferrer\"><span>research from IoT World Today<\/span><\/a><span>.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<\/span><\/p>\n<p><span>The prospect of deploying AI is frequently challenging in its own right, according to Gartner and PwC. \u201cIT leaders responsible for AI are discovering \u2018AI pilot paradox,\u2019 where launching pilots is deceptively easy but deploying them into production is notoriously challenging,\u201d according to Chirag Dekate, a senior director analyst at <\/span><a href=\"https:\/\/www.gartner.com\/smarterwithgartner\/gartner-predicts-the-future-of-ai-technologies\/\" target=\"_blank\" rel=\"noopener noreferrer\"><span>Gartner<\/span><\/a><span>. While interest in artificial intelligence remains high, few organizations \u2014 just 4% \u2014 are ready to deploy it enterprise-wide in 2020, according to <\/span><a href=\"https:\/\/www.pwc.com\/us\/en\/services\/consulting\/library\/artificial-intelligence-predictions-2020.html\" target=\"_blank\" rel=\"noopener noreferrer\"><span>PwC<\/span><\/a><span>.&nbsp;<\/span><\/p>\n<p><span>The IoT market has faced similar challenges in the past. In 2017, <\/span><a href=\"https:\/\/www.mckinsey.com\/~\/media\/mckinsey\/business%20functions\/operations\/our%20insights\/how%20digital%20manufacturing%20can%20escape%20pilot%20purgatory\/digital-manufacturing-escaping-pilot-purgatory.pdf\"><span>McKinsey<\/span><\/a><span> found that 84% of IoT implementers were stuck in pilot mode for at least one year and 28% for two years.&nbsp;<\/span><\/p>\n<p><span>The most recent IoT World Today data suggests, however, that a significant number of IoT implementers are making strides with data analytics. A total of 56% of respondents reported using data analytics for at least some business applications.&nbsp;<\/span><\/p>\n<p><span>The top barriers for analytics budget constraints (42%), lack of in-house support (38%) and limited need (35%).&nbsp;&nbsp;<\/span><\/p>\n<p><span>Talented professionals well-versed in IoT and data science who are also capable leaders can overcome such hurdles, according to Ramakrishnan. \u201cThe ability to tie an individual employee\u2019s objectives to the overall mission of the company is a leadership attribute that is rarely seen in executives,\u201d he said. \u201cAnd that\u2019s the kind of executive that you need to lead a cultural transformation that is layered on top of a technology transformation.\u201d<\/span><\/p>\n<p><b>Methodology<\/b><\/p>\n<p><span>Between June and August of 2020, IoT World Today surveyed 471 respondents about their IoT adoption plans and budget. Fifty-nine percent of respondents were from the U.S., 14% from Europe, 10% from Asia and 17% from other regions. Fifty-eight percent were from companies of fewer than 500 employees, 17% were from companies of 10,000-plus employees, 29% are from companies of 1,000\u20139,999 employees, and 7% are from companies of 500\u2013999 employees.<\/span><\/p>\n<\/p><\/div>\n<\/p>\n<p>Published at Tue, 27 Oct 2020 17:03:45 +0000<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Artificial Intelligence in IoT Sees Gains but Talent&#8217;s a Hurdle While analytics and artificial intelligence&#8230;<\/p>\n","protected":false},"author":3,"featured_media":3433,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[],"class_list":["post-3434","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-artificial-intelligence"],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/techclot.com\/wp-content\/uploads\/2020\/10\/6TWaov.jpg?fit=1030%2C558&ssl=1","jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p3orZX-To","jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/techclot.com\/index.php\/wp-json\/wp\/v2\/posts\/3434","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/techclot.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/techclot.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/techclot.com\/index.php\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/techclot.com\/index.php\/wp-json\/wp\/v2\/comments?post=3434"}],"version-history":[{"count":0,"href":"https:\/\/techclot.com\/index.php\/wp-json\/wp\/v2\/posts\/3434\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/techclot.com\/index.php\/wp-json\/wp\/v2\/media\/3433"}],"wp:attachment":[{"href":"https:\/\/techclot.com\/index.php\/wp-json\/wp\/v2\/media?parent=3434"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/techclot.com\/index.php\/wp-json\/wp\/v2\/categories?post=3434"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/techclot.com\/index.php\/wp-json\/wp\/v2\/tags?post=3434"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}