151 Advisors is now 
a Momenta Partners 

151 Advisors is now
a Momenta Partners

APP-SOLUTELY IoT- AI and IoT Panel2017-10-04T20:22:55-04:00

Project Description

How AI is Impacting and Enabling IoT Opportunities

AI and IoT Panel
This panel is centered on how Artificial Intelligence is impacting and enabling IoT opportunities across multiple industries, which applications are the most useful to be deployed in 2018, and which applications are more hype than reality.

Patrice Slupowski, VP of Digital Innovation at Orange; Ajay Kulkarni, CEO of Timescale; Marc Brungger, CEO of Tourmaline Labs; and Jeff Smith, CEO of Arago, participated in a panel discussion of the importance of AI in the  IoT industry, moderated by CEO of Beecham Research, Robin Duke-Woolley.

The first question asked was, “why should we pay attention to AI?”. Jeff responds with there being so much data in the world today that humans, without the help of a technological assistant, would be unable to keep up with the amount of information that is created. AI gives us a vehicle to reach the stage of knowledge of information, rather than just to be stuck collecting data. Patrice made a good point by saying, “AI is the new UI”. This idea gives Artificial Intelligence a more appealing look to a consumer or user because it is seen in movies and fiction but is very quickly becoming reality. Ajay states that AI will cause just as many problems as solutions, all of which must be solved and may not be solvable with AI itself. So it will be an interesting transition and journey into the future. Marc explains that with the incorporation of Artificial Intelligence, comes more predictability and accuracy in whatever aspect you are capturing.

Robin asked Jeff what’s the difference between AI and data processing? The important distinction that Jeff makes is that AI deals with data and things that can be routinized, effectively freeing up people to do what cannot be correctly done using Artificial Intelligence.

A good example of AI being used effectively in the workplace is in preventative maintenance. An example brought up by Ajay included vibration sensors on electronic motors in which the end goal is preventative maintenance, but the stage at which they are today is human-assisted AI for anomaly detection. Eventually, they hope to remove the human element from the process to where the Artificial Intelligence may be able to detect the problems completely on its own. Marc made a good point following up about how in the past data was being collected and related, but the machine itself wasn’t getting smarter. Now we are in an age where we are tailoring the machine to a need and giving it the capability to control many variables.

Robin then brings up the ever-imposing question of, “Will Artificial Intelligence replace people?”, to which Jeff quickly replies, “It already has.” This can be seen in the retail industry and it will continue to turn repetitiveness into automation freeing up human activity in those areas. While eliminating those jobs, however, it created better jobs that didn’t exist before.

The panelists all seem to agree that AI will bring IoT to life in the future. Important points were raised in relation to how humans must interact with AI in the future, and how to deal with many other factors such as biases and machine learning and jobs that will be lost. These are all very important second-order questions that will need to be addressed in the future once AI is embraced in this IoT world.

Robin Duke-Woolley, CEO at Beecham Research 

Ajay Kulkarni, CEO and Co-founder at TimescaleDB
Marc Brungger, CEO at Tourmaline Labs 
Jeff Smith, CEO at Arago 
Patrice Slupowski, VP of Digital Innovation at Orange