It is predicted that within three years 100 percent of all effective IoT efforts will be supported by cognitive or artificial intelligence (AI) capabilities, a landmark New Zealand IoT Alliance study says
For an IoT deployment to be really effective, New Zealand organisations need applications such as machine learning and cognitive systems to obtain insight and action from data, the report says.
The 92-page report was commissioned by the New Zealand IoT Alliance, an independent member funded group of tech firms, major corporates, startups, universities and government agencies.
It says the potential net benefit to New Zealand could be worth as much as $3.3 billion over 10 years from just nine applications of IoT alone.
Alliance Chair and NZTech Chief Executive Graeme Muller says New Zealand can be more effective and efficient, by understanding and acting on a raft of improvements from issues as simple as water system improvements and intelligent street lighting through to more complex challenges such as driverless vehicles and better farm management.
To achieve this, New Zealand needs more collaboration between businesses to understand the wider opportunities that IoT data and the combination of data sources can provide.
“A clear government position on IoT will help New Zealand to deploy cohesive and unified smart city initiatives across the country.
“Government investment in flagship IoT initiatives will also accelerate New Zealand’s transition.
“IoT is a discipline, no different than finance or planning and requires national leadership.
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