Responsible AI
For AI transformation, we need clear competitive conditions and responsible, trustworthy solutions. PwC supports you in this.
Artificial Intelligence of Things – the future of cyber-physical products
Artificial Intelligence is increasingly enhancing connected devices. This concept is known as Artificial Intelligence of Things (AIoT). It holds the potential to transform industries, from smart production and decentralized energy supply over smart buildings and cities to wearables in the health sector. Countless smart devices are already unleashing their potential along companies’ and customers’ entire value chains, showing that enabling devices with AI-supported functions is a promising step for companies’ future viability.
Digital Trust – the decisive factor
Companies and users need to trust Artificial Intelligence in an increasing number of situations, from professional to personal life. However, surveys show that most users do not yet trust the technology. A central challenge for companies is to scale up users’ digital trust in AIoT-based products, as a lack of confidence can severely limit the economic performance of related solutions and market potential.
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Core challenges for companies
- The complexity arising from integrating a wide variety of technologies.
- Transparency that ensures that individuals know what types of data are collected and how it is used.
- Aspects on security and robustness such as protecting hardware, software, and data from unauthorized access and manipulation.
- Empower scalability to effectively manage and integrate many connected devices, provide and maintain well-tested software, even over the air (OTA) as well as guarantee trouble-free end-to-end data processing.
Success factors for trusted AIoT
Overcoming these challenges demands a holistic and lifecycle-based governance, risk, and compliance (GRC) approach. Establishing proper processes, roles and responsibilities across different groups, departments, and even companies can be difficult, but they create the basis for transparency and scalability and reduce complications.
Curious to learn more about how Artificial Intelligence of Things (AIoT) is transforming industries and the role of digital trust in its success? Download our whitepaper for an in-depth look at the impact of digital trust for companies and users, and the success factors for trusted AIoT systems.
