Over the last decade, companies have learned that data is one of the most valuable corporate assets they may own. The discovery should come as no surprise since the IoT’s continued expansion has spurred a data explosion, with data analytics projecting that by 2025, there will also be over 41 billion connected IoT devices producing approximately 80 zettabytes of data. Companies have resorted to new technologies like Artificial Intelligence (AI) to much more efficiently extract insights that will help them take their businesses ahead due to the requirement to sift through an expanding quantity of statistics.
Today, Artificial Intelligence is a vital tool for parsing location data and informing the construction of more accurate maps. Furthermore, rising rivalry among businesses in mobility, vehicle transportation and logistics (T&L), and governmental sectors have boosted demand for advanced AI solutions, particularly location-aware AI. This refers to AI that can comprehend the characteristics of location data and allow developers to incorporate these insights into their apps and solutions.
The usage of location data AI is utilized to develop pattern recognition and location signatures from the data it collects, and it’s also a crucial component in creating high-definition (HD) maps and realistic simulators to show the information. These sophisticated visualizations are enabling next-generation mobility, from understanding how customers move to fuel the autonomous driving movement.
The Value Of AI
Within the corporate industry, the Artificial Intelligence value chain has evolved considerably in recent years. Previously, organizations concentrated on employing Machine Learning (ML) technology to construct solution model architectures and algorithms. Still, more recently, AI and ML technologies have been utilized to generate benchmarked models to evolve, compose, and scale datasets.
The corporate industry has lately standardized the use of AI and ML for collecting location knowledge, enabling the use of sensors, aerials, and satellites to generate standard definition maps more widespread. However, the use of these same developing technologies has moved to produce more precise HD maps, which are created by machines for machines, and has become an important part of the autonomous driving movement. HD maps have made it easier to combine various sources to detect characteristics and patterns and to forecast behaviours and situations using both static and real-time data.
The end-to-end process of AI/ML-powered maps generates a self-healing map that continually accumulates ‘low-level’ and ‘high-level’ observations and aggregates map characteristics. These technologies operate together to update and modify each map element and are tailored to each geographic location. However, these maps fall short when it comes to eliminating the subtleties associated with proper data gathering, emphasizing the importance of using location-aware AI to overcome this issue.
In a nutshell, location-aware Artificial Intelligence is intended to comprehend the interdependencies and characteristics of the location data it receives to create more sophisticated insights. More sophisticated location graphs can collect real-time data such as weather, traffic, and sensor data, which can be utilized to make better business decisions.
Location graphs, when combined with location-aware AI, enable professionals to create new data patterns and generate more precise samples of the data they gather. Furthermore, location-aware AI may assist in exposing essential traits and combining them with other data in ways that standard AI techniques cannot.
How Can Business Benefit From Location-Aware AI?
The sheer volume of data acquired from providers, customers, and vendors has remained a key barrier for supply chain networks, prompting T&L suppliers to look for innovative ways to solve the problem. Despite the several solutions that have been deployed over the years, location-aware AI has gained the most momentum in the T&L arena, as it has become a prominent technology used in supply chain networks.
In the T&L area, reinforcement learning (RL) technology has been a popular AI-powered option for addressing data optimization challenges. This technology allows professionals to develop predictive models and simulations for improved business intelligence using simulation and sensitivity data analytics capabilities. In summary, businesses may use RL technology to improve business performance in fleet management and distribution network efficiency.
While the promise of location-aware Artificial Intelligence has risen across the T&L, automotive, and smart city sectors, no one industry has fully embraced the technology. As a result, it’s become clear that breakthroughs in AI/ML are more likely to happen in open contexts rather than behind closed doors.
More vital collaboration between the public and commercial sectors, especially when it comes to developing a “smarter planet,” is one approach to encourage broader use of location-aware AI technology. More smart city projects linked to public safety may be launched with better cooperation between location intelligence platforms and government organizations, and vendors in the automotive and mobility sectors might build more dependable and accurate AI-based location intelligence products.
It’s apparent that if broadly implemented, location-aware AI has the potential to transform the corporate market. Location-aware AI has already demonstrated its worth in the creation of more accurate HD maps and the delivery of more comprehensive location intelligence to suppliers in a variety of sectors. As a consequence, as businesses seek more dependable and accurate digital solutions, experts throughout the organization must take a closer look at location-aware AI solutions.
So, is your company AI-ready? Are you one of them? If yes, we are here to guide your business with the power of a single platform. Thus, if you wish to switch to AI-based products for your business, contact ONPASSIVE.