The industrial tech space is expanding from just making devices connect and generating data to making decisions out of the data generated.
The industrial internet of things (IoT) has enabled industries to monitor their assets, machinery, and surroundings at all times. However, having all the connected devices does not automatically imply efficient operations. Companies are quickly becoming overloaded with masses of data they cannot interpret.
This is where artificial intelligence (AI) and the internet of things (IoT) can work together. IoT continuously feeds the machine with data from the real world, while AI helps analyze it, recognize any abnormality, and make predictions.
Yet, industrial AI must start from an actual industrial problem first—not the desire to implement new technology. Reliable data, viable use cases, industry expertise, and compatible solutions are needed for successful development.
The venture studios are the way to fill this gap by pinpointing the actual problem and designing the technology for the problem at hand. This is what we aim to do at Aperture Venture Studio for AIoT ventures.
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