• Canvass Updates

AI Intersecting with IoT and Cloud Computing Becoming Ubiquitous?

March 6, 2019 - AP News

Across various sectors, artificial intelligence and cloud computing complement each other, often along with IoT, to improve technology and catalyze growth. Data from Research and Markets indicates that the Artificial Intelligence of Things (AIoT) market is projected to grow at a compound annual growth rate (CAGR) of 37 percent through to 2023. The report observes that “AI adds value to IoT through machine learning and decision making and IoT adds value to AI through connectivity and data exchange” and devotes several sections to the increasing role of cloud computing in the market.

An example of this is Stelco Holdings, Inc. ( TSX:STLC ) which recently partnered with Canvas Analytics Inc. The partnership involves Stelco using Canvas’ AI-driven Industrial IoT platform to “transform its steel operations, improve yield and boost productivity.”

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