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The combination of Artificial Intelligence (AI) and the Internet of Things (IoT) has revolutionized the operations of various industries and businesses. These two technologies together enable businesses to realize and forecast a wide variety of risk factors that can be alerted by the automated prompt response. The data gathered from linked wearable devices can also be analyzed by AI to guarantee the safety of employees. The major benefits of using AI and IoT together are: Improving Operational Efficiency, Superior Risk Management and Eliminating Expenses.