Artificial Intelligence and Machine Learning are essential technologies to scale with the exponential growth of IoT generated data. They enable to learn not only time series data, but, also enable new levels of audio, image, and video analytics. The devices to autonomously derive actionable insights trough contextual reasoning. In combination with novel speech and gesture based user interfaces they can support users in a new natural way in their tasks. The compact factor of IoT devices allow to add value to new application areas and the added value of AI enable novel applications and business models. This all makes this are a quickly evolving area in research and industry.