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The Power of IoT and Big Data
- Originally Published:
- Mar 2015
The Internet of Things, which is commonly referred to as IoT, describes internet-connected objects and processes such as electronics, HVAC systems, applications, web services, wearable devices and even buildings, all of which possess sensors or the capability to record and/or transmit data. This data can then be used for a plethora of purposes, such as gathering statistics, measuring trends, alerting about problems and planning growth. This can help companies with internal operations as well as marketplace endeavors.
IoT ties in nicely with big data, which is the massive amount of rapidly moving and freely available data that potentially serves a valuable and unique need in the marketplace, but is extremely expensive and difficult to mine by traditional means. Through its flexibility, IoT can fill in where mining difficulties exist. As IoT spreads across almost all industries it will trigger a massive influx of big data and spawn new methods for harvesting, analyzing and using this information.
Tech Pro Research conducted a survey with 318 respondents to examine how IoT is working alongside big data; how it is being used to collect data, where it is coming into play, what benefits it can bring, and what it means for he future of business operations. We looked at the internal and external benefits of IoT data collection and where it has delivered on its promise, or not.
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