Unleashing the Internet of Things with in-memory computing

According to the “Cisco Global Cloud Index: Forecast and Methodology, 2015–2020,” the total amount of data created by devices, driven by the Internet of Things (IoT), will reach 600 ZB per year by 2020, up from 145 ZB per year in 2015. However, for these new IoT applications to deliver the anticipated benefits, they must ingest and simultaneously analyse in real-time massive amounts of data being generated from multiple sources, says Nikita Ivanov, CTO and co-founder of GridGain Systems. For example, consider some of the many digital transformation and omnichannel customer experience initiatives that enterprises and governments are launching: Predictive Maintenance – A myriad of sensors on fleets of equipment, such as trucks, airplanes and industrial buildings – track every nuance of current operating conditions. By analysing this data, vendors or owners can act immediately on indicators of potential failure to eliminate or reduce downtime, reduce maintenance costs, and enable equipment to last longer in the field.