IoT Data Visualization for Corporate Finance Business Intelligence

Debashree Kabi | August 3, 2022 | 1928 views | Read Time : 03:36 min

IoT Data Visualization
The evolution of internet-based market models has changed the way businesses operate. Present-day businesses know that data visualization in business intelligence is integral to competitive success. Therefore, businesses are now expanding their data and intelligence retrieval capacities. As a result, IoT (Internet of Things) data visualization is gaining popularity among industrialists and researchers across various disciplines.

In corporate finance, IoT-based efficient data visualization analyses data from multiple sources with the help of corporate analytics management tools and manages data quality for business intelligence to reduce the risk of leaks.


Impact of IoT Data Visualization on Corporate Finance BI

Data is everywhere— right from a customer's first visit to your company’s website until he signs out, all the behavioral patterns and data are tracked. All this data becomes useless unless it is utilized for a particular purpose.

Analyzing this data to predict future trends is one of the significant benefits of smart data visualization tools and technologies. It helps to slice and dice the data gained from different sources of different complexity levels to the minute granular level. Business intelligence utilizes these insights and the existing database to run risk analysis.

It gives an overview of your financial performance and the risks and exposures it faces. And if you switch the KPIs at the center of any dashboard, your entire team can instantly access the most important and relevant data.

IoT data visualization can measure big data on customers more efficiently, allowing organizations to add value to their customers. Customized tools will analyze your customers’ data and produce reports according to specific customer needs to help you get a deeper insight. Corporations can also utilize this data to better understand their competitors’ benchmarks.


Customizable IoT Data to Store Millions of Data Points in One Place

IoT collects millions of data from various complex sources. The data visualization dashboard contains multiple widgets that convert this data into various forms, such as line graphs, geographical maps, bar charts, pie charts, gauges, heat maps, etc.

This information, transmitted into multiple visualizations, helps organizations to unlock every piece of data into a valuable asset.


The Benefits of Using IoT Data Visualization

Businesses can collect, analyze and monitor a variety of data using IoT, such as internet usage data, video surveillance data, mobile app usage, and social media. It helps businesses to design products and provide personalized value-added services to drive better consumer engagement. Here are some key benefits IoT data visualization offers:
  • Unlock multiple insights across various verticals
  • Addressing important financial concerns proactively
  • Combination of multiple data sources into a single insightful dashboard
  • Multi-layered visual data.
  • Combines new data with the existing data to analyze new business opportunities.
  • Better performance on IoT data flow.
  • Analyze multiple data correlations in real-time
  • Improved Collaboration
  • Well-coordinated and efficient performance.
  • Cost reduction
  • Accurate data interpretation
  • Mitigate risk factor
  • Better decision making


Conclusion

Hands down, IoT data visualization intelligence in a company’s business operations will lead to better decision-making. But, before you choose an IoT data visualization tool for your business, you should know what kind of data you need to analyze and if you need any additional historical data. Because IoT services offer data visualization tools and techniques to analyze and monitor the data accordingly to predict future trends. So, it’s important to identify the goals before selecting a tool for your organization.

Spotlight

Zatar Technologies

Zatar is a new cloud-based infrastructure that sees your devices and connects them to the Internet. It's one open platform to manage your entire device network. With more than 3,600 exhibiting companies, including manufacturers, developers and suppliers of consumer technology hardware, content, technology delivery systems and more, the show is sure to reveal a number of technologies and innovations built on the foundation of last year’s stand-outs.

OTHER ARTICLES
ENTERPRISE IOT

The IoT Smarthome Battlefield: A Jointly Endorsed IoT Standard for the Home Area Network

Article | July 11, 2022

Google announced that together with Amazon and Apple (the big 3 smart home players) they will work on the adoption of a joint wireless IoT standard for the smart home. This new connectivity standard is designed to make it easier for smart home products to work with each other.In the statement, Google said they were “joining Amazon, Apple and others to create Connected Home over IP, a new independent working group managed by the Zigbee Alliance (separate from the existing Zigbee 3.0/Pro protocol). We’re contributing two of our market-tested and open-source smart home technologies, Weave and Thread. Both are built on IP and have been integrated into millions of homes around the world.”

Read More
ENTERPRISE IOT

Smart Home Technologies: Zigbee, Z-Wave, Thread, and Dotdot

Article | June 2, 2022

If you own smart home products like SmartThings or Nest, you may be familiar with some of the technologies behind them. Network protocols like Zigbee and Z-Wave dominate the industry, while Thread, a younger network standard, is gaining headway as a strong contender in the battle for market share. Although this may seem like your typical rivalry between industry leaders, the competitive landscape is more complicated than selecting one over another.

Read More
ENTERPRISE IOT

12 Industrial IoT Companies You Should Know

Article | July 6, 2022

As the industrial IoT market continues to expand at rapid rates, companies across the world are reaping the benefits. Utilizing this growing network of tools and systems, businesses have been able to prevent costly downtime, decrease product development costs, enhance customer engagement and satisfaction and acquire and implement intelligent data for strategic planning purposes.The potential benefits are seemingly endless, and the list of organizations that are embracing this industrial revolution is continuing to grow, so let’s highlight some of the main IIoT companies you need to know for a number of the most common IIoT use cases.

Read More

Who should lead the push for IoT security?

Article | February 10, 2020

The ease with which internet of things devices can be compromised, coupled with the potentially extreme consequences of breaches, have prompted action from legislatures and regulators, but what group is best to decide? Both the makers of IoT devices and governments are aware of the security issues, but so far they haven’t come up with standardized ways to address them. The challenge of this market is that it’s moving so fast that no regulation is going to be able to keep pace with the devices that are being connected,” said Forrester vice president and research director Merritt Maxim. “Regulations that are definitive are easy to enforce and helpful, but they’ll quickly become outdated.”The latest such effort by a governmental body is a proposed regulation in the U.K. that would impose three major mandates on IoT device manufacturers that would address key security concerns.

Read More

Spotlight

Zatar Technologies

Zatar is a new cloud-based infrastructure that sees your devices and connects them to the Internet. It's one open platform to manage your entire device network. With more than 3,600 exhibiting companies, including manufacturers, developers and suppliers of consumer technology hardware, content, technology delivery systems and more, the show is sure to reveal a number of technologies and innovations built on the foundation of last year’s stand-outs.

Related News

ENTERPRISE IOT, DEVICES

Lantronix Announces New X300 Compact Cellular IoT Gateway Solution, Ideal for Mission-Critical Applications

globenewswire | March 29, 2023

Lantronix Inc. a global provider of secure turnkey solutions for the Industrial Internet of Things (IoT) and the Intelligent IT market, today announced its new X300 Compact Gateway IoT Solution. Ideal for secure mission-critical applications, the new X300 Cellular Compact IoT Gateway Solution combines Lantronix’s IoT gateway hardware with a premium services subscription, including centralized device management, integrated cellular data, enhanced device security and expert technical support in an all-in-one package. “At Lantronix, we are committed to providing our customers with turnkey IoT solutions that efficiently solve their connectivity and remote device management challenges while offering expert technical support to ensure a successful deployment,” said Paul Pickle, CEO of Lantronix. “With the new X300 Compact Gateway IoT Solution, our customers can rest assured that they have a reliable, easy-to-manage solution, achieving maximum uptime and data security for mission-critical applications.” According to Berg insights, more than 4.5 million cellular IoT gateways were shipped globally during 2021, a 23 percent increase, at a total market value of approximately $1.15 billion as annual sales grew at a rate of 14 percent as demand recovered following the COVID-19 pandemic. Annual revenues from the sales of cellular IoT gateways is forecasted to grow at a compound annual growth rate (CAGR) of 14 percent to reach $2.18 billion by 2026. The X300 Compact Gateway IoT Solution includes: X300 Gateway, a compact (79mm X 79mm) IoT industrial gateway with suitable hardware interfaces, including a Multi-mode Serial port, an Ethernet LAN port, Wi-Fi® 5, Bluetooth/BLE and Worldwide cellular options, enabling the connection of any type of industrial machine and sensor with any type of network. Services included in the first-year subscription: Free upgrade to ConsoleFlow™ premium cloud-based device management with analytics Connectivity Services global, convenient and scalable cellular data plans Free upgrade to LEVEL 2 Services prompt expert technical support and warranty with advanced hardware replacement Lantronix InfiniShield™ built-in security, including a Secure Element (SE) chip to enable secure boot, secure equipment access and secure communications and to prevent unauthorized access of confidential information. Thenew X300 Gateway IoT Solution will be displayed at ISC West in Las Vegas from March 28–31, 2023, in the Lantronix booth, Number 2097. About Lantronix Lantronix Inc. is a global provider of secure turnkey solutions for the Internet of Things (IoT) and Remote Environment Management (REM), offering Software as a Service (SaaS), connectivity services, engineering services and intelligent hardware. Lantronix enables its customers to accelerate time to market and increase operational up-time and efficiency by providing reliable, secure and connected Intelligent Edge IoT and Remote Management Gateway solutions.

Read More

ENTERPRISE IOT, DEVICES

Validic integrates with Smart Meter cellular-enabled connected health devices

prnewswire | March 27, 2023

Validic Inc., a market-leading digital health and personalized care company, continues to expand its healthcare IoT platform with the integration of Smart Meter. This integration brings exclusive cellular-enabled, patient-friendly monitoring devices supplied by Smart Meter, a leading connected health solution supplier to a rapidly growing nationwide network of SmartPartners, to the Validic ecosystem. Smart Meter's proprietary, cellular, FDA-registered monitoring devices are connected to an exclusive AT&T 4/5G private data network to ensure an engaging patient experience for improved adherence. The devices help manage the most prevalent chronic conditions, including blood glucose monitors for diabetes; blood pressure monitors for hypertension and other cardiac diseases; pulse oximeters for COPD, COVID-19, and other respiratory disorders; and weight scales for congestive heart failure and weight-related diseases. "Our proprietary monitoring devices can only connect and transmit patient-generated data when connected to our private data network, ensuring reliable and secure delivery to Validic clients," said Smart Meter Chief Marketing Officer Bill Bassett. "And eliminating the need for patients to pair, sync or connect to Wi-Fi or an app on their phone may improve patient satisfaction and increase the use of their monitoring devices." Validic's health IoT platform is the largest ecosystem of connected health devices and apps, which streams continuous, near-real-time personal health data from 540+ home health and wearable devices. Organizations can access blood pressure, pulse oxygen, blood glucose, heart rate, weight, temperature, sleep, nutrition, respiratory, activity data, and more through a single, endpoint connection. "Technology should be so easy to use that it becomes invisible to the person using it," said Validic CEO Drew Schiller. "The addition of Smart Meter cellular-enabled health monitoring devices to our ecosystem offers another option to help people focus on their health and live their best lives." About Validic Founded in 2010, Validic Inc. is a digital health and personalized care company devoted to our mission of improving the quality of human life by making personal data actionable. With the world's largest health IoT platform and EHR-embedded remote care application, we help healthcare organizations give every person tailored interventions and personalized care, improving healthcare efficiency and delivery, and empowering people to play an active role in their health and well-being.

Read More

ENTERPRISE IOT, INFRASTRUCTURE

Energous and Thinaer Partner to Transform IoT for Industrial Applications

Energous Corporation | March 30, 2023

Energous Corporation, a leading developer of intelligent wireless power networks, and Thinaer, a leading industrial IoT SaaS platform provider, today announced a partnership to bring innovative wireless charging technology to the industrial IoT market. Thinaer will incorporate Energous' wireless power transfer technology as part of a joint offering to help organizations improve efficiency, reduce costs, and enhance outcomes in a variety of settings including industrial manufacturing and warehousing. Thinaer's platform enables customers to seamlessly generate a digital twin of their operations and achieve measurable results. The combined solution harnesses Thinaer's powerful platform and Energous' innovative wireless charging hardware to provide energy efficient solutions with low-cost passive BLE tags for asset tracking and environmental monitoring. The solution can identify process gaps, improvement opportunities and inefficiencies with advanced analytics within the manufacturing and warehousing environment. "Industrial IoT is going through a major digital transformation to maximize overall productivity and improve operational efficiencies, and Thinaer is a pioneer in driving that force," said Cesar Johnston, CEO of Energous. "The partnership between Energous and Thinaer aims to solve this growing challenge for industrial IoT and provides an additional building block in the creation of the IoT ecosystem. Thinaer's system integration capability enables Energous' wireless power network technology to be successfully installed at customer sites. We are excited for the future of this collaboration. " "Energous emerged as a leader in wireless power technologies for the IoT industry. Its technology is reliable, easy to use and robust for the industrial environment, making them an ideal partner to collaborate with on developing a joint solution for our customers," said Bryan Merckling, CEO at Thinaer. "The expansion of IoT devices across our customers' industries has increased the power demands and unique needs of IoT deployments. We are now able to solve new and unique challenges for our customers using our combined solutions. For example, classified areas where the highest levels of security require that assets tagged with beacons are not broadcasting a signal when within those areas, can now leverage IoT beacons. We are enthusiastic about the many digital transformation opportunities this partnership will enable." Energous PowerBridges are driving transformation across the industrial IoT. These devices not only have the capability of wirelessly charging multiple devices simultaneously from a distance using RF-based wireless power, but they can also function as data links for connected IoT devices. This enables them to communicate valuable data and insights back to the cloud. Multiple PowerBridge transmitters can be meshed together, creating a wireless power network that covers unlimited distances for large-scale deployments such as industrial warehouses, manufacturing plants, and logistics hubs across a wide range of industries. About Energous Corporation Energous Corporation is the Wireless Power Network global leader. Its award-winning WattUp® solution is the only technology that supports both contact and distance charging through a fully compatible ecosystem. Built atop fast, efficient, and highly scalable RF-based charging technology, WattUp is positioned to offer improvements over older, first-generation coil-based charging technologies in power, efficiency, foreign device detection, freedom of movement and overall cost for industrial and retail IoT, smart homes, smart cities and medical devices. Energous develops silicon-based wireless power transfer (WPT) technologies and customizable reference designs, and provides worldwide regulatory assistance, a reliable supply chain, quality assurance, and sales and technical support to global customers. The company received the world's first FCC Part 18 certification for at-a-distance wireless charging and has been awarded over 200 patents for its WattUp wireless charging technology to-date

Read More

ENTERPRISE IOT, DEVICES

Lantronix Announces New X300 Compact Cellular IoT Gateway Solution, Ideal for Mission-Critical Applications

globenewswire | March 29, 2023

Lantronix Inc. a global provider of secure turnkey solutions for the Industrial Internet of Things (IoT) and the Intelligent IT market, today announced its new X300 Compact Gateway IoT Solution. Ideal for secure mission-critical applications, the new X300 Cellular Compact IoT Gateway Solution combines Lantronix’s IoT gateway hardware with a premium services subscription, including centralized device management, integrated cellular data, enhanced device security and expert technical support in an all-in-one package. “At Lantronix, we are committed to providing our customers with turnkey IoT solutions that efficiently solve their connectivity and remote device management challenges while offering expert technical support to ensure a successful deployment,” said Paul Pickle, CEO of Lantronix. “With the new X300 Compact Gateway IoT Solution, our customers can rest assured that they have a reliable, easy-to-manage solution, achieving maximum uptime and data security for mission-critical applications.” According to Berg insights, more than 4.5 million cellular IoT gateways were shipped globally during 2021, a 23 percent increase, at a total market value of approximately $1.15 billion as annual sales grew at a rate of 14 percent as demand recovered following the COVID-19 pandemic. Annual revenues from the sales of cellular IoT gateways is forecasted to grow at a compound annual growth rate (CAGR) of 14 percent to reach $2.18 billion by 2026. The X300 Compact Gateway IoT Solution includes: X300 Gateway, a compact (79mm X 79mm) IoT industrial gateway with suitable hardware interfaces, including a Multi-mode Serial port, an Ethernet LAN port, Wi-Fi® 5, Bluetooth/BLE and Worldwide cellular options, enabling the connection of any type of industrial machine and sensor with any type of network. Services included in the first-year subscription: Free upgrade to ConsoleFlow™ premium cloud-based device management with analytics Connectivity Services global, convenient and scalable cellular data plans Free upgrade to LEVEL 2 Services prompt expert technical support and warranty with advanced hardware replacement Lantronix InfiniShield™ built-in security, including a Secure Element (SE) chip to enable secure boot, secure equipment access and secure communications and to prevent unauthorized access of confidential information. Thenew X300 Gateway IoT Solution will be displayed at ISC West in Las Vegas from March 28–31, 2023, in the Lantronix booth, Number 2097. About Lantronix Lantronix Inc. is a global provider of secure turnkey solutions for the Internet of Things (IoT) and Remote Environment Management (REM), offering Software as a Service (SaaS), connectivity services, engineering services and intelligent hardware. Lantronix enables its customers to accelerate time to market and increase operational up-time and efficiency by providing reliable, secure and connected Intelligent Edge IoT and Remote Management Gateway solutions.

Read More

ENTERPRISE IOT, DEVICES

Validic integrates with Smart Meter cellular-enabled connected health devices

prnewswire | March 27, 2023

Validic Inc., a market-leading digital health and personalized care company, continues to expand its healthcare IoT platform with the integration of Smart Meter. This integration brings exclusive cellular-enabled, patient-friendly monitoring devices supplied by Smart Meter, a leading connected health solution supplier to a rapidly growing nationwide network of SmartPartners, to the Validic ecosystem. Smart Meter's proprietary, cellular, FDA-registered monitoring devices are connected to an exclusive AT&T 4/5G private data network to ensure an engaging patient experience for improved adherence. The devices help manage the most prevalent chronic conditions, including blood glucose monitors for diabetes; blood pressure monitors for hypertension and other cardiac diseases; pulse oximeters for COPD, COVID-19, and other respiratory disorders; and weight scales for congestive heart failure and weight-related diseases. "Our proprietary monitoring devices can only connect and transmit patient-generated data when connected to our private data network, ensuring reliable and secure delivery to Validic clients," said Smart Meter Chief Marketing Officer Bill Bassett. "And eliminating the need for patients to pair, sync or connect to Wi-Fi or an app on their phone may improve patient satisfaction and increase the use of their monitoring devices." Validic's health IoT platform is the largest ecosystem of connected health devices and apps, which streams continuous, near-real-time personal health data from 540+ home health and wearable devices. Organizations can access blood pressure, pulse oxygen, blood glucose, heart rate, weight, temperature, sleep, nutrition, respiratory, activity data, and more through a single, endpoint connection. "Technology should be so easy to use that it becomes invisible to the person using it," said Validic CEO Drew Schiller. "The addition of Smart Meter cellular-enabled health monitoring devices to our ecosystem offers another option to help people focus on their health and live their best lives." About Validic Founded in 2010, Validic Inc. is a digital health and personalized care company devoted to our mission of improving the quality of human life by making personal data actionable. With the world's largest health IoT platform and EHR-embedded remote care application, we help healthcare organizations give every person tailored interventions and personalized care, improving healthcare efficiency and delivery, and empowering people to play an active role in their health and well-being.

Read More

ENTERPRISE IOT, INFRASTRUCTURE

Energous and Thinaer Partner to Transform IoT for Industrial Applications

Energous Corporation | March 30, 2023

Energous Corporation, a leading developer of intelligent wireless power networks, and Thinaer, a leading industrial IoT SaaS platform provider, today announced a partnership to bring innovative wireless charging technology to the industrial IoT market. Thinaer will incorporate Energous' wireless power transfer technology as part of a joint offering to help organizations improve efficiency, reduce costs, and enhance outcomes in a variety of settings including industrial manufacturing and warehousing. Thinaer's platform enables customers to seamlessly generate a digital twin of their operations and achieve measurable results. The combined solution harnesses Thinaer's powerful platform and Energous' innovative wireless charging hardware to provide energy efficient solutions with low-cost passive BLE tags for asset tracking and environmental monitoring. The solution can identify process gaps, improvement opportunities and inefficiencies with advanced analytics within the manufacturing and warehousing environment. "Industrial IoT is going through a major digital transformation to maximize overall productivity and improve operational efficiencies, and Thinaer is a pioneer in driving that force," said Cesar Johnston, CEO of Energous. "The partnership between Energous and Thinaer aims to solve this growing challenge for industrial IoT and provides an additional building block in the creation of the IoT ecosystem. Thinaer's system integration capability enables Energous' wireless power network technology to be successfully installed at customer sites. We are excited for the future of this collaboration. " "Energous emerged as a leader in wireless power technologies for the IoT industry. Its technology is reliable, easy to use and robust for the industrial environment, making them an ideal partner to collaborate with on developing a joint solution for our customers," said Bryan Merckling, CEO at Thinaer. "The expansion of IoT devices across our customers' industries has increased the power demands and unique needs of IoT deployments. We are now able to solve new and unique challenges for our customers using our combined solutions. For example, classified areas where the highest levels of security require that assets tagged with beacons are not broadcasting a signal when within those areas, can now leverage IoT beacons. We are enthusiastic about the many digital transformation opportunities this partnership will enable." Energous PowerBridges are driving transformation across the industrial IoT. These devices not only have the capability of wirelessly charging multiple devices simultaneously from a distance using RF-based wireless power, but they can also function as data links for connected IoT devices. This enables them to communicate valuable data and insights back to the cloud. Multiple PowerBridge transmitters can be meshed together, creating a wireless power network that covers unlimited distances for large-scale deployments such as industrial warehouses, manufacturing plants, and logistics hubs across a wide range of industries. About Energous Corporation Energous Corporation is the Wireless Power Network global leader. Its award-winning WattUp® solution is the only technology that supports both contact and distance charging through a fully compatible ecosystem. Built atop fast, efficient, and highly scalable RF-based charging technology, WattUp is positioned to offer improvements over older, first-generation coil-based charging technologies in power, efficiency, foreign device detection, freedom of movement and overall cost for industrial and retail IoT, smart homes, smart cities and medical devices. Energous develops silicon-based wireless power transfer (WPT) technologies and customizable reference designs, and provides worldwide regulatory assistance, a reliable supply chain, quality assurance, and sales and technical support to global customers. The company received the world's first FCC Part 18 certification for at-a-distance wireless charging and has been awarded over 200 patents for its WattUp wireless charging technology to-date

Read More

Events