Enterprise Iot
Article | July 20, 2023
Discover the crucial role of big data capabilities in unlocking the potential of IoT for businesses. This article covers their synergy, challenges, and value in decision-making and revenue generation.
Contents
1 Why Big Data and IoT Matter for Businesses
2 Understanding Synergy of Big Data and IoT
2.1 How IoT generates Big Data
2.2 Challenges of Processing Big Data from IoT Devices
2.3 Importance of Big Data in IoT Applications
3 The Value of Big Data and IoT for Businesses
3.1 Improved Decision-making for Businesses
3.2 Generate New Revenue Streams
4 Final Thoughts
1. Why Big Data and IoT Matter for Businesses
The internet of things (IoT) is connecting all types of physical assets to the internet, from smart wearables that track wearer’s vitals to connected industrial units that can report any malfunctions automatically. Big data in IoT is a natural outcome with the growth of IoT devices, with an immense surge in the amount of data being generated.
There are currently over 13 billion connected IoT devices worldwide.
(Source – Techjury)
This data is extremely valuable to businesses as it can help streamline operations, predict trends, and diagnose device issues. Certain functions of IoT devices that are crucial for modern businesses, such as enabling predictive maintenance, depend on the analysis of the data generated every second. However, to maximize the ROI from their IoT ecosystem, businesses must first manage and process the vast amounts of unstructured data they produce. This is where big data capabilities come in.
2. Understanding Synergy of Big Data and IoT
Big data and the IoT are fundamentally different concepts, but are closely connected. Big data is a term that is used for a great amount of data that is characterized by volume, velocity, variety and veracity (or the ‘trustworthiness’ of data). The IoT is a term for physical devices or objects linked to the internet using an assortment of technologies. Understanding the synergy between these two technologies will be critical for businesses looking to leverage their full potential.
2.1 How IoT generates Big Data
IoT is one of the primary drivers of big data growth. The vast number of interconnected devices in the IoT ecosystem generates a massive amount of data every second. This data includes information on user behavior, device performance, and environmental conditions, among others.
The nature of this data makes it challenging to store, process, and analyze using traditional data management tools. This is where big data technologies such as Hadoop, Spark, and NoSQL databases come in, providing the ability to manage massive amounts of data in near-real-time, enabling critical applications of big data in IoT. For businesses, processing IoT data is synonymous with processing big data, due to the nature of the data generated by an IoT ecosystem.
2.2 Challenges of Processing Big Data from IoT Devices
IoT data processing is a complex and challenging task due to several reasons. Firstly, the sheer volume of data generated by these devices is enormous and is only increasing. This requires a robust infrastructure and specialized tools to store, manage, and analyze the data efficiently.
This data is also generally unstructured, heterogeneous, and complex, making it difficult to process using traditional data management and analysis techniques. Moreover, it is often noisy and may contain errors or outliers, which can impact the accuracy of data analysis. Businesses also face a challenge when securing such vast amounts of data. Since IoT devices collect sensitive information such as personal and financial data at scale, it is critical to ensure that data is encrypted, transmitted securely, and stored safely.
Additionally, IoT devices often operate in remote locations with limited connectivity, making it challenging to transmit data to the cloud for storage and analysis. As IoT devices continue to proliferate and generate increasingly large amounts of data, businesses must adopt big data technologies to gain actionable insights from this data.
2.3 Importance of Big Data in IoT Applications
There are several use cases of the IoT where processing large amounts of data is essential. It plays a critical role in IoT applications, providing businesses with valuable insights that can be used to optimize processes, reduce costs, and improve overall efficiency. By collecting and analyzing large amounts of data from IoT devices, businesses can gain a better understanding of customer behavior, machine performance, and other critical metrics.
For example, big data in IoT can be used to identify patterns in customer behavior, allowing businesses to tailor their marketing efforts and improve customer engagement. Additionally, IoT devices can be used to collect data on machine performance, allowing businesses to identify potential problems before they occur, minimize downtime, and optimize maintenance schedules. The value of big data in IoT applications lies in its ability to provide businesses with real-time insights that can be used to drive growth, reduce costs, and improve overall efficiency.
3. The Value of Big Data and IoT for Businesses
Businesses looking to integrate big data in IoT must first consider their data storage and analytics capabilities. By understanding the value of big data technology in capturing and analyzing IoT-generated data, businesses can unlock insights that can help them make better decisions, optimize processes, and create new business opportunities.
3.1 Improved Decision-making for Businesses
IoT and big data technologies offer businesses a wealth of data that can be used to make better-informed decisions. By integrating IoT sensors and devices with their operations, businesses can collect real-time data on customer behavior, operational performance, and market trends. This data can then be analyzed using big data analytics tools to generate valuable insights that can inform decision-making.
For example, operational data can be analyzed to identify inefficiencies and areas for optimization, helping businesses reduce costs and improve efficiency. With the right data storage and analytics capabilities, businesses can leverage the power of IoT and big data to gain a competitive advantage and make better-informed decisions that drive growth and success.
3.2 Generate New Revenue Streams
By leveraging the vast amount of data generated by IoT devices and analyzing it with big data analytics tools, businesses can gain insights into customer behavior, market trends, and operational performance. These insights can be used to create new revenue streams and business models, such as subscription-based services, pay-per-use models, and predictive maintenance services.
For example, IoT sensors can be used to collect data on equipment performance, allowing businesses to offer predictive maintenance services that help prevent equipment breakdowns and reduce downtime. Similarly, customer data can be analyzed to identify new revenue opportunities, such as personalized product recommendations and targeted advertising. With the right strategy and investment in IoT and big data technologies, businesses can unlock new revenue streams and create innovative business models that drive growth and success.
4. Final Thoughts
Big data in IoT is becoming increasingly important for businesses, and the future prospects are bright. As IoT continues to grow and generate more data, businesses that can effectively analyze it will gain a competitive advantage, leading to increased efficiency, reduced costs, and higher ROI. To fully realize the benefits of IoT, businesses must develop big data analytics and IoT devices in tandem, creating a feedback loop that drives continuous improvement and growth. By embracing these technologies, businesses can make data-driven decisions and unlock new insights that will help them thrive in the years ahead.
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IoT Security
Article | June 27, 2023
Nothing is more innovative or sophisticated than the products being made by the wearables industry in the "smart" era. Individuals track, analyze, monitor, and transmit personal data using these tangible wearable gadgets. Moreover, the adaptable wearable technology is opening up new horizons with business-focused smartphone apps. However, it is still in its early stages, and according to recent developments in this field, the major players in wearable technology are concentrating on developing products with a focus on business applications.
These intelligent Internet of Things (IoT) devices are now widely employed in a variety of businesses and help detect biometric data such as heart rate and sleep habits, among others. In the coming ten years, wearable IoT technology or devices ought to become an integral part of every individual’s daily life.
Businesses around the world are incorporating the newest technologies into their functioning and are looking at digitally altering their impact in the market. With the majority of people already accustomed to using smartphones, they are now also getting familiar with utilizing wearable technology, such as smartwatches, jewelry, and fitness bands. Therefore, the demand for applications is increasing along with technology as we become more technologically adept.
Rising Wearable Industries
Health and Fitness Wearables
The health, fitness, and fashion industries are closely related to any wearable technology or device. People are now frequently using smartwatches to monitor their heart rate and the number of steps they take when walking or running, which has boosted the industries with this technology. IoT devices include medical sensors to track progress in terms of health. It is possible to determine how healthy a person's lifestyle is by gathering accurate health statistics from these devices. Additionally, it monitors sleeping patterns, enhancing your overall quest for wellness.
Gaming Wearables
Gaming is a significant new market for wearable technology and one which is booming. The most prevalent category of wearables in the market is virtual reality (VR) headsets. With VR devices like the Oculus Rift or Playstation VR, players are immediately immersed in otherworldly experiences. Several kinds of breathtaking experiences are now accessible to players everywhere, thanks to VR wearables.
Connected Cars
Automobiles are steadily gaining traction among IoT devices, but they are still a small market (just 0.05 percent of all connected devices are cars), and Ford and Tesla are vying for the top spot. Ford has dominated the connected car market, with Subaru being the only other manufacturer to see any appreciable growth in new connections since July 2020. In contrast, other producers are fighting for a sizable market share as the potential to grow this segment is highly exponential.
Conclusion
Today, wearable technology is planned, developed, distributed, and used in a variety of consumer and corporate markets. The ways in which these markets overlap and influence one another are constantly changing. IoT will significantly change how businesses engage with customers, streamline their operations, and contribute to the creation of a system that relies on such data.
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Industrial IoT, IoT Security
Article | July 12, 2023
Three out of four IoT projects are considered a failure, according to Cisco. This is troubling but even more so when Cisco also found 61 per cent of companies say they believe they’ve barely begun to scratch the surface of IoT can do for their business? Businesses believe in the long-term value offered by integrating IoT into their business plan, however, they lack the knowledge of what is required to ensure the success of such a complex project. By studying past failed projects, technology leaders can gain a better understanding of why they failed and what they can do differently when evaluating and undertaking new IoT initiatives.
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Article | April 16, 2020
Tech companies are stepping up Internet of Things technologies to protect against COVID-19 and future viruses by using LiDAR and infrared cameras to detect a person’s body temperature from a distance or even handwashing. Keeping the data secure in such detection is also going to be a challenge. One approach is to put a chip inside an IoT device when it is manufactured to enable strong authentication and secure communication, mainly to guard against device counterfeiting. Hitachi Vantara has touted forward looking infrared cameras (FLIR) cameras to detect the temperature of a person from a distance. That way a passenger on a train or a worker or a customer in a store can be non-intrusively screened, according to a blog from Mark Jules, global vice president of smart spaces and video intelligence.
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