While IoT is becoming the talk of the town, it is crucial to realize the force that makes it possible. The concept of connecting devices and things over the internet sounds formidable. But the connection is the basic step towards making IoT possible. The transmission of data through them and analysing that data is far more important. I'm sure you may have read about this a million times before. Still I'd reiterate that analysing data is of foremost importance to make IoT work and benefit organizations and us.
This is the reason that the role of analytics and big data becomes formidable in the whole process. Big data helps us find out what is going on in the network. It digs out the information that benefits us, helps take us decisions, keeps us warned or helps us take proactive and reactive steps well in advance.
IoT advancements have given a new dimension to the communication that companies do between their customers and employees. IoT consists of a system of devices such as sensors, computing devices, and other machines that are connected, allowing data flow.
IoT allows the system to be independent and capable of making its own decision by using the collected information.
Internet of Things (IoT)
Connected devices and sensors are expected to drive the world further as the information shared by them will potentially benefit everyone in the ecosystem. The organizations will become better, efficient. Decisions would be taken rapidly and quickly. Customers could be entertained in a better way.
The devices at one end gather useful information with the help of a variety of existing technologies and, without any human intervention, send this data to the devices at the other end. The data can flow back and forth to accomplish various tasks, and this type of data communication is what makes IoT technologies a robust solution for the problems of today and tomorrow.
As the networking technologies are advancing day by day and getting cheaper and available to everyone, interconnecting devices through a standard medium is getting more and more feasible. However, as more devices collect data, it will be harder to interpret and apply that information. This is why the future of IoT depends on our ability to scale and leverage big data.
Big data refers to a set of extensive and complex data systems. These collections of data points can be structured or unstructured, through which market drifts, unidentified correlation, hidden patterns, customer preferences, and many other useful data can be extracted to figure out the possible outcomes of any business decisions. It helps analyze the past experiences to make better-informed decisions.
Proper big data analysis can result in various benefits for the organization such as generating better revenue, competing with the rivals, effective marketing, and understanding users on an individual basis.