|By Fiona McNeill||
|August 21, 2014 07:00 PM EDT||
Connected cars, factory equipment and household products communicating over the Internet is increasingly becoming a reality – one that might soon elicit headlines like “Is the Internet of Things a big bust?”
That’s because it’s one thing to connect a device to the Internet and direct data back to the manufacturer or service provider. It’s another, to derive new information from those data streams. The ability to analyze data in the IoT is critical to designing better products, predicting maintenance issues, and even improving quality of life.
Understanding the Internet of Things
The Internet is no longer just a network of people using computers and smart devices to communicate with each other. In the not too distant future, everything from the factory floor to a city street will be connected to the Internet. Three out of four global business leaders are exploring the economic opportunities created by the Internet of Things (IoT), according to a report from the Economist.
This connectivity has the potential to allow enterprises to create groundbreaking new products and services. An early warning that a piece of equipment is failing faster than expected allows a manufacturer to redesign the equipment, and if needed, get a jumpstart on recalling defective products. This could eliminate many warranty claims, a larger recall and bad press.
A sprinkler system maker could leap ahead of the competition with a system programmed to sense soil dampness and compare that with current weather forecasts to decide whether to turn a sprinkler on. A savvy entrepreneur could market garbage cans that alert municipal staff when the can is nearly full. That information could be used to re-route trucks in the short-term and over time, to optimize sanitation employee schedules.
Whatever the innovation, adding intelligence to the IoT requires advanced analytics. The ability to process and analyze data in real time – as it streams from assets and across the network – is the key to taking advantage of the IoT.
Managing the Complexity Data Streams
An interesting example of IoT potential is already in the early stages of adoption by the auto industry. McKinsey Research suggests IoT technologies could save insurers and car owners $100 billion annually in accident reductions using embedded systems that detect imminent collisions - and then take evasive action. When you break apart what it would take to implement such game changing technology, the role of advanced analytics becomes clear. The data must be understood in real time, but the radar, laser and other sensor data alone isn’t enough to make an intelligent decision for the driver in that split second. It needs to know what is about to happen before it actually does happen. And to do that, it needs models that evaluate the near future scenario, rules that form the decision points of when the model scores are relevant, and prescribe actions based on well-understood patterns and historic scenario analysis. All of that data needs to be analyzed into models that live in the streams so they are assessing real-time conditions and can guide the car away from a pending accident.
Internet-connected sensors that are being embedded in everything from roadways to refrigerators will transmit so much information that it will be meaningless without robust analytics. Consider these examples:
Sensoring and smart meter programs can reduce energy consumption, but only if energy companies have sophisticated forecasting solutions that use the data to quickly reduce expensive last-minute power grid purchases.
Remote patient monitoring can provide convenient access to health care, raise its quality and save money. But if researchers don’t use the data to immediately understand the problem detected by enhanced sensors, added monitoring will simply drive up health costs with no added benefits.
Machine monitoring sensors can diagnose equipment issues and predict asset failure prior to service disruption. When connected to inventory systems, parts would be automatically ordered and field repair team schedules would be optimized across large regions. This only happens, however, if analytics are embedded throughout this process, recognizing an issue trend as it occurs, identifying the rate of asset lifetime depletion, specifying what’s needed from stock and of course, calculating the human resource needs
Analysis in the Internet of Things
Some of the common analytic techniques used today aren’t fast enough to work with IoT data streams. In traditional analysis, data is stored in a repository, tables, etc., and then analyzed. With streaming data, however, the algorithms and decision logic are stored and the data passes through them for analysis. This type of analysis makes it possible to identify and examine patterns of interest as the data is being created – in real time.
Instead of stream it, score it and store it, your organization needs to be able to stream it, score and then decide if you need to store it.
With advanced analytic techniques, data streaming moves beyond monitoring of existing conditions to evaluating future scenarios and examining complex questions - continuously. And because you have up to the fraction of a second information at your fingertips – you consistently know what could happen next, tweaking tactical activities and enriching decision strategies.
To achieve predictive abilities using IoT data, routines and algorithms are coded into software that reads the stream data at the device level or say, in a repository (typically cloud-based). Additionally, data normalization and business rules are also included in the programming, cleansing the stream data and defining the threshold conditions associated with patterns of interest defined for current and future scenarios. In addition to monitoring conditions and thresholds, you can build smart filters into the data streams from the IoT, to decide what should be kept for further analysis to assess likely future events and plan for countless what-if scenarios, or even what to archive vs. what to throw away.
Advanced and high-performance analytics that can work with streaming data are critical to realizing the potential of the Internet of Things. Without it you’ll soon see “Internet of No Thing” headlines on your favorite website.
A strange thing is happening along the way to the Internet of Things, namely far too many devices to work with and manage. It has become clear that we'll need much higher efficiency user experiences that can allow us to more easily and scalably work with the thousands of devices that will soon be in each of our lives. Enter the conversational interface revolution, combining bots we can literally talk with, gesture to, and even direct with our thoughts, with embedded artificial intelligence, wh...
May. 26, 2016 12:00 AM EDT Reads: 1,880
The IoT is changing the way enterprises conduct business. In his session at @ThingsExpo, Eric Hoffman, Vice President at EastBanc Technologies, discuss how businesses can gain an edge over competitors by empowering consumers to take control through IoT. We'll cite examples such as a Washington, D.C.-based sports club that leveraged IoT and the cloud to develop a comprehensive booking system. He'll also highlight how IoT can revitalize and restore outdated business models, making them profitable...
May. 25, 2016 10:45 PM EDT Reads: 2,600
SYS-CON Events announced today that ContentMX, the marketing technology and services company with a singular mission to increase engagement and drive more conversations for enterprise, channel and SMB technology marketers, has been named “Sponsor & Exhibitor Lounge Sponsor” of SYS-CON's 18th Cloud Expo, which will take place on June 7-9, 2016, at the Javits Center in New York City, New York. “CloudExpo is a great opportunity to start a conversation with new prospects, but what happens after the...
May. 25, 2016 10:00 PM EDT Reads: 897
The essence of data analysis involves setting up data pipelines that consist of several operations that are chained together – starting from data collection, data quality checks, data integration, data analysis and data visualization (including the setting up of interaction paths in that visualization). In our opinion, the challenges stem from the technology diversity at each stage of the data pipeline as well as the lack of process around the analysis.
May. 25, 2016 08:30 PM EDT Reads: 1,220
The 19th International Cloud Expo has announced that its Call for Papers is open. Cloud Expo, to be held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, brings together Cloud Computing, Big Data, Internet of Things, DevOps, Containers, Microservices and WebRTC to one location. With cloud computing driving a higher percentage of enterprise IT budgets every year, it becomes increasingly important to plant your flag in this fast-expanding business opportunity. Submit y...
May. 25, 2016 06:00 PM EDT Reads: 1,891
SYS-CON Events announced today that MangoApps will exhibit at SYS-CON's 18th International Cloud Expo®, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. MangoApps provides modern company intranets and team collaboration software, allowing workers to stay connected and productive from anywhere in the world and from any device. For more information, please visit https://www.mangoapps.com/.
May. 25, 2016 05:45 PM EDT Reads: 502
Internet of @ThingsExpo, taking place November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with the 19th International Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world and ThingsExpo New York Call for Papers is now open.
May. 25, 2016 05:00 PM EDT Reads: 1,724
Designing IoT applications is complex, but deploying them in a scalable fashion is even more complex. A scalable, API first IaaS cloud is a good start, but in order to understand the various components specific to deploying IoT applications, one needs to understand the architecture of these applications and figure out how to scale these components independently. In his session at @ThingsExpo, Nara Rajagopalan is CEO of Accelerite, will discuss the fundamental architecture of IoT applications, ...
May. 25, 2016 04:45 PM EDT Reads: 956
In his session at 18th Cloud Expo, Bruce Swann, Senior Product Marketing Manager at Adobe, will discuss how the Adobe Marketing Cloud can help marketers embrace opportunities for personalized, relevant and real-time customer engagement across offline (direct mail, point of sale, call center) and digital (email, website, SMS, mobile apps, social networks, connected objects). Bruce Swann has more than 15 years of experience working with digital marketing disciplines like web analytics, social med...
May. 25, 2016 04:00 PM EDT Reads: 1,200
SYS-CON Events announced today that Enzu, a leading provider of cloud hosting solutions, will exhibit at SYS-CON's 18th International Cloud Expo®, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. Enzu’s mission is to be the leading provider of enterprise cloud solutions worldwide. Enzu enables online businesses to use its IT infrastructure to their competitive advantage. By offering a suite of proven hosting and management services, Enzu wants companies to foc...
May. 25, 2016 03:45 PM EDT Reads: 2,126
Customer experience has become a competitive differentiator for companies, and it’s imperative that brands seamlessly connect the customer journey across all platforms. With the continued explosion of IoT, join us for a look at how to build a winning digital foundation in the connected era – today and in the future. In his session at @ThingsExpo, Chris Nguyen, Group Product Marketing Manager at Adobe, will discuss how to successfully leverage mobile, rapidly deploy content, capture real-time d...
May. 25, 2016 02:45 PM EDT Reads: 1,445
IoT generates lots of temporal data. But how do you unlock its value? How do you coordinate the diverse moving parts that must come together when developing your IoT product? What are the key challenges addressed by Data as a Service? How does cloud computing underlie and connect the notions of Digital and DevOps What is the impact of the API economy? What is the business imperative for Cognitive Computing? Get all these questions and hundreds more like them answered at the 18th Cloud Expo...
May. 25, 2016 02:15 PM EDT Reads: 2,133
As cloud and storage projections continue to rise, the number of organizations moving to the cloud is escalating and it is clear cloud storage is here to stay. However, is it secure? Data is the lifeblood for government entities, countries, cloud service providers and enterprises alike and losing or exposing that data can have disastrous results. There are new concepts for data storage on the horizon that will deliver secure solutions for storing and moving sensitive data around the world. ...
May. 25, 2016 02:00 PM EDT Reads: 1,155
What a difference a year makes. Organizations aren’t just talking about IoT possibilities, it is now baked into their core business strategy. With IoT, billions of devices generating data from different companies on different networks around the globe need to interact. From efficiency to better customer insights to completely new business models, IoT will turn traditional business models upside down. In the new customer-centric age, the key to success is delivering critical services and apps wit...
May. 25, 2016 01:45 PM EDT Reads: 980
SYS-CON Events announced today that 24Notion has been named “Bronze Sponsor” of SYS-CON's 18th Cloud Expo, which will take place on June 7-9, 2016, at the Javits Center in New York, New York. 24Notion is full-service global creative digital marketing, technology and lifestyle agency that combines strategic ideas with customized tactical execution. With a broad understand of the art of traditional marketing, new media, communications and social influence, 24Notion uniquely understands how to con...
May. 25, 2016 09:45 AM EDT Reads: 1,723
WebRTC is bringing significant change to the communications landscape that will bridge the worlds of web and telephony, making the Internet the new standard for communications. Cloud9 took the road less traveled and used WebRTC to create a downloadable enterprise-grade communications platform that is changing the communication dynamic in the financial sector. In his session at @ThingsExpo, Leo Papadopoulos, CTO of Cloud9, will discuss the importance of WebRTC and how it enables companies to fo...
May. 25, 2016 04:45 AM EDT Reads: 2,450
SYS-CON Events announced today TechTarget has been named “Media Sponsor” of SYS-CON's 18th International Cloud Expo, which will take place on June 7–9, 2016, at the Javits Center in New York City, NY, and the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. TechTarget is the Web’s leading destination for serious technology buyers researching and making enterprise technology decisions. Its extensive global networ...
May. 25, 2016 04:15 AM EDT Reads: 3,065
Korean Broadcasting System (KBS) will feature the upcoming 18th Cloud Expo | @ThingsExpo in a New York news documentary about the "New IT for the Future." The documentary will cover how big companies are transmitting or adopting the new IT for the future and will be filmed on the expo floor between June 7-June 9, 2016, at the Javits Center in New York City, New York. KBS has long been a leader in the development of the broadcasting culture of Korea. As the key public service broadcaster of Korea...
May. 25, 2016 04:00 AM EDT Reads: 1,727
With major technology companies and startups seriously embracing IoT strategies, now is the perfect time to attend @ThingsExpo 2016 in New York and Silicon Valley. Learn what is going on, contribute to the discussions, and ensure that your enterprise is as "IoT-Ready" as it can be! Internet of @ThingsExpo, taking place Nov 3-5, 2015, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with 17th Cloud Expo and will feature technical sessions from a rock star conference faculty ...
May. 24, 2016 06:00 PM EDT Reads: 4,693
There are several IoTs: the Industrial Internet, Consumer Wearables, Wearables and Healthcare, Supply Chains, and the movement toward Smart Grids, Cities, Regions, and Nations. There are competing communications standards every step of the way, a bewildering array of sensors and devices, and an entire world of competing data analytics platforms. To some this appears to be chaos. In this power panel at @ThingsExpo, moderated by Conference Chair Roger Strukhoff, panelists will discuss the vast to...
May. 24, 2016 04:00 PM EDT Reads: 2,389