|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.
In his keynote at 18th Cloud Expo, Andrew Keys, Co-Founder of ConsenSys Enterprise, provided an overview of the evolution of the Internet and the Database and the future of their combination – the Blockchain. Andrew Keys is Co-Founder of ConsenSys Enterprise. He comes to ConsenSys Enterprise with capital markets, technology and entrepreneurial experience. Previously, he worked for UBS investment bank in equities analysis. Later, he was responsible for the creation and distribution of life sett...
Jun. 25, 2016 06:15 PM EDT Reads: 981
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, Bradley Holt, Developer Advocate a...
Jun. 25, 2016 05:00 PM EDT Reads: 669
Cognitive Computing is becoming the foundation for a new generation of solutions that have the potential to transform business. Unlike traditional approaches to building solutions, a cognitive computing approach allows the data to help determine the way applications are designed. This contrasts with conventional software development that begins with defining logic based on the current way a business operates. In her session at 18th Cloud Expo, Judith S. Hurwitz, President and CEO of Hurwitz & ...
Jun. 25, 2016 03:00 PM EDT Reads: 1,524
In his general session at 18th Cloud Expo, Lee Atchison, Principal Cloud Architect and Advocate at New Relic, discussed cloud as a ‘better data center’ and how it adds new capacity (faster) and improves application availability (redundancy). The cloud is a ‘Dynamic Tool for Dynamic Apps’ and resource allocation is an integral part of your application architecture, so use only the resources you need and allocate /de-allocate resources on the fly.
Jun. 25, 2016 02:15 PM EDT Reads: 1,006
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...
Jun. 25, 2016 01:45 PM EDT Reads: 869
19th Cloud Expo, taking place November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, will feature technical sessions from a rock star conference faculty and the leading industry players in the world. Cloud computing is now being embraced by a majority of enterprises of all sizes. Yesterday's debate about public vs. private has transformed into the reality of hybrid cloud: a recent survey shows that 74% of enterprises have a hybrid cloud strategy. Meanwhile, 94% of enterpri...
Jun. 25, 2016 01:15 PM EDT Reads: 1,197
SYS-CON Events announced today that Bsquare has been named “Silver Sponsor” of SYS-CON's @ThingsExpo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. For more than two decades, Bsquare has helped its customers extract business value from a broad array of physical assets by making them intelligent, connecting them, and using the data they generate to optimize business processes.
Jun. 25, 2016 11:45 AM EDT Reads: 1,161
Internet of @ThingsExpo, taking place November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with 19th Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. The Internet of Things (IoT) is the most profound change in personal and enterprise IT since the creation of the Worldwide Web more than 20 years ago. All major researchers estimate there will be tens of billions devices - comp...
Jun. 25, 2016 11:15 AM EDT Reads: 1,161
There is little doubt that Big Data solutions will have an increasing role in the Enterprise IT mainstream over time. Big Data at Cloud Expo - to be held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA - has announced its Call for Papers is open. Cloud computing is being adopted in one form or another by 94% of enterprises today. Tens of billions of new devices are being connected to The Internet of Things. And Big Data is driving this bus. An exponential increase is...
Jun. 25, 2016 11:00 AM EDT Reads: 1,279
Machine Learning helps make complex systems more efficient. By applying advanced Machine Learning techniques such as Cognitive Fingerprinting, wind project operators can utilize these tools to learn from collected data, detect regular patterns, and optimize their own operations. In his session at 18th Cloud Expo, Stuart Gillen, Director of Business Development at SparkCognition, discussed how research has demonstrated the value of Machine Learning in delivering next generation analytics to imp...
Jun. 25, 2016 11:00 AM EDT Reads: 485
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, Digital Transformation, 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 opportuni...
Jun. 25, 2016 10:30 AM EDT Reads: 1,229
Cloud computing is being adopted in one form or another by 94% of enterprises today. Tens of billions of new devices are being connected to The Internet of Things. And Big Data is driving this bus. An exponential increase is expected in the amount of information being processed, managed, analyzed, and acted upon by enterprise IT. This amazing is not part of some distant future - it is happening today. One report shows a 650% increase in enterprise data by 2020. Other estimates are even higher....
Jun. 25, 2016 10:15 AM EDT Reads: 1,220
The cloud market growth today is largely in public clouds. While there is a lot of spend in IT departments in virtualization, these aren’t yet translating into a true “cloud” experience within the enterprise. What is stopping the growth of the “private cloud” market? In his general session at 18th Cloud Expo, Nara Rajagopalan, CEO of Accelerite, explored the challenges in deploying, managing, and getting adoption for a private cloud within an enterprise. What are the key differences between wh...
Jun. 25, 2016 10:00 AM EDT Reads: 666
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 Silicon Valley Call for Papers is now open.
Jun. 25, 2016 09:30 AM EDT Reads: 1,081
It is one thing to build single industrial IoT applications, but what will it take to build the Smart Cities and truly society changing applications of the future? The technology won’t be the problem, it will be the number of parties that need to work together and be aligned in their motivation to succeed. In his Day 2 Keynote at @ThingsExpo, Henrik Kenani Dahlgren, Portfolio Marketing Manager at Ericsson, discussed how to plan to cooperate, partner, and form lasting all-star teams to change t...
Jun. 25, 2016 07:45 AM EDT Reads: 1,053
Connected devices and the industrial internet are growing exponentially every year with Cisco expecting 50 billion devices to be in operation by 2020. In this period of growth, location-based insights are becoming invaluable to many businesses as they adopt new connected technologies. Knowing when and where these devices connect from is critical for a number of scenarios in supply chain management, disaster management, emergency response, M2M, location marketing and more. In his session at @Th...
Jun. 25, 2016 07:30 AM EDT Reads: 877
SYS-CON Events announced today that ReadyTalk, a leading provider of online conferencing and webinar services, has been named Vendor Presentation Sponsor at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. ReadyTalk delivers audio and web conferencing services that inspire collaboration and enable the Future of Work for today’s increasingly digital and mobile workforce. By combining intuitive, innovative tec...
Jun. 24, 2016 01:00 PM EDT Reads: 1,331
Amazon has gradually rolled out parts of its IoT offerings, but these are just the tip of the iceberg. In addition to optimizing their backend AWS offerings, Amazon is laying the ground work to be a major force in IoT - especially in the connected home and office. In his session at @ThingsExpo, Chris Kocher, founder and managing director of Grey Heron, explained how Amazon is extending its reach to become a major force in IoT by building on its dominant cloud IoT platform, its Dash Button strat...
Jun. 24, 2016 12:00 PM EDT Reads: 1,589
industrial company for a multi-year contract initially valued at over $4.0 million. In addition to DataV software, Bsquare will also provide comprehensive systems integration, support and maintenance services. DataV leverages advanced data analytics, predictive reasoning, data-driven diagnostics, and automated orchestration of remediation actions in order to improve asset uptime while reducing service and warranty costs.
Jun. 22, 2016 11:00 AM EDT Reads: 1,351
Vidyo, Inc., has joined the Alliance for Open Media. The Alliance for Open Media is a non-profit organization working to define and develop media technologies that address the need for an open standard for video compression and delivery over the web. As a member of the Alliance, Vidyo will collaborate with industry leaders in pursuit of an open and royalty-free AOMedia Video codec, AV1. Vidyo’s contributions to the organization will bring to bear its long history of expertise in codec technolo...
Jun. 19, 2016 12:45 PM EDT Reads: 1,243