|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.
SYS-CON Events announced today that HPM Networks will exhibit at the 17th International Cloud Expo®, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. For 20 years, HPM Networks has been integrating technology solutions that solve complex business challenges. HPM Networks has designed solutions for both SMB and enterprise customers throughout the San Francisco Bay Area.
Aug. 3, 2015 06:45 PM EDT Reads: 546
For IoT to grow as quickly as analyst firms’ project, a lot is going to fall on developers to quickly bring applications to market. But the lack of a standard development platform threatens to slow growth and make application development more time consuming and costly, much like we’ve seen in the mobile space. In his session at @ThingsExpo, Mike Weiner, Product Manager of the Omega DevCloud with KORE Telematics Inc., discussed the evolving requirements for developers as IoT matures and conducted a live demonstration of how quickly application development can happen when the need to comply wit...
Aug. 2, 2015 11:15 AM EDT Reads: 376
The Internet of Everything (IoE) brings together people, process, data and things to make networked connections more relevant and valuable than ever before – transforming information into knowledge and knowledge into wisdom. IoE creates new capabilities, richer experiences, and unprecedented opportunities to improve business and government operations, decision making and mission support capabilities.
Aug. 1, 2015 10:00 AM EDT Reads: 351
Explosive growth in connected devices. Enormous amounts of data for collection and analysis. Critical use of data for split-second decision making and actionable information. All three are factors in making the Internet of Things a reality. Yet, any one factor would have an IT organization pondering its infrastructure strategy. How should your organization enhance its IT framework to enable an Internet of Things implementation? In his session at @ThingsExpo, James Kirkland, Red Hat's Chief Architect for the Internet of Things and Intelligent Systems, described how to revolutionize your archit...
Jul. 30, 2015 07:30 PM EDT Reads: 1,433
MuleSoft has announced the findings of its 2015 Connectivity Benchmark Report on the adoption and business impact of APIs. The findings suggest traditional businesses are quickly evolving into "composable enterprises" built out of hundreds of connected software services, applications and devices. Most are embracing the Internet of Things (IoT) and microservices technologies like Docker. A majority are integrating wearables, like smart watches, and more than half plan to generate revenue with APIs within the next year.
Jul. 30, 2015 02:30 PM EDT Reads: 161
Growth hacking is common for startups to make unheard-of progress in building their business. Career Hacks can help Geek Girls and those who support them (yes, that's you too, Dad!) to excel in this typically male-dominated world. Get ready to learn the facts: Is there a bias against women in the tech / developer communities? Why are women 50% of the workforce, but hold only 24% of the STEM or IT positions? Some beginnings of what to do about it! In her Opening Keynote at 16th Cloud Expo, Sandy Carter, IBM General Manager Cloud Ecosystem and Developers, and a Social Business Evangelist, d...
Jul. 30, 2015 12:00 PM EDT Reads: 2,093
In his keynote at 16th Cloud Expo, Rodney Rogers, CEO of Virtustream, discussed the evolution of the company from inception to its recent acquisition by EMC – including personal insights, lessons learned (and some WTF moments) along the way. Learn how Virtustream’s unique approach of combining the economics and elasticity of the consumer cloud model with proper performance, application automation and security into a platform became a breakout success with enterprise customers and a natural fit for the EMC Federation.
Jul. 30, 2015 09:00 AM EDT Reads: 2,182
The Internet of Things is not only adding billions of sensors and billions of terabytes to the Internet. It is also forcing a fundamental change in the way we envision Information Technology. For the first time, more data is being created by devices at the edge of the Internet rather than from centralized systems. What does this mean for today's IT professional? In this Power Panel at @ThingsExpo, moderated by Conference Chair Roger Strukhoff, panelists addressed this very serious issue of profound change in the industry.
Jul. 29, 2015 03:00 PM EDT Reads: 1,306
Discussions about cloud computing are evolving into discussions about enterprise IT in general. As enterprises increasingly migrate toward their own unique clouds, new issues such as the use of containers and microservices emerge to keep things interesting. In this Power Panel at 16th Cloud Expo, moderated by Conference Chair Roger Strukhoff, panelists addressed the state of cloud computing today, and what enterprise IT professionals need to know about how the latest topics and trends affect their organization.
Jul. 29, 2015 02:00 PM EDT Reads: 1,217
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 session at @ThingsExpo, Jason Mondanaro, Director, Product Management at Metanga, discussed how you can plan to cooperate, partner, and form lasting all-star teams to change the world and it starts with business models and monetization strategies.
Jul. 28, 2015 04:30 PM EDT Reads: 1,781
Converging digital disruptions is creating a major sea change - Cisco calls this the Internet of Everything (IoE). IoE is the network connection of People, Process, Data and Things, fueled by Cloud, Mobile, Social, Analytics and Security, and it represents a $19Trillion value-at-stake over the next 10 years. In her keynote at @ThingsExpo, Manjula Talreja, VP of Cisco Consulting Services, discussed IoE and the enormous opportunities it provides to public and private firms alike. She will share what businesses must do to thrive in the IoE economy, citing examples from several industry sectors.
Jul. 28, 2015 11:00 AM EDT Reads: 2,056
There will be 150 billion connected devices by 2020. New digital businesses have already disrupted value chains across every industry. APIs are at the center of the digital business. You need to understand what assets you have that can be exposed digitally, what their digital value chain is, and how to create an effective business model around that value chain to compete in this economy. No enterprise can be complacent and not engage in the digital economy. Learn how to be the disruptor and not the disruptee.
Jul. 27, 2015 10:00 AM EDT Reads: 2,053
Akana has released Envision, an enhanced API analytics platform that helps enterprises mine critical insights across their digital eco-systems, understand their customers and partners and offer value-added personalized services. “In today’s digital economy, data-driven insights are proving to be a key differentiator for businesses. Understanding the data that is being tunneled through their APIs and how it can be used to optimize their business and operations is of paramount importance,” said Alistair Farquharson, CTO of Akana.
Jul. 27, 2015 09:00 AM EDT Reads: 340
Business as usual for IT is evolving into a "Make or Buy" decision on a service-by-service conversation with input from the LOBs. How does your organization move forward with cloud? In his general session at 16th Cloud Expo, Paul Maravei, Regional Sales Manager, Hybrid Cloud and Managed Services at Cisco, discusses how Cisco and its partners offer a market-leading portfolio and ecosystem of cloud infrastructure and application services that allow you to uniquely and securely combine cloud business applications and services across multiple cloud delivery models.
Jul. 27, 2015 08:00 AM EDT Reads: 1,915
The enterprise market will drive IoT device adoption over the next five years. In his session at @ThingsExpo, John Greenough, an analyst at BI Intelligence, division of Business Insider, analyzed how companies will adopt IoT products and the associated cost of adopting those products. John Greenough is the lead analyst covering the Internet of Things for BI Intelligence- Business Insider’s paid research service. Numerous IoT companies have cited his analysis of the IoT. Prior to joining BI Intelligence, he worked analyzing bank technology for Corporate Insight and The Clearing House Payment...
Jul. 26, 2015 09:00 PM EDT Reads: 1,596
"Optimal Design is a technology integration and product development firm that specializes in connecting devices to the cloud," stated Joe Wascow, Co-Founder & CMO of Optimal Design, in this SYS-CON.tv interview at @ThingsExpo, held June 9-11, 2015, at the Javits Center in New York City.
Jul. 25, 2015 02:00 PM EDT Reads: 408
SYS-CON Events announced today that CommVault has been named “Bronze Sponsor” of SYS-CON's 17th International Cloud Expo®, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. A singular vision – a belief in a better way to address current and future data management needs – guides CommVault in the development of Singular Information Management® solutions for high-performance data protection, universal availability and simplified management of data on complex storage networks. CommVault's exclusive single-platform architecture gives companies unp...
Jul. 25, 2015 01:00 PM EDT Reads: 1,982
Electric Cloud and Arynga have announced a product integration partnership that will bring Continuous Delivery solutions to the automotive Internet-of-Things (IoT) market. The joint solution will help automotive manufacturers, OEMs and system integrators adopt DevOps automation and Continuous Delivery practices that reduce software build and release cycle times within the complex and specific parameters of embedded and IoT software systems.
Jul. 25, 2015 12:15 PM EDT Reads: 491
"ciqada is a combined platform of hardware modules and server products that lets people take their existing devices or new devices and lets them be accessible over the Internet for their users," noted Geoff Engelstein of ciqada, a division of Mars International, in this SYS-CON.tv interview at @ThingsExpo, held June 9-11, 2015, at the Javits Center in New York City.
Jul. 25, 2015 12:00 PM EDT Reads: 1,565
Internet of Things is moving from being a hype to a reality. Experts estimate that internet connected cars will grow to 152 million, while over 100 million internet connected wireless light bulbs and lamps will be operational by 2020. These and many other intriguing statistics highlight the importance of Internet powered devices and how market penetration is going to multiply many times over in the next few years.
Jul. 25, 2015 09:00 AM EDT Reads: 1,509