‘Three ways the Internet of Things will improve business efficiency by harnessing big data’ – EConsultancy
Nicholas Chowdrey says, “When we hear about the Internet of Things (IoT) we often think of consumer products like wireless thermostats and multiroom speakers, meaning business uses are often overlooked.
Indeed, in a recent study by Dresner Advisory services, most industries rated IoT as not important.
However, advocates of IoT say there’s huge potential for the technology to transform business intelligence, especially when coupled with big data. They see IoT as a core justification for businesses to implement big data analytics, ranking it in the top three use cases, alongside customer analysis and data warehouse optimisation.
To get a better understanding of the potential business impact, let’s take a look at three current and future IoT business uses that harness big data.
1. Visualising data insights
When most people think of data visualisation they imagine charts, graphs and tables of numbers. Although fairly easy to understand, these simple formats fall short of today’s needs”.
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