14 Ways IoT Will Change Big Data And Business Forever - InformationWeek
IoT
IoT
Data Management // IoT
News
12/14/2015
08:00 AM
Lisa Morgan
Lisa Morgan
Slideshows
Connect Directly
Twitter
RSS
E-Mail
100%
0%

14 Ways IoT Will Change Big Data And Business Forever

The Internet of Things (IoT) has gained momentum. Sensors are now small and cheap enough to embed in all kinds of devices, and more companies are leveraging the vast data generated. Here are some key drivers your company needs to remember as you jump into IoT.
Previous
1 of 15
Next

(Image: moerschy via Pixabay)

(Image: moerschy via Pixabay)

Gartner expects 6.4 billion "things" will be connected to the Internet in 2016, up 30% from 2015. Although sensors aren't new, they're being built into more types of devices because they are considerably smaller and cheaper than they once were. More organizations, regardless of industry segment, will embrace IoT devices to lower operating costs, increase revenue, or provide more relevant customer experiences. The road to success comes with pitfalls, however, some of which can be avoided or minimized with little effort or cost.

[Learn more about the Internet of Things (IOT). Read 6 Internet Of Things Building Blocks.]

The obvious problem is the sheer volume of data. Cramming every piece of sensor data into an existing data warehouse or a cloud environment probably isn't practical, or even wise.

"The different approaches to data management have revolved around building enterprise data models and integrating data from different places and then making them look the same. That was expensive and cumbersome, but it was doable," said PricewaterhouseCoopers (PwC) partner Oliver Halter, in an interview. "No matter how much money you throw at it, traditional data management, from a process point of view, doesn't work anymore because you get new data sources and new types of data all the time that you have to integrate very rapidly."

Moreover, many organizations have no idea what they would do with IoT data if they had it. If the potential business value can't be defined, there's little that can be gained from adopting even the coolest IoT innovations.

"Before you think about software or technology, what's the business problem you're trying to solve? If you're an executive at one of the companies we work with, you're losing 2% of revenue to fraud or sensor malfunction. And 2% of your revenue may mean $100 million," said Houman Behzadi, senior vice president of products at enterprise application software provider C3 Energy, in an interview. "If you want to be successful, you have to solve a business problem like fraud."

Here are a few of the ways the IoT can impact companies' IT infrastructures and data strategies, and the bottom line.

Lisa Morgan is a freelance writer who covers big data and BI for InformationWeek. She has contributed articles, reports, and other types of content to various publications and sites ranging from SD Times to the Economist Intelligent Unit. Frequent areas of coverage include ... View Full Bio

We welcome your comments on this topic on our social media channels, or [contact us directly] with questions about the site.
Previous
1 of 15
Next
Comment  | 
Print  | 
More Insights
Comments
Newest First  |  Oldest First  |  Threaded View
pfretty494
100%
0%
pfretty494,
User Rank: Moderator
12/14/2015 | 9:40:13 PM
It takes a village
So much potential within the IoT space. However, for most organizations to actually realize the true benefits, they are going to need help leveraging the best in class from each of the various infrastructure components. There needs to be seamlessness, which in my opinion could end up beiing the biggest challenge as people move from the slightly converged to truly digital to IoT spaces. Peter Fretty, IDG blogger for VMware. 
2018 State of the Cloud
2018 State of the Cloud
Cloud adoption is growing, but how are organizations taking advantage of it? Interop ITX and InformationWeek surveyed technology decision-makers to find out, read this report to discover what they had to say!
Commentary
Tech Vendors to Watch in 2019
Susan Fogarty, Editor in Chief,  11/13/2018
Commentary
Getting DevOps Wrong: Top 5 Mistakes Organizations Make
Bill Kleyman, Writer/Blogger/Speaker,  11/2/2018
Commentary
AI & Machine Learning: An Enterprise Guide
James M. Connolly, Executive Managing Editor, InformationWeekEditor in Chief,  9/27/2018
Register for InformationWeek Newsletters
Video
Current Issue
The Next Generation of IT Support
The workforce is changing as businesses become global and technology erodes geographical and physical barriers.IT organizations are critical to enabling this transition and can utilize next-generation tools and strategies to provide world-class support regardless of location, platform or device
White Papers
Slideshows
Twitter Feed
Sponsored Live Streaming Video
Everything You've Been Told About Mobility Is Wrong
Attend this video symposium with Sean Wisdom, Global Director of Mobility Solutions, and learn about how you can harness powerful new products to mobilize your business potential.
Sponsored Video
Flash Poll