Hello David,
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Here are highlights and insights we wanted to share with you from the April Issue.
No other innovation is creating more DATA than the Internet of Things (IoT)
IoT is a collection of network connected physical objects and machines. They have embedded identifications, sensors, and software that can provide an understanding of where they are, what they're doing and what's going on around them. These devices, billions of them, are spewing data at an amazing rate.
Industry watchers estimate that only 0.5% to 1% of all data available to a business is ever analyzed and used. Industry experts say that ANALYTICS is the key to unlocking the potential of data and specifically data from IoT.
IoT – smart devices – generate an enormous amount of data. The challenge is to capture and filter the most significant – to separate the signal from the noise. When IoT data analysis is AUTOMATED and INTEGRATED into operational systems managers and workers anticipate what's next.
Digital operations – the ability to enable decisions and actions based on real time data collection – improves productivity, increases effectiveness and decreases the cost of operation. When data analysis is AUTOMATED and INTEGRATED into operational systems managers and workers can make decisions and take actions faster. Automated data analytics take the abundance of data and transforms it into IMMEDIATE answers. Businesses rely on operations and operations improve with access to data and automated data analytics.
What is Your Strategy for IoT DATA ANALYTICS?
How will data analytics benefit your business?
- UNDERSTAND how analytics will impact culture and operations
- ASSESS if the data center technology can support the plan (compute, storage and network) – will the big data infrastructure involve moving storage to the cloud
- DETERMINE the plan for accessing internal and external data – how you will ensure quality and security
- IDENTIFY what skills you will need – are they already in house or will you get them from the outside by hiring or outsourcing
- CONSIDER data quality requirements and governance
- DEVELOP use cases and IMPLEMENT the solution
Market Trends and Research
VITRIA DIGITAL ASSETS Supporting your Ambition: Transform to a Digital Operation
Vitria has developed a free EBook exploring the topic 'IoT- More than the Data'.
Reserve your copy here.
We are focusing on a seven week executive bulletin series regarding strategy that touches on the big data architecture, the data itself and the analytics platform. The series explores how to integrate the analytics that may come with the IoT applications and the broader platform for analytics provided by VIA by Vitria. Subscribe to the series here.
Your Analytically,
The Vitria Team
http://www.vitria.com/
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