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Harnessing the power of IoT through analytics and data visualization

May 25, 2020

Harnessing the power of IoT through analytics and data visualization
By 2025, analysts expect there to be more than 41 billion connected devices in the world. All of these intelligent, networked sensors, systems, devices and machines will generate a staggering 79.4 zettabytes of data, with data volumes growing nearly 30% a year well into the next decade.
This data can be a gold mine of critical information—if organizations make the most of it. But without the proper tools to pull out, inspect, analyze and visualize this information, IoT’s promise of better business decisions, improved efficiencies and energized innovation can’t be realized.
The right tools can also help organizations sort through the data and determine what’s valuable and what’s noise. For example, an oil rig with 30,000 sensors may examine only about 1% of the data collected, focusing mostly on detecting and addressing operational anomalies while ignoring what might be valuable information related to predictive exploration and optimization activities.
This is where IoT analytics and data visualization technologies become crucial. They’re what make IoT more than just an academic case of big and fast-growing numbers.
IoT analytics delivers insights
These insights allow companies to derive value from all the data they’re generating and storing. Data analytics tools such as Microsoft Azure Stream Analytics, AWS IoT Analytics, SAP Analytics Cloud, and Oracle Stream and Edge Analytics are used to examine datasets of every size and the metadata they hold. Through these analytic solutions, organizations can detect hard-to-find patterns, unearth industry and statistical trends, and find links between disparate datasets—such as the price of food in one region and weather conditions in another.
Analytic platforms also allow businesses to automatically analyze various combinations of archived and live-streaming structured, semi-structured or unstructured data.
Visualizing data helps us see patterns
Data visualization allows enterprises and service providers to view the material in charts and graphs to help them get a better grasp of what the data truly says. By visualizing data that’s been analyzed in graphic fashion, rather than having to pore over reports and spreadsheets, users can spot trends and patterns, understand difficult concepts and make better business decisions.
With data visualization tools from companies like IBM and TIBCO Software, organizations can derive more actionable information by drilling down into those charts and graphs, moving and changing data, and pulling it together to see the bigger picture of what’s happening with their business, their industry and their customers.
Realizing the full potential of IoT
The true power of IoT is in the data it provides—enabling businesses of all kinds to make better and faster decisions that will help them reduce costs, operate more efficiently and move more quickly to respond to market and competitive trends. While various IoT sensors and devices may collect the data, it’s the analytics and data visualization tools that propel IoT forward and make it so important to today’s modern businesses.
Ingram Micro can help you and your customers harness the power of IoT with our wide selection of solutions, kits and components. To learn more, visit the IoT marketplace at https://iot.ingrammicro.com or contact us at us.iot@ingrammicro.com.