Welcome!

Related Topics: @CloudExpo, Containers Expo Blog, @BigDataExpo, @ThingsExpo

@CloudExpo: Article

IoT Data Analytics | @ThingsExpo #IoT #M2M #IIoT #BigData #Analytics

It is essential for companies to set up their business objectives and identify and prioritize specific IoT use cases

As IoT technologies attempt to live up to their promises to solve real-world problems and deliver consistent value for companies, there is still confusion among businesses on how to collect, store, and analyze a massive amount of IoT data generated from Internet-connected devices, both from industry and consumers, and unlock its value. Many businesses that are looking to collect and analyze IoT data are still unacquainted with the benefits and capabilities the IoT analytics technology offers, or struggle with how to analyze the data to continuously benefit their business in different ways such as cost reduction, improving product and services, safety and efficiency, and enhancing customer experience. Consequently, businesses still have the prospect of creating competitive advantage by mastering complex IoT technology and fully understanding the potential of IoT data analytics capabilities.

The Product Key Features and Factors to Consider in the Selection Process
To help businesses understand the real potential and value of IoT data and IoT analytics across various IoT analytics applications and guide them in the selection process, Camrosh and Ideya Ltd., published a joint report titled IoT Data Analytics Report 2016. The report examines the IoT data analytics landscape and discusses key product features and factors to consider when selecting an IoT analytics tool. Those include:

  1. Data sources (data types and formats analysed by IoT data analytics)
  2. Data preparation process (data quality, data profiling, Master Data Management (MDM), data virtualization and protocols for data collection)
  3. Data processing and storage (key technologies, data warehousing/vertical scale, horizontal data storage and scale, data streaming processing, data latency, cloud computing and query platforms)
  4. Data Analysis (technology and methods, intelligence deployment, types of analytics including descriptive, diagnostic, predictive, prescriptive, geospatial analytics and others)
  5. Data presentation (dashboard, data virtualization, reporting, and data alerts)
  6. Administration Management, Engagement/Action feature, Security and Reliability
  7. Integration and Development tools and customizations.

In addition, the report explains and discusses other key factors impacting the selection process such as scalability and flexibility of data analytics tools, vendor's years in business, vendor's industry focus, product use cases, pricing and key clients and provide a directory and comparison of 47 leading IoT data analytics products.

The Product Key Features and Factors Impacting the Selection Process

IoT vendors and products featured and profiled in the report range from large players, such as Accenture, AGT International, Cisco, IBM Watson, Intel, Microsoft, Oracle, HP Enterprise, PTC, SAP SE, Software AG, Splunk, and Teradata; midsize players, such as Actian, Aeris, Angoss, Bit Stew Systems, Blue Yonder, Datameer, DataStax, Datawatch, mnubo, Mongo DB, Predixion Software, RapidMiner, and Space Time Insight; as well emerging players, such as Bright Wolf, Falkonry, Glassbeam, Keen IO, Measurence, Plat.One, Senswaves, Sight Machine, SpliceMachine, SQLStream, Stemys.io, Tellient, TempoIQ, Vitria Technology, waylay, and X15 Software.

Business Focus of Great Importance
In order to create real business value from the Internet of Things by leveraging IoT data analytics, it is essential for companies to set up their business objectives across the organization and identify and prioritize specific IoT use cases that support each of the organizational functions. Companies need to ask specific questions that need to be addressed (such as "How can we reduce cost?", "How can we predict potential problems in operations before they happen?", "Where and when are those problems most likely to occur?", "How can we make a product smarter and improve customer experience?", etc.) and identify which data and what type of analysis are needed to address these key questions.

For that reason, the report examines use cases of IoT data analytics across a range of business functions such as Marketing, Sales, Customer Services, Operations/Production, Services and Product Development, as well as illustrates use cases across industry verticals including Agriculture, Energy, Utilities, Environment & Public Safety, Healthcare/Medical & Lifestyle, Wearables, Insurance, Manufacturing, Military/Defence & Cyber Security, Oil & Gas, Retail, Public Sector (e.g., Smart Cities), Smart Homes/Smart Buildings, Supply Chain, Telecommunication and Transportation. To help companies get the most from their IoT deployments and select IoT data analytics based on industry specialization, the report addresses use cases for each of the mentioned industry sectors, its benefits, and indicates use cases covered by each of the featured IoT data analytics tools.

Selecting the right IoT analytics tool that fits the specific requirements and use cases of a business is a crucial strategic decision, because once adopted, IoT analytics impacts not only business processes and operations, but also the whole supply chain and people involved by changing the way information is used, and the overall impact it has on the organization. Furthermore, it is evident that companies that invest in IoT with a long-term view and business focus are well positioned to succeed in this fast evolving area.

Building the Right Partnerships - The Key to IoT Success
IoT data analytics vendors have created a broad range of partnerships and built an ecosystem to help businesses design and implement end-to-end IoT solutions. Through the detailed analysis and mapping of the partnerships formed by IoT analytics vendors, the IoT data analytics report shows that nearly all featured IoT analytics vendors reviewed are interconnected to one or more of the sample set, as well as a list of partners from different industries.

The report reveals that the partnerships play a key role in the ecosystem and enable vendors to address specific technology requirements, access market channels, and other aspects of providing services through partnering with enablers in the ecosystem. With the emergence of new use cases and their increasing sophistication, industry domain knowledge will increase in importance.

Partner Ecosystem Map of Featured IoT Analytics Vendors produced in NodeXL

Other factors, such as compatibility with legacy systems, capacity for responsive storage and computation power, as well as multiple analytics techniques and advanced analytics functions are increasingly becoming the norm. Having a good map to find one's way through the dynamic and fast-moving IoT analytics vendors' ecosystem is a good starting point to make better decisions when it comes to joining the IoT revolution and reaping its benefits.

For more information on the report, please see the report excerpts from the IoT Data Analytics Report 2016 that is available on Slideshare.net.

More Stories By Luisa Milic

Luisa Milic, M.Sc. is the Founder and Director of Ideya Business and Marketing Consultancy (http://ideya.eu.com), specialised in providing market research and analysis, business planning and strategic planning. She has 22 years of international experience, working 11 years at KPMG LLP Market Research in the USA and leading the Ideya consultancy in Europe for the past 11 years. In 2004, she joined the vibrant entrepreneurial network in Cambridge, UK to bring her expertise to a broad range of clients across Europe and create a bridge with US companies and expert networks. Luisa works on innovative business and market strategies with clients across industry sectors including manufacturing, retail and consumer goods, education, tourism, and information technology. Her work also includes projects and seminars on usage of various methods for market research/analysis, facilitation of strategic planning workshops and research/advisory support to companies exploring Social Media Monitoring Technologies and IoT Data Analytics.

Through Ideya, Luisa has been involved in preparation of business plans within FP6/FP7 European programmes with a goal to make the project results meaningful from the business perspective and ensure long term benefits of the EU investments. Her engagements include preparation of business plans, formulation of strategies and sustainable business models related to the exploitation and commercialization of their technical and ideological solutions, as well as capacity building initiatives in developing economies focused on strategic planning and business development.

Comments (0)

Share your thoughts on this story.

Add your comment
You must be signed in to add a comment. Sign-in | Register

In accordance with our Comment Policy, we encourage comments that are on topic, relevant and to-the-point. We will remove comments that include profanity, personal attacks, racial slurs, threats of violence, or other inappropriate material that violates our Terms and Conditions, and will block users who make repeated violations. We ask all readers to expect diversity of opinion and to treat one another with dignity and respect.


Latest Stories
SYS-CON Events announced today that Commvault, a global leader in enterprise data protection and information management, has been named “Bronze Sponsor” of SYS-CON's 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Commvault is a leading provider of data protection and information management solutions, helping companies worldwide activate their data to drive more value and business insight and to transform moder...
The Transparent Cloud-computing Consortium (abbreviation: T-Cloud Consortium) will conduct research activities into changes in the computing model as a result of collaboration between "device" and "cloud" and the creation of new value and markets through organic data processing High speed and high quality networks, and dramatic improvements in computer processing capabilities, have greatly changed the nature of applications and made the storing and processing of data on the network commonplace.
DevOps at Cloud Expo – being held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA – announces that its Call for Papers is open. Born out of proven success in agile development, cloud computing, and process automation, DevOps is a macro trend you cannot afford to miss. From showcase success stories from early adopters and web-scale businesses, DevOps is expanding to organizations of all sizes, including the world's largest enterprises – and delivering real results. Am...
SYS-CON Events announced today that Bsquare has been named “Silver Sponsor” of SYS-CON's @ThingsExpo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. For more than two decades, Bsquare has helped its customers extract business value from a broad array of physical assets by making them intelligent, connecting them, and using the data they generate to optimize business processes.
I'm a lonely sensor. I spend all day telling the world how I'm feeling, but none of the other sensors seem to care. I want to be connected. I want to build relationships with other sensors to be more useful for my human. I want my human to understand that when my friends next door are too hot for a while, I'll soon be flaming. And when all my friends go outside without me, I may be left behind. Don't just log my data; use the relationship graph. In his session at @ThingsExpo, Ryan Boyd, Engi...
SYS-CON Events announced today that Pulzze Systems will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Pulzze Systems, Inc. provides infrastructure products for the Internet of Things to enable any connected device and system to carry out matched operations without programming. For more information, visit http://www.pulzzesystems.com.
Fact is, enterprises have significant legacy voice infrastructure that’s costly to replace with pure IP solutions. How can we bring this analog infrastructure into our shiny new cloud applications? There are proven methods to bind both legacy voice applications and traditional PSTN audio into cloud-based applications and services at a carrier scale. Some of the most successful implementations leverage WebRTC, WebSockets, SIP and other open source technologies. In his session at @ThingsExpo, Da...
SYS-CON Events announced today that Secure Channels will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. The bedrock of Secure Channels Technology is a uniquely modified and enhanced process based on superencipherment. Superencipherment is the process of encrypting an already encrypted message one or more times, either using the same or a different algorithm.
Traditional on-premises data centers have long been the domain of modern data platforms like Apache Hadoop, meaning companies who build their business on public cloud were challenged to run Big Data processing and analytics at scale. But recent advancements in Hadoop performance, security, and most importantly cloud-native integrations, are giving organizations the ability to truly gain value from all their data. In his session at 19th Cloud Expo, David Tishgart, Director of Product Marketing ...
Almost two-thirds of companies either have or soon will have IoT as the backbone of their business in 2016. However, IoT is far more complex than most firms expected. How can you not get trapped in the pitfalls? In his session at @ThingsExpo, Tony Shan, a renowned visionary and thought leader, will introduce a holistic method of IoTification, which is the process of IoTifying the existing technology and business models to adopt and leverage IoT. He will drill down to the components in this fra...
The vision of a connected smart home is becoming reality with the application of integrated wireless technologies in devices and appliances. The use of standardized and TCP/IP networked wireless technologies in line-powered and battery operated sensors and controls has led to the adoption of radios in the 2.4GHz band, including Wi-Fi, BT/BLE and 802.15.4 applied ZigBee and Thread. This is driving the need for robust wireless coexistence for multiple radios to ensure throughput performance and th...
SYS-CON Events announced today the Kubernetes and Google Container Engine Workshop, being held November 3, 2016, in conjunction with @DevOpsSummit at 19th Cloud Expo at the Santa Clara Convention Center in Santa Clara, CA. This workshop led by Sebastian Scheele introduces participants to Kubernetes and Google Container Engine (GKE). Through a combination of instructor-led presentations, demonstrations, and hands-on labs, students learn the key concepts and practices for deploying and maintainin...
Enterprise IT has been in the era of Hybrid Cloud for some time now. But it seems most conversations about Hybrid are focused on integrating AWS, Microsoft Azure, or Google ECM into existing on-premises systems. Where is all the Private Cloud? What do technology providers need to do to make their offerings more compelling? How should enterprise IT executives and buyers define their focus, needs, and roadmap, and communicate that clearly to the providers?
SYS-CON Events announced today that SoftLayer, an IBM Company, has been named “Gold Sponsor” of SYS-CON's 18th Cloud Expo, which will take place on June 7-9, 2016, at the Javits Center in New York, New York. SoftLayer, an IBM Company, provides cloud infrastructure as a service from a growing number of data centers and network points of presence around the world. SoftLayer’s customers range from Web startups to global enterprises.
There is little doubt that Big Data solutions will have an increasing role in the Enterprise IT mainstream over time. Big Data at Cloud Expo - to be held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA - has announced its Call for Papers is open. Cloud computing is being adopted in one form or another by 94% of enterprises today. Tens of billions of new devices are being connected to The Internet of Things. And Big Data is driving this bus. An exponential increase is...