How Big Data and IoT can revolutionize business enterprises?
By Sonal Maheshwari
Our world is going through tectonic shifts and the domain of technology is taking giant leaps propelling the human race forward. Data is today a huge part of every business's lifecycle. Regardless of the industry type there is no denying the fact that Big Data is today playing a pivotal role in deciding which businesses stay successful and which one's fall by the wayside. Another big revolution that is on the horizon is the Internet of Things which is being heralded as the grand scheme of things where everything from our homes, automobiles, industrial equipments will be connected into a network of biblical proportions. Intellipaat offers comprehensive courses in Big Data, Internet of Things and 150 other cutting-edge tools and technologies to help you make the best of this revolution underway.
This article delves upon the possibilities that will open up when the world of Big Data will combine with the Internet of Things in order to give enterprises a definitive competitive edge and take them to a different orbit.
Here are the implications of the synergies between Big Data & Internet of Things:
The Internet of Things generates a huge amount of data thanks to it inherently being a grand network where data comes thick and fast. All this data passes through different steps in order to get converted from raw form to the final cleansed form.
Many of the conversations taking place around the Internet of Things (IoT) are incomplete without a mention of Big Data. Connected devices, and sensors all operate in ways that involve massive amounts of data. For an IoT deployment to become successful it is imperative that large amounts of data have to be collected and this is where Big Data comes into the picture.
Today Internet of Things and Big Data are hurtling towards a very exciting future and together they enjoy a symbiotic relationship. The number of connected devices will reach up to 50 Billion in the next couple of years. Also the amount of data that we are creating is measured in Zettabytes today. So how exactly can businesses benefit from these new changes on the horizon?
Most of the organizations today are data-driven organizations. It is data that is the ultimate competitive edge and data is pure gold. While at the same time Internet of Things is helping organizations to connect things that were previously not feasible. It is possible to connect our industrial equipment, transportation infrastructure, put tracking sensors in devices, instruments and objects in order to constantly gather data and make smart decisions.
The Internet of Things will usher in a new era wherein machine to machine communication will be possible. Machine generated data will be a huge part of the data landscape. Already there are reliable sources predicting that in the next couple of years over 70% of Big Data will be machine generated data. That leaves huge business opportunity for organizations to take data-driven decision-making to the next level and reap rich dividends from it. Internet of Things is the reason for the huge proliferation of the machine generated data within the Big Data landscape. All this data could be structured, unstructured, log data, time series data and so on helping organizations get a real-time view of what exactly is happening in the business environment.
When the Internet of Things and Big Data come together the business enterprises can truly benefit. It is about deploying IoT for various purposes for collecting operational data, business data, remote sensor data and so on in order to apply big data analytics to it. It is not just about collecting data and applying analytics to it but rather it is the process of gaining valuable business insights in order to drive actionable strategies to help businesses garner bigger revenue, customer base and ultimately profits.