Today data are expanding day by day due to IoT devices or interconnected devices at a humongous rate. The increased dependency of acquiring data and organization has to rely on these different data sets to give a deep insight into them, which was previously unknown to them.
The maximum utilization of these data generated from IoT sensors requires an effective analytics strategy in real-time. The application of IoT has grown tremendously and thereby generating a huge amount of data that form input for intelligent data processing. Nowadays demand for big data is driving IoT adoption. Both these powerful technology are creating a positive feedback loop making them imperative to the business world.
More Iot create a huge amount of Data
The more the IoT device in the business the more amount of data will be generated and there will be a bigger data mining opportunities in the business.
Registering Growth
The number of IoT devices can grow to 25+ billion by 2020 and the big data industry is projecting to grow. IoT and big data are some of the technologies that have the fastest growth in disruptive technologies.
Key innovation Ingredient
If the business didn’t take advantage of the big data they will be facing blind challenges and equally will be blind for the opportunities that they leverage. And if the IoT fails the business won’t be able to capitalize on automation and efficiency.
Value to real-time action
Big data and IoT can enable real-time and on-demand action which was not even possible in the past years. Data analysts can help the bank to identify the fraud action that is occurring during a credit transaction. Similarly, Iot powered homes can shut down when there is leakage of pipe within that instance it detects the leaks or can send SMS to the owner when a window is broke.
Common Challenges
Big data and IoT face the same challenges such as the need to support a diverse range of devices and the uses cases. Response to these challenges generate synergy between fields and address the concerns that occur generally.
To succeed in big data and IoT business needs to work with the information no matter in whichever it is been stored, whatever type of devices it stays, and how quickly it can adapt to the changes. This integrated big data and IoT technology seek to achieve a perfect symphony.
