There is clearly a really powerful set of tools and capabilities that helps companies and organizations and cities of each sort affect the IoT data. It’s the fusion of information together in several technologies in different domains that's making it so very powerful. Dashboards with real-time data are often applied in other powerful ways:
- Companies use real-time social media feeds such as Twitter to measure feedback and monitor social sentiment about particular issues
- Retailers can leverage data on where customers are spending time in their stores
- Oil and gas companies monitor equipment in the field, tanker cars, and field crews enforcement agencies monitor crime as it happens, also as incoming 911 calls
What the web of Things means is that we've a still-emerging source of valuable real-time data. And, because location is such an important facet of the IoT data, many organizations and businesses find that a contemporary GIS, fed by real-time data, are often an efficient tool for daily operations, empowering decision-makers and stakeholders with the newest information they have to drive current and future ideas and methods.
As sensor-laden products, systems – and by virtue of mobile communications devices, people – become sources of nearly unlimited information with the Internet of Things, data becomes a more crucial asset for each company a day . But remember, data intrinsically isn't in and of itself valuable. A recent article in the Harvard Business Review puts it succinctly: “[Product data’s] value increases exponentially when it's integrated with other data, like service histories, inventory locations, commodity prices, and traffic patterns.”4 Without grounding data during a larger locational picture, its deep contextual value is lost.
In fact, without a context-driven and intuitive framework for analysis, much of the worth in big data is unavailable for holistic decision-making. The IoT is capable of making connections between previously disparate objects, people, patterns and, ultimately, decisions. But without the means to see and act on those connections, the power of knowledge is muted. and site data, newly ascendant within the big selection of IoT-generated data types available, promises one among the foremost powerful and effective vectors by which those connections are defined.
A coherent and cohesive IoT strategy is important no matter the industry. Whether your company is simply beginning to explore the potential of the IoT or is actively experimenting with and taking advantage of its power, proactive engagement is vital One common barrier is culture and therefore the commitment to data-driven deciding. There has got to be incentive.
There has got to be encouragement from top executives. And for that there has got to be the right valuation of data. Then, there must be a choice to form the investment in technology and tools. Organizations that passively observe this revolution, waiting for the “perfect answer” to reveal itself, risk an insurmountable competitive disadvantage.