OK- it is obvious but does need to be said that without analytics the IoT is just so much more data.
Successful exploitation of IoT data will also need to select, join and analyse the right internal and external ( structured & unstructured) data that, in addition to this IoT data, gives complete and contextual insights.
he report said monetising the data generated by the IoT would be the principle driver for enterprises and small businesses alike in 2016. Therefore data analytics will become a core competency, with more than 50% of businesses expecting to be using more than 25% of their data by 2018-2019. Data analytics, it said, is on the verge of evolving from descriptive data collection to a far more sophisticated model of predictive and prescriptive analytics. As industries seek to eke out more meaningful insights from these stores of data, there will be a shift away from big data to domain experts, predicted Verizon.
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