IoT-connected devices create huge quantities of data. As a result, the impact and benefits of IoT for businesses depend upon how they manage and use big data. As the technology is only growing in popularity and adoption, in the future, we can expect to see companies being obligated to upgrade their processes, technologies and security systems in order to position themselves to get the best out of it.
Big data and IoT are intertwined. Almost all devices that we use and surround us are connected to the cloud in some way or another, sharing every minute bit of our data. Smart farming, e-health, smart retail, smart homes, smart cities, smart environment are just a few applications of IoT in the world today.
These applications generate a lot of data that companies collect with the intention of improving their business workflows, enhancing customer experience and remain relevant given their continually increasing competition. This means that IoT has a direct impact on data, making it increase in size (hence big data), and is crucial for businesses to derive accurate insights to make informed business decisions.
Scope of IoT
Turning sci-fi fantasy into reality, IoT has become an integral aspect of our daily lives. The numerous benefits resulting from the technology is beyond imagination. IoT is the new method of connecting machines to each other. In the future, we can expect the technology to develop to the point where automated services and systems will become the norm and take a more active role in providing comfort and ease as well. As a result, major business leaders all over the world and even startups are investing heavily in the technology for collecting vast amounts of data. Their aim is to leverage the benefits of big data provided by sensors, actuators and cameras, to gain actionable insights through big data analytics.
Impact of IoT on Bigdata
By now, businesses are well aware of how big data and IoT benefit from each other. Let’s dive a bit deeper into how IoT impacts big data: