TDWI Checklist Report | Six Steps for Generating Business Value from Operational IoT Data
December 14, 2018
There’s no shortage of data in operations. The question is how to gain value from it. The Internet of Things (IoT)—the growing network of connected physical objects that are embedded with sensors, software, and other technologies—is becoming a major contributor to the tsunami of operational data.
TDWI research anticipates that IoT data collection will grow by 200 percent in the next few years; other research firms say that the number of interconnected devices, from parts in a tractor, truck, or washing machine to personal mobile devices, could hit 50 billion as soon as 2020.
Although collecting this data is important, organizations obviously want to do more than that. They need to prepare it well and integrate it with other data so they can analyze and visualize trends and patterns for predictive insights. They also need to enable real-time awareness of events that require immediate response if conditions warrant.
This TDWI Checklist focuses on how organizations can develop strategies for improving operational intelligence, particularly by realizing value from IoT data.