Analysts estimate that there are billions of IoT-connected devices today. McKinsey predicts that IoT has the potential to drive up to $6.2 trillion of economic impact by 2025. The trend is real and being propelled by ubiquitous high-speed networks and low-cost devices and sensors.
TDWI expects that the number of organizations collecting IoT data will continue to rise. For instance, in a recent survey, IoT data collection by organizations was set to grow by 200% in the next few years, from 25-30% of respondents collecting IoT data today to over 60% in the next few years.
This TDWI Pulse Report discusses some best practices for developing an IoT data strategy. It examines the organizational as well as the data and analytics aspects of such a strategy. This includes organizational alignment, understanding the unique nature of IoT, and other issues at play when managing and analyzing this “new” kind of data.
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