How analytics can help you to monetise your IoT data
With the increase in the number of interconnected devices, the amount of data being captured is also increasing exponentially. Data is considered as the world’s new natural resource. Just like all other natural resources, data too must be refined in order to increase its value. Gathering mounds of sensor data is really good, but as we say, big data without analytics is just a bunch of raw data. A lot of big companies are monetising the treasure trove of data through analytics offered by leading IoT solution providers.
The most commonly seen uses of analytics on IoT data are descriptive analytics through dashboards and data exploration. Apart from that, predictive analytics and machine learning deliver more proactive alerts before problems arise and prescriptive analytics helps to optimize the utilization of assets monitored by the IoT. Many leading business forerunners have started using more advanced analytics to increase the value of their IoT solutions.
In this event, you will learn how IBM Watson IoT and Analytics Platform together can provide the capabilities necessary to monetize your IoT solutions.
Overview of the IBM Analytics Platform
Examples of IBM partners using IoT Analytics