18 March, 2016
IoT Basics: Defining “Analytics Of Things”
As someone who is in the business of consulting manufacturing companies, over the past 10 years I’ve noticed an increasing number of clients who are placing a greater reliance on operations data to drive their business on analytics. While their primary business is making products—which are becoming increasingly complex—they are becoming skilled in the use of analytics to improve their products’ safety and reliability, cost-effectiveness, performance, and end customer experience. They are striving to become analytics-based competitors.
Along comes the Internet of Things (IoT). As products become increasingly sophisticated as computing devices in their own right, so does the data they produce—the connected car, the connected wind turbine, the connected train, the connected oil rig—each producing accelerating amounts of data.