Market Research Report
Big Data in Internet of Things: IoT Data Management, Analytics, and Decision Making 2019 - 2024
|Published by||Mind Commerce||Product code||328425|
|Published||Content info||234 Pages
Delivery time: 1-2 business days
|Big Data in Internet of Things: IoT Data Management, Analytics, and Decision Making 2019 - 2024|
|Published: September 9, 2019||Content info: 234 Pages||
Data that is uncorrelated and does not have a pre-defined data model and is not organized in a pre-defined manner requires special handling and analytics techniques. The common industry term, big data, represents unstructured data sets that are large, complex, and prohibitively difficult to process using traditional management tools. As the Internet of Things (IoT) progresses, there will an increasingly large amount of unstructured machine data. The growing amount of human-oriented and machine generated data will drive substantial opportunities for AI support of unstructured data analytics solutions.
Big data in IoT is different than conventional IoT and thus will requires more robust, agile and scalable platforms, analytical tools and data storage systems than conventional big data infrastructure. Looking beyond data management processes, IoT data itself will become extremely valuable as an agent of change for product development as well as identification of supply gaps and realization of unmet demands. Big data and analytics will increase in importance as IoT evolves to become more commonplace. Data generated through sensors embedded in various things/objects will generate massive amounts of unstructured (big) data on real-time basis that holds the promise for intelligence and insights for dramatically improved decision processes.
Big data in IoT is also dissimilar than non-machine related analytics and thus will require more robust, agile and scalable platforms, analytics tools, and data storage systems than conventional infrastructure. Due to this new architecture approach, the need to handle data differently, and the sheer volume of unstructured data, there will be great opportunities for big Data in IoT. Analytics used in IoT will become an enabler for the entire IoT ecosystem as enterprise begins to take advantage of new business opportunities such as syndicating their own data.
This report evaluates the technologies, companies, and solutions for leveraging Big Data tools and advanced analytics for IoT data processing. Emphasis is placed on leveraging IoT data for process improvement, new and improved products, and ultimately enterprise IoT data syndication. The report includes detailed forecasts for 2019 through 2024.