July 2017
Beginner to intermediate
378 pages
10h 26m
English
Content preview from Analytics for the Internet of Things (IoT)
Become an O’Reilly member and get unlimited access to this title plus top books and audiobooks from O’Reilly and nearly 200 top publishers, thousands of courses curated by job role, 150+ live events each month,
Start your free trial
Business value concerns
Many companies are struggling to find value with IoT data. The costs to store, process, and analyze IoT data can grow quickly. With future financial returns uncertain, some companies are questioning if it is worth the investment.
According to McKinsey & Company, a consulting agency, most IoT data is not used. From their research, less than 1% of data generated by an oil platform was used for decision-making purposes.
Finding value with IoT analytics is often like finding a diamond in a mountain of rubble. We can accept that 1% of the data has value, but which 1% is it? This can vary depending on the question. One man's worthless granite is another man's priceless diamond.
The business value challenge is how to keep ...