25 Apr Connecting The Data Dots
A few years ago terminology like IoT and Artificial Intelligence seemed like futuristic ideas, which couldn’t really be placed into our daily lives. Today these concepts couldn’t be more real and their progression is rapid.
IoT is predicted to connect billions of devices and sensors, changing the way services are offered to consumers and enterprise customers. Many are still discussing how IoT connectivity providers will manage the challenge of improving data security, scaling-up services, managing devices, whilst creating robust networks.
There is no doubt that all of the above are significant challenges, however the market is already working on solutions. 5G networks will provide connectivity to billions of cellular IoT devices, 6LowPAN and Thread offer local area mesh networks to support lower energy devices for consumers and industrial devices, with services such as SigFox bridging the gap between local area and cellular communications.
In my opinion, the biggest challenge for IoT connectivity providers in the next few years will be delivering the sheer volume of data created by IoT devices in a manner that is easy to consume by commercial entities. Over 2.5 Exabyte’s (2.5 billion gigabytes) of data is created every day, a figure only set to rise with the exponential growth of IoT devices (expected to reach 30 billion by 2020).
According to Harvard Business Review, less than 1% of unstructured data is analysed or even used at all by businesses. There remains a significant problem in delivering and processing this data so that it can be consumed by businesses, in essence distilling commercial value from the vast sea of data.
At imio Software Solutions we are supporting our customers to understand more about the data they’re capturing and storing, so that it can become more accessible and help drive valued business decisions. The aim is to enable better operational efficiencies and productivities by addressing the challenges such as; missing revenue streams, cost avoidance and process improvements.’
Interested to hear more about managing data and the impact on your warehouse operations follow our latest vlog miniseries with Professor Phil Greening: