Some have described data as the “new oil,” but IoT transforms data into an even bigger opportunity. Unlike oil, data is not a finite resource, and IoT technology opens up infinite possibilities with what businesses can do with never-ending amounts of structured and unstructured data.
However, there are common challenges companies must overcome to realize the value of all of this data. A recent article from IoT News does a great job of discussing some of these issues. Organizations often don’t really know what they want to do with the massive amount of data they have. And they aren’t always aware of the potential implications of the time required for data processing.
The article goes on to provide tips to overcome these challenges, so you can reap the exponential value that IoT brings to the vast amount of data your business gathers. Be sure to read the full post to maximize your return on the powerful combination of data and IoT.