Ninety percent of all data in the world today has been created in the last two years alone. Everything we do online - from Google searches to Facebook posts to online purchases - produces data. But what’s really driving the data explosion is IoT – and it’s on course to grow exponentially in the next four years. In fact, the total volume of IoT-generated data will reach 600 ZB per year by 2020.
That’s not just big data, that’s HUGE data.
How companies access and apply this data to their processes and operations is quickly becoming a defining factor in marketplace competitiveness. To support this demand, some developers on the edge of technology are circumventing the traditional IoT stack (see image below) and creating predictive IoT analytics dashboards that deliver customized, centralized data in real time. These IoT dashboards help companies automate processes, forecast outcomes, and make smarter decisions.
Having trouble imagining this at work? Here are just three examples of how different industries and organizations are leveraging IoT analytics dashboards:
City Lighting – An industrial lighting company that uses IoT sensors within its street lamps can leverage these dashboards to predict when bulbs need to be replaced and schedule replacements before bulbs go out. This capability allows the lighting company to deliver greater continuity of service and safer conditions.
Product Engineering – An engineering firm that incorporates IoT sensors into its products can leverage these dashboards to monitor serviceable components and send replacement parts automatically. This allows them to efficiently up-sell their customers and deliver exceptional user experiences.
Warehousing – A temperature-controlled warehousing provider, with IoT sensors incorporated into its cooling mechanisms, can leverage these dashboards to evaluate device conditions and predict device failure. By preempting breakdowns before they occur, this warehouse not only delivers reliable storage to its customers, but it also avoids instances of liability wherein it would be responsible for reimbursement.
If you’re considering developing an IoT solution or you’ve already invested in IoT/IIoT infrastructure, and you’d like more control over and access to your data, let’s connect. We’d love to demonstrate our experience developing custom IoT solutions complete with predictive dashboards for our customers, and see how we can help your organization prepare for the deluge of IoT data.
UI/UX Designer at DVmobile, Men-at-Work fan, and 3D printing guru.