What is the role of data analytics in IoT?
Data analytics in IoT allows businesses to gain valuable insights into system data to inform crucial decision making. Patterns and trends can be identified and accounted for, optimizing not just operations but maximising profits.
Without data analytics, IoT simply isn’t realising its full potential. Using data analytics, businesses can make decisions with confidence by implementing data-driven decision making.
How do you analyze IoT data?
Gathering potential data to analyze is easy, but the analysis itself can prove harder. IoT data in particular is highly unstructured, making it tough to process.
There is also huge amounts of data, meaning that automation is necessary if we want to analyze all the data we collect every day. This is done by software that can collect incoming data streams for further analysis of trends and problems that may be arising.
How many types of analytics are needed for IoT?
There are 3 main types of IoT platform analytics. These include descriptive analytics, predictive analytics and prescriptive analytics, with each one carrying out its own unique function.
Descriptive analytics is the most basic form of analysis, allowing users to describe incoming IoT data for quick measurements.
Predictive analytics attempts to model future trends by analyzing historical data and prescriptive analytics helps businesses decide the future direction to take the company based on a question.
What are the most important aspects when planning an IoT analytics project?
When first considering the implementation of Iot analytics solutions, there are some important aspects to consider.
These include factors such as potential cost-benefit scenarios, asking yourself whether the benefits the technology would bring to certain aspects of the company will outweigh the costs of implementation.
Another important one is the decision what kind of data you want to be analyzed and visualised, as well as the end user experience.
Do I need clean data from the start?
No, you won’t need to clean your data from the start. Part of the implementation process of IoT solutions involves cleaning data.
IoT analytics companies such as Netguru support you in the extraction, processing, storing and analyzing of your data, meaning that you don’t have to worry about cleaning your data from scratch.