Involvement of Big Data in IOT:
IoT and Big Data have been buzzing the technology world for quite a time now, and these are no longer a “nice to have” technology but a necessity. There is a drive to adopt big data within enterprises which has triggered the use of big data analysis tremendously in the past few years. Hence, organizations are also rapidly catching on to what they require for it. At the same time, the Internet of Things (IoT) has sparked the world by showing what a fully interconnected world can provide us. Though IoT and Big data evolved independently, they have become interrelated over the period.
Furthermore, the relation between big data and IoT has shown a convergence of the two technologies which are aligning the technologies in the best possible way. Hence, if IoT big data combination separately gives plenty of reasons for excitement, then combining the two technologies multiplies the anticipation.
What is IOT?
The Internet of Things (IoT) refers to a system of connected physical objects via the internet. The ‘thing’ in IoT can refer to a person or any device which is assigned through an IP address. A ‘thing’ collects and transfers data over the internet without any manual intervention with the assistance of embedded technology. It assists them to interact with the external environment or internal states to make the decisions.
What is Big Data?
Big data means a huge set (petabytes or gigabytes) of structured, unstructured or semi-structured data and analyzing that information to get the insights of the enterprises trend.
Key role of Big Data in IOT: When enterprises are grabbing hold of the information for analysis purposes, IoT is acting as a major source for that data, and this is the point where the role of big data in IoT comes into the image. Big data analytics is emerging as a key to analyzing the Internet of Things generated data from “connected devices” which assists to take the initiative to enhance decision making. The main role of big data in IoT is to process a huge amount of data on a real-time basis and store them using various storage technologies.
How do IOT and Big Data Impact each other?
It’s not just that there is the only interdependent relation between big data and IoT. As they assist each other, in addition to that they largely impact each other. Fact is the more the IoT grows it will place more demand on enterprises regarding big data capabilities. For instance, as the IoT generated data is increasing at a large rate, conventional data storage technology is already being pushed to its limits. As a result, it demands more advanced and innovative storage solutions to handle these growing workloads resulting in updating the infrastructure of an enterprise’s big data storage.
Similarly, the IoT big data combined apps accelerate the scope of research in both the fields. So, IoT and big data both the technologies carry inter-dependency and require further enhancement.
Key Benefits of IOT and Big Data for Organizations in various sectors:
•Helps to increase the ROI for the Businesses: IoT and big data analytics are transforming how businesses are adding value by extracting maximum information from data to get better enterprise insights. With the increased demand for data storage organizations prefer big data cloud storage which ultimately lowers the implementation price for them.
•It will reshape the future e-health system: The combined features of the IoT and big data can reshape the next generation of e-health care systems. Big data will lead to hypothesis-driven research to data-driven research transformation. On the other hand, IoT will assist to control and analyze the various levels of connections between different sensor signals and existing big data. This will allow new ways of remote diagnosis with a better understanding of the disease which will lead to the improvement of innovative solutions in the healthcare field.
•Advantages in manufacturing companies: If manufacturing companies install IoT sensors within its equipment, they can collect significant operational data on the machines. This assists them to have an in-depth look at how the enterprises are performing and allow them to find out which equipment required repairing before many problems arise. This prevents them from more significant expenses by skipping the downtime or replacement of the equipment. Hence, investment in IoT and big data causes saving enterprises money.
•Internet of things and big data will raise self-service analytics: With more inventions in the IoT field, most of the IT functions can be handled with data automation and integration. As well as, big data tools will increasingly become self-sufficient and straightforward to perform basic functions. Hence, analytics as a service will become more of a self-service type.
•Benefits in the transportation industry: In the transportation sector, IoT sensors have been installed in the vehicles as a way to track them the go and around the world. This doesn’t only assist organizations to keep a closer eye on the vehicles, but it also offers the data regarding fuel efficiency, how drivers utilize their time and delivery routes. This data can be indispensable for optimizing fleets and for the development of organizational productivity.
Latest changes and Opportunities: The convergence of IoT and big data can provide new opportunities and applications in all the sectors. Along with that, it has the potential to revolutionize many aspects of our society.
Market Share:
It has an enormous market and there are so many employment opportunities in this field. It has a market share of 24.9 percent. The average salary of an Internet of Things is ranging from $99.8K to $ 294K.
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