What Is the Full Potential of Big Data Analytics and IoT
Hi! My name is Chace.
As an IT professional I’ve noticed that more and more enterprises are recognizing digital transformation as a major business priority when it comes to improving business operations, lowering costs, and driving customer engagement. How, though, can these organizations make the most of their digital transformation efforts?
By leveraging the power of big data, analytics, and IoT, organizations will be able to turn streams of information created by IoT into valuable and actionable insights. If you’re looking to embark on an IoT initiative or augment existing capabilities, keep these suggestions in mind:
Treat Data as an Asset
Since information is at the core of any digital transformation and IoT effort, it’s essential that your organization begin to treat data the way they would treat any other business critical asset. This means that your organization will need to understand the importance of data, what data is available and how it can be put to better use, as well as a deeper understanding of the risk, compliance, and security implications of its use.
Recognize that Advanced Analytics and AI are Critical
Exponential data growth will also place additional analytical demands on your IoT systems. This means your organization will have to adopt more advanced forms of analytics to help find the signal in the IoT noise and to help drive deeper insights from data to provide forward-looking and prescriptive actions.
The architect for Scale and Performance
For your organization to recognize the full potential of big data, analytics, and IoT, business and technology leaders need to understand that the data and analytics architecture they define and use to build their IoT systems will be a key enabler for longer-term success. Only when leaders in your organization focus on the scale and performance of the IoT system will you be able to accomplish real-time data ingestion and processing, open standards, AI, machine and deep learning, parallel processing, data access, governance, and integration.
Address the Skills Gap
Part of a successful approach to harnessing the power of IoT, big data, and analytics is about addressing and investing in the right skills. This means that your organization needs to work harder to plug skills gaps, particularly in the area of digital skills, and equally anticipate where new gaps may emerge.
Following these suggestions will not only put your organization on the right path for digital transformation success but also allow you to reach the full potential of big data, analytics, and IoT.
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