A group of industry experts assembled at LiveWorx last week to discuss big data’s relationship to the Internet of Things.
How organizations are monetizing IoT’s big data
The IoT is defined by massive networks of connected products, all creating and sharing information with each other. In one sense, data can be viewed as the byproduct of IoT activity, but that sells short the value of big data.
IoT data represents a whole new class of information: quantifiable intelligence about the operation and performance of products after they’ve left the factory and gone into use.
This data can be used to better service existing models, improve how new models are built, improve customer relationships, optimize billing, accelerate engineering, and even reassess the entire design…
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