Let us be smarter with the Internet of Things


Considering how to be smarter with the Internet of ThingsAs we enter the era of “everything connected,” we cannot forget that gathering data is not enough. We need to process that data to gain new knowledge and build our competitive advantage. The Internet of Things is not just a consumer thing – it also makes our businesses more intelligent.

Whenever we approach the idea of competing on analytics and building unconventional business strategies, we come up with one simple outcome – we need to be smarter in whatever we do. Looking at business models over time, they all get more complicated, more fuzzy. But what is constant is that every decision is based on past experiences and is driven by data and analytics.

Being smarter can have many faces. Let’s take a look at just three of them.

Smarter operations

Improving business position through optimized, tailored business processes is a perfect strategy for competing in an increasingly commoditized market. Of course, you should not limit yourself to just that activity – but excelling at this can gain you some time before the next market change.

Oil and gas companies see that opportunity. By reducing downtimes, they improve revenue streams, optimize production costs and work smart – all because analytics keeps watch over their equipment.

Smarter services and products

The Internet of Things also gives us opportunity to deliver unique products and services. Octo Telematics delivers usage-based insurance products connecting customers' cars to an analytics infrastructure. The insurance product is then calculated based on driving style. Without analytics and the ability to gather drive-time data, this would not be possible. This new product is a game changer for the insurance industry - quite an innovative way to escape the price competition.

Smarter life

Photo of the sensing city

Connected analytics is not always connected with maximizing profit. In Christchurch, New Zealand, there is a Sensing City that is constantly monitored for noise, air pollution, water use, traffic conditions and other quality-of-life aspects. That data is made public and open, so anyone can look into the city’s pulse, or use the information to build and deliver new services and applications. Clearly, the Internet of Things can become the Internet of Life for any of us. Wouldn’t you be willing to live in a city like this?

The technology behind it

All that smartness mentioned above is already available in current technologies. Data streams generated from the connected world can be stored within big data platforms. It can be processed with high-performance analytical tools, and technologies like event-stream processing to provide real-time actions and alerts. Then, data visualization and in-memory analytics can deliver easy-to-interpret results that everyone can understand.

Read an article – The future of IoT: On the edge

About Author

Patryk Choroś

Principal Business Solutions Manager, SAS Institute Poland

Strong believer, that every decision can be made better when based on data and analytics. Data governance and management expert. Business Intelligence specialist and experienced manager for teams and projects. Strong background in providing enterprise consultancy services from business value development throughout architecture design and solution implementation. At SAS working hard to translate new technology opportunities like Big Data, Data Monetization and Data Science into real business value aligned with corporate strategy. Certified Business Intelligence Professional, Certified Data Management Professional by TDWI. Join me on Twitter @Patryk_Choros or LinkedIn.

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