Home TECHNOLOGY Thus IoT And Data Analytics Have Shifted The Time Axis Of Data

Thus IoT And Data Analytics Have Shifted The Time Axis Of Data

The growing importance of data in managing complex and short-time processes has moved analytics tools to the heart of IT infrastructures. The passage of the final analysis to the predictive ones also increases the need to rely on large quantities of data and their quality—a condition to which IoT offers a perfect answer. Sometimes, even too much. The enormous amount of information on the Internet of Things produces risks of being dispersed without adequate tools for collection and selection before using them. The opportunities are as many as the difficulties of grasping them.

Therefore, it is helpful to hear directly from the sector’s protagonists what the state of the art of data analytics is, what the contribution of IoT is and above all, how to exploit this opportunity. Much of the benefits attributable to applying data analytics principles to the IoT result from the ability to close the gap between data availability and the ability to act. Lanfranco Brasca, Oracle’s technology director of cloud engineering, also helps to understand how this result was achieved and the implications.

What Innovations Can IoT Bring To Data Analytics?

Analytics allow you to look beyond the data to begin understanding, by correlating variables, why unwanted events occur—a customer who abandons a mobile phone service, production machinery in a plant that breaks down. The real breakthrough has been made by applying machine learning models, which can correlate hundreds of variables in billions of different scenarios.

Here the companies have gained the awareness that – starting from the occurrence of certain conditions – it was possible to arrive at prescriptive actions capable of preventing unwanted events. For example, a retention action on the customer before he changes manager or planning a preventive maintenance intervention. IoT integrated with data analytics allows this type of analysis to be carried out continuously.

In contrast, in the past, the data could be analyzed asynchronously, setting up massive databases after a filtering action (which today we would call Data Lake House) on which develop and train machine learning algorithms to be used to extract business insights. Simplifying, the IoT closes this time gap between when an event occurs and when the systems can give indications to the business and allows the application of highly evolved strategies on a dynamic database – the so-called “data in motion” movement and processed in near-real-time.

Do Companies Have The Correct Perception?

Despite the specifics linked to the alien presence of more or less large companies. A boost was given by the industry 4.0 programs, but the perception is that we are still at the beginning of a long journey. The real challenge in the coming years will be to bring on board all the Italian companies that can benefit from it, to fill the technological gap that today allows them to work on still and historicized data over time, enabling them to use data in motion.

Could You Indicate Some Examples Of How IoT Potentials Can Be Exploited In Data Analytics?

A typical example concerns the application in Industry 4.0 projects in manufacturing. Still, there are also use cases in the banking sector, which uses these capabilities to improve fraud prevention, and in the insurance sector that can now propose, for example, car insurance plans tailored to the more or less safe driving style of people.

A fascinating sector exploiting these potentialities with enormous advantage is the sports one, mainly where high speed counts. We have direct experience in Formula 1, with the Oracle Red Bull Racing team’s technological partnership in the sailing world with Sail GP competitions. In these sectors, in addition to mechanical characteristics and design, the real-time technology processes billions of data and makes the difference in race strategies before and during the race.

For example, Oracle Red Bull Racing increases the number of simulations it can run before and during each race by 25%, at ten times faster computing speed than previously. He then applies AI and machine learning to this data and gets key insights for engineers and pilots. The simulation capacity is very relevant in the new Formula 1, which has imposed a cap on the costs of the teams and, therefore, a series of limitations on actual tests.

Also Read: Why Blockchain And IoT Belong Together

Tech Buzz Reviews
Techbuzzreviews are a team full of web designers, freelancers, marketing experts, bloggers. We are on a mission to provide the best technology-related news with passion and tenacity. We mainly focus on the areas like the latest technology news, upcoming gadgets, business strategies and many more upcoming trends which are trending all over the world.

Most Popular

Successful Transformation: The (necessary) Change In Business Beyond Digital Transformation

Thinking in terms of total transformation questioning business assumptions in search of value is the new normal. The strategy today coincides with innovation, which...

Promoting A Start-Up As Part Of Fundraising

When the partners of a start-up decide to raise funds, they will then have to determine the needs to be financed. These elements are...

Clone Hard Drive To SSD: How Do You Do It?

Could it be said that you are considering supplanting your PC's hard drive with an SSD and searching for the best strategy to move...

Innovative Training: Different Types Of It

Innovative training. Two words that, when combined, evoke a modern view of learning. In an ever-changing world where technology and digitalization shape every aspect...

Playfh.Com Login: Complete Guide In 2024

About Playfh.Com Playfh.Com Login is a unique gaming platform interpreting the name "Play From Home." This gaming experience with unique features enables you to purchase...

10.0.0.1 Piso Wifi Portal User Guide

10.0.0.1 Piso Wifi is one of the Philippines' most famous Wi-Fi service providers. It was developed in 2017. The Piso Wifi was built on...

The Risk Of Using External Devices

The more significant part of us own and involve outer gadgets for information move. Be it USB streak drives, external drives, cameras, or cells,...