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Capitalizing on IoT Data: The Golden Rule for Data Success

  • Capitalizing on IoT Data: The Golden Rule for Data Success-

    20/20 Vision

    A pretty picture is great but if it doesn't present information that is useful and easy for the end user to digest then it's unlikely to be adopted. When designing visualizations consider these context questions first:

    • Who cares about this data?
    • How will they use this data?
    • Do these stakeholders all use the same language when talking about this information?

    Context is key. The visualizations built for the C-Suite will likely differ from a shipping specialist as it should showcase the information that impacts their jobs.

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Capitalizing on IoT Data: The Golden Rule for Data Success

  • 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9
  • Capitalizing on IoT Data: The Golden Rule for Data Success-5

    20/20 Vision

    A pretty picture is great but if it doesn't present information that is useful and easy for the end user to digest then it's unlikely to be adopted. When designing visualizations consider these context questions first:

    • Who cares about this data?
    • How will they use this data?
    • Do these stakeholders all use the same language when talking about this information?

    Context is key. The visualizations built for the C-Suite will likely differ from a shipping specialist as it should showcase the information that impacts their jobs.

Gartner estimates that by 2020 more than 50 percent of major new business processes and systems will incorporate the IoT and that there will be more than 35 billion things connected to the internet. The connected enterprise has tremendous business potential; by mining IoT data, organizations can identify new ways to drive operational efficiencies, capture new revenue opportunities and improve the customer experience. However, companies must ensure that their information management strategy can support the data deluge fueled in part by the IoT and other emerging innovations.

The ramifications of an incomplete or poorly executed business intelligence program can cripple even the most successful of organizations – running the gamut from inadequate customer care and inaccurate operational insights, to business-critical errors impacting the C-suite.

The key to truly capitalizing on IoT data is a well-established, integrated information management strategy. In this slideshow, Information Builders shares four considerations underpinning the "golden rule" for data analytics success – harmonize, visualize, operationalize and monetize – as well as tips for avoiding common missteps.