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Capitalizing on IoT Data: The Golden Rule for Data Success

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

    Closing

    The onslaught of data isn't going to slowdown. As sensors, automation, RFID, and other digital technologies are increasingly embedded in processes, it will become even more crucial that organizations not only capture, but also understand their data and its underlying trends. Those that can master data's "golden rule" will be prepared to harness the data explosion to become more competitive and profitable.

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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-8

    Closing

    The onslaught of data isn't going to slowdown. As sensors, automation, RFID, and other digital technologies are increasingly embedded in processes, it will become even more crucial that organizations not only capture, but also understand their data and its underlying trends. Those that can master data's "golden rule" will be prepared to harness the data explosion to become more competitive and profitable.

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.