How the Internet of Things Is Leading Us Towards a Data-Driven Future

According to a report, the world will have more than 200 billion Internet of Things (IoT) devices by 2020, that means for every person, there will be 26 smart devices. As a result, the adoption rate of the IoT devices in the coming years will be one of the biggest drivers of data accumulation.

In fact, the availability of new and integrated sensory data combined with advancements in analytics, security, and interoperability will end up creating immense potential for companies around the world.

In this article, we will be discussing how IoT is leading us towards a data-driven future:

 

Connecting the world – One device at a time

Internet of Things or IoT can connect devices like computers, phones, and tablets with people, places, and other things in the physical world. Everything from vacuum cleaners to watches, clothes, shoes, and even lights in your house can be connected to online devices. IoT gives you the power to streamline processes, gain insights, and discover new possibilities.

While there can be several variations when it comes to implementing IoT, the way it works is the same for almost all of them. There is a collection of sensors which are connected to accumulate data, analyse it, and then provide insights.

The insights obtained can give companies accurate information about their customers and products as well. By connecting things that weren’t connected in the past, companies are able to improve their existing process and also find new business models.

Data aggregation for IoT

Moving towards a future where the world will have hundreds of billions of IoT devices also means that these devices will constantly be collecting, aggregating, and sharing a large volume of data.

For organizations, this means that they have to look beyond their present requirements and see how they can support their IoT devices in the future. After all, you wouldn’t want your investments to go down the drain just because the data collected from IoT devices starts exceeding the storage available.

While it is almost impossible to predict your company’s exact future storage needs, considering the limitless possibilities that IoT presents, you can choose to work with flexible and scalable solutions that can grow with your IoT deployments.

That is why cloud-based storage makes more sense for IoT applications. Instead of setting up an on-premises data centre that isn’t as flexible and has high setup and expansion costs, cloud-based providers offer scalable plans. For instance, V2Solutions offers scalable and flexible solutions through its Cloud Enablement services. This Infrastructure as a Service model helps organizations cut costs, and it also allows them to scale according to their changing demands.

In conclusion

IoT is definitely leading us towards a data-driven future. Data that is generated, collected, and analysed by IoT has the ability to transform organizations and in turn, help them to make better and faster decisions.

Companies can’t afford to wait when it comes to IoT. If your organization hasn’t yet recognized the potential of IoT, then it’s time that you did.

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