Internet of Things Expo and Conference 2014 – Day 2
#2 Session – John Slitz from Space Curve
*Industrial internet is machine – to machine connectivity for production, factories, etc.
* Some data doesn’t need to be actually stored, or in short term, SO Much data is generated and yet unless it can be used in real time, who needs to store it. It could be used, the most important saved, the rest chucked – deleted.
*the flow of data is only going to get bigger and more and faster, all at a higher volume.
*IoT is going to increase that, hopefully more efficiently in terms of how the data can help us analyze it and USE it on the way to store it.
* The data is all about context. Analysis has to be done in real time, on the fly.
* Predictions? Not averages, but thinking forward. Predictive analytics
* The VALUE of IoT is the real time capabilities and what it means for predictive analytics
* The adapting and adoption for IoT is going to yield huge rewards to companies who are willing to invest in it and change.
*Remember the “story” about how UPS tried a new “turn right” policy and they saved whatever millions in gas every year? But what if it was real time data on the vans and they knew to advise a left turn every once in a while when the data is all analyzed in real time to know the traffic patterns ahead to the next delivery…… that’s the story John Slitz wants to see.
*“Actionable Intelligence” is the entire game
* When we can decide what part of data we can keep, and what data can just exist in the moment and then be deleted…then we’ll be able to lighten the load in data storage (just to make room for the overall increase in data anyway!)
*Machine to machine data is the immense problem.
*Human generated data won’t be able to compete, but is important and visible in a different way. Used in the IoT respect differently because we want to see it.
This is like with the progression of cameras! You used to be able to take pictures on film, take the “data” to a store, then you had to wait for processing and printing. Now digital cameras, you can review the data right away and keep taking pictures over and over. Then you can pause taking photos to go through the photos, OR you can put the SD card on your computer.
Then smartphones made it so the photos can be instantly shared from the “photo taking device” itself!
It keeps getting more instant and more real time with the introduction of Snapchat.