18 Nov 6 Ways Analytics And The Internet Of Things Will Transform Business
The tech industry is no stranger to change, but the data derived from the IoT is taking disruption to a new level—sforzando.
At IBM’s Insight conference last month, Bob Picciano, senior vice president of IBM Analytics, talked about the rise of the “cognitive business”, or an enterprise that engages with analytics to improve its customer relations, business processes, and decision-making capabilities.
There are dueling predictions over how ubiquitous the Internet of Things will be, but most indicate that the marketplace will host between 50 and 75 billion connected objects by 2020, signaling novel challenges for hardware manufacturing and development. Software engineers, likewise, may need to completely revamp programs to better exploit the influx of data, while innovators need to wrestle with the changes wrought by analytics.
IBM’s Insight event unfolded in light of this wave of disruption. The lineup of corporate presenters converged on the same message: Analytics is for everyone, and your viability in the marketplace depends on it.
Six takeaways from this year’s conference include:
Design Will Never Be The Same
Iterate, test, repeat: That’s the old way of problem-solving. It will continue, but it will now be supported by massive quantities of data. Data aggregation from diverse sources will form the foundation of everything, from prototyping and manufacturing devices to the way IT departments react to security breaches.