How IoT and Big Data are related?
Before Forsk shares its views on IoT and big data, please read below statements and determine if it’s referring to IoT or big data.
Every minute, we send 204 million emails, generate 1.8 million Facebook likes, send 278 thousand tweets, and upload 200 thousand photos to Facebook. Is this statement about big data or the Internet of Things?
12 million RFID tags (used to capture data and track movement of objects in the physical world) were sold in 2011. By 2021, it’s estimated this number will increase to 209 billion as [big data or the Internet of Things?] takes off.
The boom of [big data or the Internet of Things?] will mean that the amount of devices that connect to the Internet will rise from about 13 billion today to 50 billion by 2020.
The [big data or the Internet of Things?] industry is expected to grow from US$10.2 billion in 2013 to about US$54.3 billion by 2017.
The IoT will massively increase the amount of data available for analysis by all manner of organizations.
If you have digested them, there is clearly a relationship between big data and IoT. In fact, big data is a subset of the IoT discussion.
Big data is about data, plain and simple. Yes, you can add all sorts of adjectives when talking about “big” data, but at the end of the day, it’s all data.
IoT is about data, devices, and connectivity. Data – big and small – is front and center in the IoT world of connected devices.
In IoT solution development, the first phase is about collecting data through various means (sensors etc.). The second phase is about analyzing that data over cloud so that it can improve the ROI.
In summary, The IoT and big data are clearly growing, and are set to transform many areas of business and everyday life. But which particular sectors are likely to feel the IoT/big data disruption first? In its 2015 Internet of Things predictions, IDC notes that: “Today, over 50% of IoT activity is centered in manufacturing, transportation, smart city, and consumer applications, but within five years all industries will have rolled out IoT initiatives”.
The Forsk Team