True to its namesake, big data analytics has been evaluated inside and out, up and down. In fact, as time has passed, analytics has become the salt and pepper of business—it’s essential for every strategic business recipe, but we don’t talk about the ingredient independently. The role salt and pepper plays in industrial recipes, however, is worthy of more conversation. With the entrance of the Internet of Things (IoT) over a decade ago, industry has been working diligently to build platforms to better manage data from wearables, connected cars, and “smart” homes.
Industrial use cases bring a massive volume and variety of data that increasingly requires timely and complex analyses. Beyond volume and near real-time analysis, there is the challenge of protecting the data throughout its journey from collection, aggregation, modeling, and onwards thru its transformation into valuable insights. Finally, once it’s securely analyzed and contextualized, how can you action decisions that could lead to billion dollar outcomes?