Nancy Gohring of Computerworld recently wrote, "The market for connected devices like fitness wearables, smart watches and smart glasses, not to mention remote sensing devices that track the health of equipment, is expected to soar in the coming years. By 2020, Gartner expects, 26 billion units will make up the Internet of Things, and that excludes PCs, tablets and smartphones. With so many sensors collecting data about equipment status, environmental conditions and human activities, companies are growing rich with information. The question becomes: What to do with it all? How to process it most effectively and use it in the smartest way possible?"
Gohring continues, "Businesses are learning that it's not enough to gather mounds of data. The data on its own is only marginally interesting. 'Where we are today is static,' says Vernon Turner, an IDC analyst… It's a similar situation for businesses that are collecting detailed information about products in the field and trying to marry it with data from other sources so that they can make smart business decisions. 'It's increasingly coming down to 'what does the rest of the world look like vis a vis your company?'' says Kurt Cagle, principal evangelist for semantic technology at Avalon Consulting, LLC, a company that helps businesses manage the Internet of Things. 'This is a radical shift in thinking.'"
[Attend Kurt Cagle's session, The Rise of the Virtual Database jointly offered at SemTechBiz and NoSQL Now! this August.]
Gohring adds, "Traditionally, businesses have used tools like business intelligence software to look at data about the company's internal activities, he says. But adding other information including public data about the environment or local events, for instance, as well as data produced by sensors that other companies have in the field, can add much more value, he says."
For more perspective on the Internet of Things, see Irene Polikoff's recent guest post, "RDF is Critical to a Successful Internet of Things."
Image: Courtesy Flickr/ opensourceway