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How IoT Data Analytics Will Give Businesses a Competitive Edge

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According to McKinsey & Company, the potential economic impact of the IoT could reach $11 trillion per year in 2025, which is equivalent to around 11 percent of the world economy. Making that a reality will depend on the widespread use of Internet of Things (IoT) data analytics.

Security analysts must ensure that devices are not just managed and monitored, but that the data that they produce is effectively collected, managed and stored so that it might produce insights to fuel better decision-making. Gartner ranked IoT data analytics as one of the main IoT-related technologies for organizations to invest in during 2017 and 2018, second only to security.

Widespread Benefits of IoT Data

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