Internet of things analytics

Internet of things analytics

Internet of things analytics is the collection, analysis, and examination of data. Network end devices, sensors, and other data storage devices facilitate the internet of things data collection. There exist organizations that are involved in data collection to bring out solutions to business and academic problems. The primary interest of this article is to understand how the data collected by these firms help to change lifetime situations.

In 2019, a study was carried out by Telefonica on the Internet of Things. The study was carried out in various institutions and firms using IoT in Spain. It was found that most firms and institutions had the experience of IoT, which had led to the digital transformation of institutional, commercial, and industrial activities. Most of the sectors in the organizations have embraced the Internet of Things in solving various problems. The study revealed that half of the population in Spain understands IoT. The rest of the population showed an increased desire to acquire and apply IoT devices to improve on the services they over. Also, the current study showed that more than 50% of consumers in Spain had connected devices that they applied to obtain better services.

Additionally, the study revealed that most of the Spanish people (an estimate of 85%) of the IoT users are loyal to their connected devices. They are adopting IoT connectivity with passion, and they are not giving up for the benefits. The IoT applications and devices have grown their usage in Spain. It’s connected in smartwatches, household appliances, car devices, smart plugs, car trackers, and applications in homes such as access control and regulation of energy.

Lastly, IoT security and sustainability awareness among the Spanish people have also increased. A change by industries and other users from functional vision to commitment has led to a safe technological ecology. Thus, environmental factors are fully considered. Strategy Analytics has revealed that by 2025, the sales of IoT cellular devices would be approximately 350 million each year. China has been the leading stimulus of IoT devices in the market. Recent research has shown that the sales of IoT by 2028 is expected to generate a revenue of £30 billion.

IoT devices facilitate the examination of big and small data sets. Most of the data from organizations have many properties. Data analytics enhances the analysis and development of meaningful conclusions. The conclusions developed are usually in the form of patterns, trends, and statistics that helps organization and institution management to arrive into effective decisions.

Data analytics enables firms with large volumes of data to analyze them effectively and efficiently. Data analysis in these firms is carried out using data analytics software. Secondly, with the assistance of automated tools and software, data analytics structures an organization’s data into the expected format. Thirdly, the application of data analytics in IoT investment enables firms to have more understanding of the client’s preferences and choices. Thus, the customer’s demands and expectations would be easily met through development services he/she demands. In return, the firm enhances its revenues and profit.

Moreover, the ability of organizations to offer better services to customers through the application of data analytics in IoT investments would lead to being competitive in the market. Finally, the analysis of data using automated tools and software can increase the efficiency of projects because the output of the data analysis is accurate and precise. The application of data analytics in IoT investments is useful to organizations, and that is why Spanish people have adopted it, embraced and applied in many sectors. The benefits of data analytics in solving business and academic problems have led to its fast growth in the application.