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To the Edge of the IoT and Beyond
As organizations overcome challenges involving speed and technology challenges, they stand to reap rich rewards from the Internet of Things.
The Power of Connection
Big data makes it possible to improve the quality of each decision an organization makes. How much value it obtains from the IoT depends on how well it secures, aggregates, automates and draws insights from its data and its big data—and on how quickly it does so. Over time, the results can pay off in a big way. If the rig operator discovers a valve flaw in time to replace it during routine maintenance, this can avert the huge cost of an unexpected shutdown.
Facing the Challenges
Forty percent of companies surveyed in a Cisco study identified big data as the element that most needed improvement within their organization. Almost 40 percent said that within three years, smart devices at the network edge will process most data. They also identified analytics tools for big data as the most important enablers of connected device networking.
They highlighted four areas for improvement that would make effective use of the IoT:
Organizations are just starting to get their arms around the IoT, a sort of undiscovered country that offers glimpses here and there of incredible opportunity. However, there are dragons lurking about as well, in the form of speed and technology challenges. As organizations overcome these challenges, they stand to reap rich rewards.
Neeraj Chadha is the product manager for Learning@Cisco at Cisco Services.
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