Maximize IoT Value with Advanced Analytics and Increased Visibility
The Internet of Things currently comprises approximately 20 billion connected devices that generate an astounding 80 zettabytes — that’s 80 billion gigabytes — of data every year. Most of that data gets fed back to corporate servers, where it can be analyzed for insights into market conditions, current operations, customer behaviors and more.
Surprisingly, most of that data is never used.
According to research from Forrester Consulting, only 1 percent of IoT data collected is ever used. Meanwhile, 86 percent of companies surveyed by Inmarsat admitted that they aren’t using IoT data as effectively as possible. The lack of a clear IoT data strategy, poor insight into IoT devices and limited analytics capabilities are among the reasons companies aren’t realizing the maximum value of their data.
Most organizations have embraced the concept of IoT, if not the mechanics. By some accounts, the average business has deployed thousands of IoT devices that are actively collecting machine-generated data. However, many of these companies say they lack the ability to organize, correlate and analyze that data effectively. According to Forrester, 82 percent of organizations struggle just to identify all the network-connected IoT devices they’ve deployed.
Data integration creates another obstacle for most organizations. A typical IoT environment might feature thousands of sensors, actuators, gateways and devices running software written in multiple languages and running on various operating systems and processors. These applications generate a mind-boggling amount of information, including machine data, transactional histories and more. Much of it is in the form of unstructured data that can’t be searched and analyzed with traditional algorithms and business intelligence designed to process structured data.
Few IT departments have the tools they need to effectively monitor all aspects of the IoT infrastructure, or the analytics tools needed to glean insight from IoT data. These challenges have led more organizations to work with managed services providers (MSPs) in an effort to extract more value from their IoT investments. Analysts with ResearchAndMarkets project that IoT-focused managed services will account for up to 71 percent of all enterprise IoT deployments by 2027, creating more than $12 billion in market value.
For example, SageNet’s IoT Visibility platform makes it easy for customers to track individual IoT assets to gain insights about peak utilization rates, historical use by individuals and even battery-life performance. In addition to monitoring the health of devices themselves, our platform can show you how much bandwidth is being consumed, identify congested Wi-Fi access points and pinpoint any network bottlenecks or faults. That allows administrators to quickly identify, isolate and remediate any problems.
The solution, which is offered as part of our SageIoT managed service, also applies powerful, cloud-based predictive analytics to historical and real-time data in order to help customers better understand their current operations, make better decisions about future plans, optimize supply chains, make hiring decisions, develop marketing plans and more.
SageIoT also helps ensure reliable IoT connectivity with Wi-Fi performance management. Wi-Fi is the most popular form of IoT connectivity, offering the throughput, range and efficiency to move data from collection points to cloud analytics engines. Our solution gathers intelligence about edge routers, access points, congestion, available connections, disconnects, retries, fragmentation, latency and more.
Through the interconnectivity of machines, sensors, systems and networks, IoT creates the potential for process improvements and operational efficiencies that drive growth and profitability. However, many companies have struggled to maximize the value of their IoT investments. Contact us to learn how the SageIoT Visibility Platform can provide insight into your IoT environment and deliver rapid business benefits.
Jason SchwakopfSenior Sales Engineer
Recent events have caused a paradigm shift for many companies, accelerating their desire to better leverage IoT. Supply chain, healthcare, advanced living care, retail and other service industries are going to be looking at ways to be “touchless” as much as possible. Enterprise systems will need a new level of flexibility, accessibility and above all, security.Get to know Jason
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