Inside Story – IoT: The next gen
While techies debate the state of the Internet of Things and its potential to transform the way we interact with almost everything, there’s little doubt that the IoT will continue to be a topic of great interest throughout the worldwide analytics community and beyond for many years to come.
For the record, and according to Wikipedia, IoT is defined as the “internetworking of physical devices, vehicles (connected devices and smart devices), buildings and other items embedded with electronics, software sensors, actuators and network connectivity that enable these objects to collect and exchange data.” The Global Standards Initiative cut to the chase and defined the IoT as “the infrastructure of the information society.”
Not to be outdone, the Analytics of Things (AoT) is the layer on top of the IoT that helps turn all the data that the IoT collects into useful information.
We’ve covered the development of IoT and AoT extensively in Analytics magazine for many years, and this issue will add to that legacy, starting with “Industrie 4.0: Analytics everywhere” by Arnab Chakraborty and Thomas D. Meyer of Accenture. A German initiative, Industrie 4.0 is related to the Industrial Internet of Things (IIoT), also known as Industry 4.0 since it’s considered the fourth industrial revolution. Confused? Read the article and “things” will become clearer.
Next, Neeraj Chadha of Cisco explains how “IoT unleashes endless business opportunities” in the era of big data, while Gal Horvitz, CEO of global software company PNMsoft, gives several examples of supercharging the IoT by combining it with business process management in his article, “BPM empowering IoT business users.”
While the world as we know it may soon revolve around the IoT, back here on Earth even more pressing issues persist, such as hacking, information warfare and how best to address them. The CIA, famed for its secrecy in combating such threats, has adopted an open access policy that could be even more effective in winning the information wars as longtime INFORMS member Doug Samuelson reports in “The CIA’s new transparency.”
This issue includes many other articles of interest such as “Driving smarter decisions on pricing and promotion” and “Analytics @ Google,” along with the remarkable story of the first female computer scientist in “Ada Lovelace: poetical scientist.”
Enjoy the journey.
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