In the coming years, data generated by sensors and machine-to-machine (M2M) communication, or the Internet of Things, will fill the storage systems of data centers across a wide range of industries. In fact, IDC forecasts that machine-generated data will increase to 42% of all data by 2020, up from 11% in 2005.
For years, people have been talking about the potential impacts of this data deluge from the Internet of Things. Today, the talk is shifting to the opportunity to use sensor data to drive new business models. Data-driven business models are already happening across a wide range of industries—from insurance and banking to manufacturing and medical products. The future will bring much more of this.
Across a wide range of industries, organizations are running analytics on sensor data to enable new value-added products, services, and business processes. All