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3-part approach to turning IoT data into business power

21 Feb 2018
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3-part approach to turning IoT data into business power

  1. The Internet of Things: From Information to Insights
  2. The Internet of Things: From Information to Insights 2 Inside the Internet of Things You’ve probably heard about the Internet of Things (IoT). You’ve definitely benefitted from it — even if you may not know that you have. That’s because IoT technology, though still just emerging, already touches so many different parts of our lives. So, what is IoT? IoT is the digital network of objects that collect and exchange information. Smart meters, connected cars, and even your fitness tracker: This is IoT. IoT is clearly not only enhancing our lives, but also helping us to work smarter. Though mostly invisible to the eye, it makes up a complex universe of previously disconnected information: distances traveled, reports updated, statuses checked, temperatures tracked, and so much more. Altogether, IoT generates a truly vast amount of information — and an endless number of opportunities to better your business. IoT is the digital network of objects that collect and exchange information. Smart meters, connected cars, and even your fitness tracker: This is IoT.
  3. The Internet of Things: From Information to Insights 3 The Big Picture of Big Data A lot of things means a lot of data. At the scale of IoT, these immense data sets go by a special name: Big Data. And looking ahead, as IoT grows, the amount of Big Data from IoT will grow too. Exponentially, in fact: By 2020, there will be many more connected devices than people — well over 212 billion.1 According to recent predictions, data from IoT alone will account for an incredible 10% of the digital universe by 2020. Just how much information is that? 44 zettabytes.2 (To put that in perspective, that’s a little more than the cumulative size of 44 trillion feature films.) And with additional estimates projecting an IoT market value of US$11.1 trillion by 2025, Big Data is also clearly big money.3 Why the data deluge? Versatile new technology has allowed IoT to rapidly expand its impact. From cloud computing behind the voice-controlled assistants in our homes, to the LTE networks carrying our business calls, to the industrial sensors that monitor manufacturing operations, IoT is everywhere. IoT plays an important part in many different companies and sectors, and its impact will only continue to grow as additional innovative uses are developed. 1 Jim McKeeth, “The Internet of Things and You” 2 IDC 3 McKinsey Global Institute 212 Billion Connected Devices by 2020 The Internet of Things: From Information to Insights 3
  4. The Internet of Things: From Information to Insights 4 The Advance of Analytics For many, the “Big” in “Big Data” refers less to the sheer size of these troves of information and more to the potential treasures that come from understanding them. That’s where data analytics enters the picture — transforming Big Data into big insights. Over the past few decades, the concept of IoT along with the role of analytics have increased in importance as networks have grown stronger and nimbler. 1. Telematics. First came telematics in the 1990s. In these networks, one-way information flows are used to control distant objects, as in remote satellite navigation. 2. Machine-to-machine (M2M). Then M2M technology was developed, allowing machines to communicate with other machines on their network. Prominent M2M examples include traffic control systems, in which sensors weigh variables such as speed and congestion and then “tell” signs and lights how to act. 3. Internet of Things (IoT). Now, with IoT technology, “things” send information to a centralized cloud, where both operations and analytics take place. Unlike the rigid, cause-and-effect M2M mechanisms, the technology behind IoT is sophisticated, allowing for flexible responses that facilitate the best possible outcome of any scenario. With IoT, the answers are waiting in the data. But how do you find them? The technology behind IoT is sophisticated, allowing for flexible responses that facilitate the best possible outcome of any scenario.
  5. The Internet of Things: From Information to Insights 5 Meet Qlik® To move from Big Data to big insights — and realize the unlimited possibilities of IoT — you need to scratch below the surface with analytics technology. But where are insights unveiled in the IoT ecosystem? It happens in the analytics layer, beyond the connectivity and operations layers where information is first collected and sorted. This is where Qlik creates opportunities — where you gain the tools you need to reveal insights hidden within the information. It’s not an IoT infrastructure service. Nor is it a solution for simply collecting and cleaning up the data. Qlik is different. The Internet of Things: From Information to Insights 5 To move from Big Data to big insights, you need to scratch below the surface.
  6. The Internet of Things: From Information to Insights 6 How Is Qlik Different? To make the best possible decisions for your business, you need the right information at the right time. But with so much information from so many disparate sources, finding meaning in the mayhem can feel like looking for a needle in a haystack. Of course, this scenario implies you already know what you’re looking for — that it’s just a matter of clicking around in the information until you find it. Yet far too frequently, our preconceived notions about how different data points are related are incomplete or incorrect. This means that transformational insights can often remain hidden. Qlik’s associative technology allows you to scratch below the surface to search across your data quickly and easily — and discover the unlimited business possibilities waiting within. At the heart of this work is Qlik’s unique ability to find all possible data associations, or relationships between values. With Qlik, you leave no data behind, even when combining large numbers of sources. For a manufacturer with Qlik, one association could relate the amount of power consumed at the plant to the types and quantities of products built. Now, the manufacturer can make intelligent decisions about how to lower energy usage without impacting production. This is just one hypothetical example of what Qlik’s data analytics platform accomplishes: Giving users the freedom to explore, search, and instantly pivot without limitations — in order to uncover previously unforeseen insights. This is the Qlik Associative Difference™ . The freedom to explore, search, and instantly pivot without limitations: This is the Qlik Associative Difference™.
  7. The Internet of Things: From Information to Insights 7 Dissecting the Qlik Associative Difference™ Compare this to the approaches of traditional business intelligence platforms. Tools that depend on SQL and a query-based approach as their fundamental architecture for modeling data and supporting interactive analysis result in restricted linear exploration and analysis. Some data is necessarily excluded — leaving you with a partial perspective at best. Here, if you want to pivot in your analysis based on something you saw, you have to rebuild complex SQL queries. Frustratingly, that often requires going back to a more experienced data expert. This is called the “Ask, Wait, Answer cycle,” in which every new type of question has a waiting period. Now, let’s imagine how these differences could play out. Suppose you’re putting together a 10,000-piece puzzle — but without a photo on the box that shows you what it looks like. If you approach this situation with a traditional query-based tool, you need to evaluate each piece one at a time. The tool may be able to show you how some pieces fit together, but it’s up to you to figure out the rest. But Qlik’s associative technology instantly makes a map of the pieces, giving you a picture-perfect snapshot of the puzzle along with several options for efficiently completing it. Thanks to Qlik’s visualization, you quickly realize that something is amiss: The box actually includes two different, smaller puzzles jumbled together. With this insight gained, it’s now your call — which puzzle to piece together first? Qlik empowers users of every skill level to discover insights easily. Here’s how self-service analytics with Qlik works: 1. Ask a question. Users first ask open-ended questions, exploring the information with interactive selections and keyword searches. They do not have to go back to experts and wait for new queries or aggregations. It’s all there, waiting to be fully explored. 2. Gain instant feedback. As the user explores, Qlik’s powerful on-the-fly calculations and aggregations instantly update all analytics and highlight every association based on user interactions. 3. Make discoveries. Relationships are highlighted with helpful visual representations. 4. Repeat as needed. Sometimes, great answers lead to ever-greater questions. When you’ve got Big Data at the speed of thought, who knows where your journey will lead? The Internet of Things: From Information to Insights 7
  8. The Internet of Things: From Information to Insights 8 The Three Pillars of Business Intelligence and IoT Qlik forms three pillars of support for companies of all shapes and sizes, delivering transformative IoT-related insights and a whole new point of view. Analytics Revolution. Data doesn’t make the difference — insights and outcomes do. Qlik brings a fresh perspective to your business, exposing hidden gems within mountains of information. Thanks to Qlik’s self-service capabilities, your entire team is ready to lead your collective analytics revolution. Connected Relationships. In the age of IoT, your company has become connected in ways that magnify your understanding of consumer behaviors and trends. Deeper relationships lead to better business offerings, faster service, and improved customer advocacy. Qlik allows you to see your customers in an entirely new way. Intelligent Innovation. IoT is enabling bold new business possibilities. But as a leader, it’s up to you to create them. Qlik enables you to unleash the power of your business to reach new business opportunities, new revenue streams, and new markets.
  9. The Internet of Things: From Information to Insights 9 IoT Insights in Action: Watch Qlik at Work Analytics Revolution. Could insights from IoT technology improve food supply systems, putting us on the path to a more sustainable future? Consider the pioneering work of agriculture tech startup mesur.io. Their smart “bulbs” are planted in the soil to track plant progress and provide a perspective on growth. To see how they’ve transformed with Qlik, watch mesur.io CTO and Founder, Mike Prorock, speak on stage with Qlik CTO and SVP of Products, Anthony Deighton, at Qlik’s recent Qonnections conference. For mesur.io and their customers, the grass is always efficiently greener on the Qlik side. With Qlik, mesur.io has increased growing intelligence, minimized waste, and helped an analytics revolution in agriculture to blossom. mesur.io’s customers have: • Reduced water consumption and manpower required for growing by 35% • Optimized staff and irrigation resources with real-time targeting • Improved conservation of fertilizer and other supplies by integrating the bulb with water meters and feeds for both weather and temperature “While we were piloting our IoT solution we wanted to act upon our customers’ feedback. Because of Qlik Sense® we were able to make changes lightning fast, which our customers could see instantly. This simply would not be possible without Qlik Sense.” MIKE PROROCK CTO and Founder mesur.io The Internet of Things: From Information to Insights 9
  10. The Internet of Things: From Information to Insights 10 IoT Insights in Action: Watch Qlik at Work Connected Relationships. Rentokil Initial is a global leader in pest control management. Since 1925, Rentokil has worked to protect people from pests and the diseases they carry. Today they are utilizing IoT through connected devices to predict and better manage the risks of infestations for customers. Now, with the connectivity power of Qlik’s information and analytical apps, Rentokil is transforming data into insightful visualizations — and writing the book on pest management with PestConnect. PestConnect is the combination of innovation, expertise, and people that are using digitally connected IoT units to enable a proactive pest risk management approach. With PestConnect, Rentokil has: • Used Qlik to develop real-time insights from 20,000 digital devices in 12 different countries • Mapped weather patterns data with rodent behavior, a radically effective new approach to pest control • Deployed IoT-connected products that send automatic updates to customers through an online portal “Qlik’s platform will enable Rentokil to gain a new depth of insight from its data. This level of data visualization will be crucial as the company continues to digitize and extend its IoT services.” PAUL DONEGAN IT Director Rentokil
  11. The Internet of Things: From Information to Insights 11 IoT Insights in Action: Watch Qlik at Work Intelligent Innovation. Making data-driven decisions in a fast- paced medical environment is no small task. Can IoT technology breathe new life into healthcare analytics — and lead to faster, more confident decisions? That’s what more and more medical trailblazers are discovering. At the Children’s Hospital of Philadelphia, for example, real-time inventory tracking enabled by a network of weight sensors lets the right staff know when supplies run short — from lifesaving medications to adhesive bandages.1 4 Meanwhile, the doctors, nurses, and researchers at Children’s Healthcare of Atlanta (CHOA) have turned to Qlik to monitor and improve care for their young patients. One result? By analyzing vital sign data, CHOA staff learned that neonatal intensive care unit (NICU) babies who had undergone a certain retina procedure experienced distress for longer than previously assumed. CHOA staff then worked to ease the suffering of their most vulnerable patients by making changes to post-operative care. These healthcare providers have: • Increased analytical capabilities to find insights among 1.6 million vital events • Improved pain management processes for post-operative NICU babies • Optimized medical supply chain to reduce shortages from lifesaving medications to adhesive bandages 4 Tim O’Connor, “Children’s Hospital of Philadelphia” The Internet of Things: From Information to Insights 11 Hospitals are using IoT technology to breathe new life into critical medical processes.
  12. © 2017 QlikTech International AB. All rights reserved. Qlik®, Qlik Sense®, QlikView®, QlikTech®, Qlik Cloud®, Qlik DataMarket®, Qlik Analytics Platform®, Qlik NPrinting®, Qlik Connectors®, Qlik GeoAnalytics®, Associative Difference™ and the QlikTech logos are trademarks of QlikTech International AB which have been registered in multiple countries. Other marks and logos mentioned herein are trademarks or registered trademarks of their respective owners. qlik.com What’s Next? The Internet of Things is here, and the possibilities are endless. What will you uncover with Qlik? To find out more about transforming your business with Qlik, visit qlik.com/us/bi/internet-of-things today.
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