Connected devices through IoT brings petabytes of data with them. How can you use this data and turn it into a competitive advantage? In this slideshare, learn about how companies are revolutionizing their products using IoT data and what advantages a company can derive capturing insights from IoT Data
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Harnessing data in IoT to transform connected devices
1. Harnessing Data
in IoT to transform
connected
devices
Using data to achieve business
outcomes
CUELOGIC TECHNOLOGIES
2. Companies are failing to realize the full
potential of the internet of things because
they are capturing huge volumes of data
without considering what it is for.
- Frank Muller, EnY
"
4. top examples of companies
harnessing IoT data to transform
their products
5
5. A popular entry in the domain of home security, smart
lock from August is changing the way you handle
locks.
The smart lock automatically unlocks when you get
home and locks behind you when you leave the house
for some work or chore.
The mobile app helps you to keep a tab on your
security and the fully secured data helps it to deliver a
great user experience.
6. Philips has introduced a new range of light bulbs that
have been powered by IoT capabilities and Data
Analytics.
The bulb can be changed to any color that you want.
They can turn on and off based on a predefined
scheduled via the mobile application and can also
sync seamlessly with the music that you play.
7. Rotimatic has pioneered making Indian Bread -
Automatically!
The machine can also analyse user data to customize
Rotis according to preferred tastes.
The company is studying user behavior and machine
behavior to deliver better outcomes and enhance user
experience!
8. Automatic is an adapter that plugs into your car and
saves data about key insights like the number of hours
driven, average speed, mileage registered, fuel
efficiency, ignition status, etc.
The accompanying mobile application then gives you
details about how to improve upon your driving.
9. One of the most popular IoT driven devices, Nest is a
smart thermostat for your home that is connected to
the Internet.
What makes it unique is that it learns the most
favored settings of your family over time and
automatically adjusts the temperature on the basis of
whether you’re at home or away, awake or asleep, and
so on.
This helps users to cut down on their electricity bills by
increasing the efficiency.
11. Faster Decision
Making
INSTANT AND REAL-TIME DECISIONS CAN BE TAKEN, EVEN
AUTOMATICALLY, THROUGH HARNESSING THE RIGHT DATA AT THE
RIGHT TIME.
IT MAY BE CRITICAL IN SOME CASES TO TAKE WELL-INFORMED AND
INSTANTANEOUS DECISIONS.
FOR EXAMPLE, THE HEARTBEAT PATTERN OF A PATIENT THAT IS
USING A HEALTH TRACKING DEVICE MAY INDICATE THE POSSIBILITY
OF A HEART ATTACK. AS A RESULT OF DATA HARNESSING AN
AUTOMATIC DISTRESS CALL CAN BE SENT OUT
12. Competitive
Edge
THE ABILITY TO COLLECT AND MAKE SENSE OF A LARGE POOL OF
DATA WILL PROVIDE YOUR BUSINESS AN EDGE OVER YOUR
COMPETITORS
AS A RESULT, YOUR SERVICES AND PRODUCTS BECOME BETTER
VERSIONS OF THEMSELVES, AND YOUR CUSTOMER RETENTION GOES
UP.
13. Booming
Revenues
SINCE DATA ANALYTICS COUPLED WITH IOT WILL PROVIDE YOUR
BUSINESS WITH THE RIGHT CUSTOMER INSIGHTS AND
PREFERENCES, YOU IMMEDIATELY KNOW WHAT IS WORKING AND
WHAT IS NOT.
INCREASED AWARENESS ABOUT THE LIKES AND DISLIKES OF YOUR
CUSTOMERS, CAN HELP FOCUS ON DEVELOPING PRODUCTS AND
SERVICES THAT ARE MORE IN-TUNE WITH THE DEMANDS AND
EXPECTATIONS OF YOUR CUSTOMERS.
14. Volume & Selective
Processing
A LARGE VOLUME OF DATA CAN BE PROCESSED WITHIN NO TIME,
ALSO INCREASING THE EFFICIENCY OF THE INSIGHTS THAT DERIVED
AS A RESULT.
NOT ALL DATA IS VALUABLE.IT IS BETTER TO ISOLATE OBSOLETE
AND MUNDANE DATA FROM THE USEFUL ONES FOR RICHER
ANALYTICAL DETAILS.
THIS ALSO MEANS THAT BY DISCARDING USELESS DATA, YOU ARE
EFFECTIVELY SAVING ON THE STORAGE AND PROCESSING COSTS.
15. Remote
Monitoring
YOU NO LONGER NEED TO BE IN THE VICINITY OF YOUR MACHINES
AND PRODUCTS TO MONITOR THEM - RESOURCES CAN NOW BE
MONITORED REMOTELY AND ACTIONS CAN BE TAKEN ON THE BASIS
OF DATA.
FOR EXAMPLE, HEALTHCARE PROVIDERS CAN CLOSELY MONITOR
DEVICES SUCH AS INSULIN PUMPS OR THE HEALTH OF THE PATIENT
VIA SUBCUTANEOUS VITAL SIGN SENSORS.