Events & Conferences

3 Reasons Why IoT Data Can Give You an Edge

Share this post:

The data is all around us and it’s here to stay. From smartphones and tablets to appliances and sensors, the Internet of Things (IoT) is becoming increasingly common in our daily lives. What most people aren’t paying attention to is that IoT – and it’s a massive collection of data – isn’t only being used for those applications.

Right now, organizations across various disciplines, are focusing their energy on how they can leverage IoT data to drive new innovations, solve complex issues, and increase their operational efficiencies to ultimately reach new heights.

So how can leveraging IoT data give you a competitive edge? Here are three quick points to help you get there.

IoT Can Turn Data into Valuable Insight

It’s estimated that 1.7MB of data is created every second – for every person on earth. Yes, let that sink in for a second (or 1.7MB). There are also more than 50 Billion devices connected to the internet. That’s almost seven times the amount of people alive today!

Within the data that is captured from these devices, there is one important key – that key is insight. IoT data is being used to enhance user experiences, control profile databases, suggest related products or topics, and control the flow of communication to end users all with a click of a button or a few taps on a smartphone.

Organizations are utilizing existing personnel, or training new personnel, to identify competitive advantages that will allow them to take control of user journeys while offering better products and services to their customers and clients.

Want to learn more about how IoT data is helping organizations gain insight, increase operational efficiencies and create new revenue streams for the future?

Join us for the 2019 IBM IoT Exchange, hosted in three different cities.

Do you have any questions about the conferences? Feel free to email us at ibmconferences@LearnQuest.com.

Leveraging IoT Data Can Increase Operational Efficiencies

IoT data provides us with the insight needed to identify issues before they occur. In industries where sensors are utilized, having access to real-time data is increasing the ability for companies to proactively assess future needs.

For example, in the oil & gas industry, sensors and other smart devices have been installed to measure tank levels and oil pressure, identify downtime for machinery, and alert drillers of hazardous circumstances during the drilling process.

With these triggers in place, companies in the industry are seeing increases in efficiency and profitability – so much in fact that according to General Electric (GE), it’s believed that even a 1% increase in efficiency could lead to $90 billion in savings in oil & gas exploration industry-wide.

IoT Data Can Help You Gain Foresight on Future Trends

As organizations are turning valuable data into increased efficiencies, the ability to identify future trends is becoming more common. Making sense of existing data makes room for the opportunity to be ahead of the curve and identify the next big thing.

By analyzing existing IoT data, organizations can creatively introduce opportunities for new revenue streams, improve productivity, decrease costs and improve the overall quality of life for their customers, clients and employees.

With IoT data as a driving force in making impactful decisions, we are all experiencing the benefits of organizations integrating IoT solutions into their daily mix.

How are you implementing IoT into yours?

More Events & Conferences stories
20 August 2022

Guaranteed to run classes for September

If you want to make sure that you are enrolling in a guaranteed to run course, then this is the place to be. Here you will find a list of all the official IBM Training courses that are guaranteed to run for the month to come. Please note that this snapshot is correct at the […]

Continue reading

30 March 2022

Are you ready for Hyperautomation (Part1) – Overview of IBM Cloud Pak for Business Automation

IBM Cloud Paks are one of the largest modernization projects IBM has ever went through. IBM combined the enterprise and industry expertise with best practices for Kubernetes into “Enterprise-ready containerized solutions” that is called IBM Cloud Paks. These Cloud Paks simplify moving core business applications onto a modern platform that provides the benefits of Kubernetes […]

Continue reading

26 January 2022

Arrow Electronics selected as a Training Industry TOP 20 IT Training Company

We are pleased to announce that Arrow Electronics has been selected as a Training Industry’s Inc.’s TOP 20 IT Training Company in 2021 within the IT training sector of the learning and development market. Training Industry today announced its selections for the 2021 Top Training Companies™ lists for the IT Training sector of the learning […]

Continue reading