Today, sensors capture the presence of an individual, however, the information is not analyzed and the benefits of the data are not maximized. Mining the data, rather than just capturing it, can lead to profitable analysis of patterns and trends.
Growth in the IoT is staggering to think about. Approximately 90 percent of total data in today’s world did not exist two years ago so it is not surprising that much of it is not being optimized.
What’s more, the number of Internet connected devices surpassed the world’s population 3 years ago. By 2020, there will be 5 to 10 times the number of devices sold with native Internet connectivity as will be Internet connected PCs or smartphones. Multiple sources that analyze the IoT believe that by 2020 there will more than 25 billion Internet connected devices. … (Read more)