“Realize that everything connects to everything else”, said Leonardo Da Vinci. That foresight couldn’t be truer right now, as the Internet of Everything is here. It has the ability to connect anything to everything else. Not just devices, but people, process, things, enterprises, even industries. Your house and smart possessions will be collectively more intelligent than you by 2020, and the experience will become hyper-personalized. Industrials are going beyond machine-to-machine communication and are pursuing brilliant factories. And it’s all driven and connected by data.
Data and how we act on that data are key to unlocking benefits for both businesses and individuals. Analysts claim that we only analyze 0.5% of the data being generated globally right now. In the past, we have been very good in promoting strategies to store vast amounts of static data, but nothing that turns that information into valuable insight that – in turn – becomes real-time and intelligent decision making.
Analyzing and acting on streaming data – or data in motion – as it's produced from people, applications and machines is becoming ever increasingly important. The value produced from instant action can be immeasurably higher than conventional, backwards looking approaches. But how do we get there? What are we going to do with all this potential? Which industries will lead if any? This talk will look at the use of so-called fast data in a variety of industries and describe approaches to obtaining value from it.