Advancement of big data technology
while ubiquitous Internet and smartphones have ensured everyone is connected to the Internet of People, advances in sensors and communications technologies are creating the next revolution with the Internet of Things, where all devices will be interconnected. With the number of connected devices set to cross 50 billion by 2020, there is a potential to create a value of 11 trillion USD.
Smart devices have traditionally existed in industry settings (e.g. oil fields). However, the data produced was not fully consumed, analyzed and used for prediction and optimization. Advancement of big data technology now enables ‘at edge’ analytics, which in turn lets us unlock the economic value that the data holds.