Prescriptive analytics is a bit of a unicorn - a thing of beauty, but rarely seen. That's about to change, with prescriptive analytics and the Industrial Internet of Things (IIoT) enjoying their teenage years together.
More than eight million building management systems (BMS) will be integrated with some form of Internet of Things (IoT) platform, application or service by 2020, according to an ABI Research report. However, like many suppliers in established markets today, commercial building management system vendors face both opportunities and threats when navigating the emerging IoT ecosystem.
In the business world, seldom do you find widespread agreement on any topic. However, everyone seems to know that the Internet of Things is important and getting more so - especially in the ways that organizations handle transportation and logistics.
IoT generates a tremendous amount of data - much more than people generate manually with their keyboards and cameras. And the volume of IoT data being generated will continue to increase at an exponential pace. How can companies extract the maximum value from that data? How should they think about it?