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Time Series, IoT and Big Data in Operations: Opportunities, Challenges and Strategy to Integrate Data Assets
White Paper:
Time Series, IoT and Big Data in Operations: Opportunities, Challenges and Strategy to Integrate Data Assets
FEATURED WHITE PAPER
Time Series, IoT and Big Data in Operations: Opportunities, Challenges and Strategy to Integrate Data Assets
As companies have streamlined and modernized, massive amounts of data are being created by equipment and processes. The Internet of Things (IoT) movement will add to this data boon as up to 6.4 billion devices are expected to be connected and in use by 2016 (a 30% increase from 2015) and 21 billion by 2020. It is this data asset that companies will turn to in order to gain the next step change in their operations.To realize the most value from company data assets, a holistic strategy and understanding of technology options and business drivers is needed. The need to combine these systems is a given, but the roadmap to successful IT-OT convergence is complex, and the path must incorporate cultural change, process knowledge, systems knowledge and business knowledge. This paper addresses the opportunities and challenges that companies are presented with when moving towards an IT/OT convergence, and propose a strategy to integrate data systems within your company.
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