What Is IoT Analytics?
When discussing Internet of Things (IoT) analytics, people tend to think of artificial intelligence (AI) and machine learning (ML). However, the most basic form of IoT data analytics is detecting anomalies and trends.
In an immediate sense, real-time analytics in IoT look at data to see if something is statistically crossing an established threshold. These thresholds provide better visibility, allowing businesses to react quickly to changes.
A time series method takes large pools of data and examines multiple variables to determine if there are any patterns. By probing these trends, companies can:
- Open new revenue streams
- Resolve operational issues
- Recognize areas needing improvement