IoT Data – Maximising its Value
Many technology commentators have talked about data as the ‘new oil.’ In the wake of fallout from the current epidemic, data might also come to be viewed as a utility – like electricity, water and broadband; a vital resource essential to shaping, supporting, securing and optimising, all life. Through the rapid growth of IoT deployments, organisations are capturing more data than ever before. But there are still a number of questions around the use of data that need clarity. What is the value in the data? How can it be made available and used effectively to benefit all stakeholders – councils, citizens and businesses? How can it be monetised, if at all? In light of GDPR and the post-Covid-19 landscape, this is a highly topical area. As IoT sensor deployments are expanded in smart cities, utilities, hospitals, schools, agriculture, transport networks and many other places, Nick Sacke, Head of IoT and Products at Comms365, explains that stakeholders need to fully understand how to integrate these new data sources into existing data platforms and get the most value from it.