Internet of Things & Big Data

Internet of Things (IoT) is a “widespread presence of various of devices such as sensors, actuators and mobile phones that provides capability to interact and cooperate with each other to reach common goals”.

There are two majors driving forces behind the development of IoT as following:

  • Increase ease of connections to sensors 

Sensors are capable to interact with different devices regardless of different technologies that they have. For example, sensor in the key may unlock the door at the house and communicate message that allow the lights to turn on and thermostat sets room temperature to normal.

  • Improved ability to access and analyze the data generated

IoT provides marketing automation that capable to produce customer information such as their preferences, hobbies etc. Multinational companies can deploy the information to sell their offerings and create customer-focused products and services. Companies will be able to interact and captivate more potential customer and establish loyal customer at once.

Some of the few examples of IoT applications that we are able to identify in real life are:

  • Smart buildings

Intel, American multinational corporation and technology company has been adopted smart buildings on their operations. Intel’s are adopting ecosystem of equipment manufacturers and systems integrators that rely on Intel’s technology to execute smart building solutions that are secure, scalable and interoperable.

A solid technology foundation that they have implemented are including:

                        1) Accelerate Development

Using Intel’s pre-validated building blocks with design resources and development tools to accelerate the process of delivering smart building IoT products and solutions.

2) Add Intelligence Anywhere

Intel put its data across building operations to acquire higher level of business     intelligence.

         3) Consolidate Systems

Intel enables high performance and virtualization to gather information and operation technology.

  • Smart appliances

LG Artificial Intelligence platform, Instaview ThinQ, allow Alexa to inform customers on the recipes and add it to the shopping list when the ingredients are run out. The smart fridge provides apps to allow customers to put more ingredients on the fridge. 

Amazon Dash buttons let customers restock the content with just one tap while two taps will turn the display on transparent where customers can check the ingredients inside the fridge. It also provides panoramic camera where customers can look inside the fridge through their mobile phones.

  • Smart TV

Samsung launched Smart TVs to provide access of streaming content where customers will be able to search their favorite movies, games etc. while connect to other devices. There are several features of Samsung Smart TVs that people can enjoy which are:

1) Streamlined for simplicity

Samsung provides seamless connections with intuitive features that avoid false assumptions of Smart TV.

              2) An intelligent, holistic experience

Smart TV along with Smart Things are able to connect to extensive range of connected devices in the house to automate life and make life easier.

                   3) Endless entertainment

Universal Guide feature bring all your favorite movies, shows and music in one place and provide recommendations to customer who might find it difficult to choose the content that they want to watch.

             4) Intuitive controls

Samsung Smart TV provide easy connections through One Remote and Auto Detect. The voice assistant command customers to ease the process of setup and find contents faster.

            5) Effortless home control

Customers will be able to control their connected devices at their    convenience with Samsung Smart TV such as changing room temperature and viewing security cameras.

  • Wearables

Apple’s own technology extension products, Apple Watch is the first wearable device and smartwatch. Apple Watch monitor health and fitness, track the user’s movement, heartrate and activity with built-in sensors that provide review and analysis of the data through Apple’s Health App. 

They have launched two new apps, Fitness and Workout. Fitness records general activity, steps and calories burned while Workout tracks activity for workout provided like personal trainer and give information about user’s heart rate and movement.

Big data is “datasets that helps companies to manage, store and analyze their database software”.

Big data are classified into four sources such as:

  • Internal = Data that belongs to organization’s firewall. E.g. Data storage and archives
  • External = Data that belongs to outsiders of organization’s firewall. E.g. public web
  • Unstructured = Data that does not have a pre-defined data model or is not organized in a pre-defined manner
  • Structured = Data that belongs in a fixed field within a record or file

Big data operates according to the principle of 3V as following:

  • Velocity = The rate which data is generated and changed
  • Variety = Number of different data sources and types
  • Volume = Average quantity of data units per category

There are several ways to turn big data into value with several analytics to undertake by looking at the source that classified as:

  • Media

It is the most popular source of big data as it provides information on customer preferences and trends. Companies may be able to obtain insight from their target audience, draw patterns and conclusions and elevate their decision making. 

Media includes social media such as Facebook, Twitter, Instagram, YouTube and generic media such as images, audio, video that delivers quantitative and qualitative insights that companies can gain benefits from. It will help companies to execute audio, video and social media analytics from this source.

  • Cloud

Cloud manages storage of structured and unstructured data that provides real-time information and on-demand insights. It is a very efficient and economical data source. Companies may implement text analytics where they can look through the data and extract meaning from various themes of data.

  • Web

Public web is very accessible to people across the world where they can visit instantly. For example, Wikipedia delivers informational insights for free access to their readers. Companies will not need to develop big data to gain leverage on their businesses. 

  • IoT

Internet of things produce data that can bring value of big data that are yielded from sensors that are connected to electronic devices. IoT data includes big data generated that comes from every device that releases data. 

  • Databases

Nowadays, companies use a mix of traditional and modern databases to obtain relevant big data. The databases give insights that can be used to enhance business profits. Web, IoT and databases are extremely important sources for companies to conduct predictive analytics to look data from past and present and predict customer’s future behavior.

Internet of Things and big data are mutually dependent where both of them must co-exist hence companies can utilize it to gain profits and establish successful businesses. Companies must develop their own technologies and system to facilitate the operation of these tools that contribute to be a valuable source for the businesses and bring value to customers simultaneously. 

What do you think of IoT and big data? Do you find it useful for businesses? Or maybe you have other alternatives and solutions that you can suggest for the companies? Feel free to tell me all your thoughts in the comment section below. Thanks for reading my post and have a great day.

Published by saraherfina

I am studying in RMIT University, majoring in Business Marketing. This is my final year and i am expected to graduate in June 2020.

12 thoughts on “Internet of Things & Big Data

  1. Points are easy to comprehend for someone who has no idea what IoT and big data is. However, it would be better to justify the entire posts to avoid making it look messy. Other than that, interesting contents! With the world changing rapidly, it is important that organisations equip and educate themselves with IoT and big data in order not to lag behind. These two factors can definitely help firms get more precise information due to how connected and updated majority of world is and also safely store the information gathered all thanks to the latest technology.

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    1. Thank you for highlighting the lack of my article, Yuni. I promise I will improve my post so the readers might be more convenient to read my article and gain more knowledge for the particular subject. IoT and big data help companies to understand customer behaviour and build strategies to sell their products and services for business profitability. Therefore, companies must be able to understand on how to use these tools effectively due to rapid change in technology. Thank you for giving feedback for my article. See you on the next article.

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  2. IoT and Big Data is certainly a very new topic and Big Data is exponentially made globally but it is very cluttered. In order to utilize this, Marketers need to have a concrete goal before entering and mining the relevant data so they can optimize their websites and sell their products in the best way possible.

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    1. I have a different perspective or point of view about IoT and big data after listening to your opinion about these tools. Companies must set concrete, clear and detailed goals before utilising these tools in order to increase the possibilities of selling their products successfully. Thanks for the good input, Sabrina. I will take a note from it and use it to improve my way of understanding and explaining for the next article.

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  3. What a very informative post! I agree with your thoughts. The internet technology globally integrates the people of the world. I find it IoT and Big Data are very useful for my business. Keep up the good work!!

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    1. The technology has improved rapidly as the time goes by where people from across the world will be able to engage and communicate with each other without barriers or boundaries. IoT and big data have contributed to bring people together and companies might utilise these tools to sell their products and reap profits for the business sustainability. Thanks for giving a positive feedback, Aveline. Looking forward to see your comment on my next post.

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  4. Due to the rapid advancement in technology, IoT and big data have been widely spread through various devices to ease customers on doing their daily activities. Companies have been capable to utilize these tools in the business to sell their products and services to their target audience. You have managed to capture some companies that use these tools to help improving their business. Overall, it was a nice article to read and readers may gain more knowledge and insight from it.

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    1. Companies have been successful in utilising IoT and big data to reap profits for their business sustainability. Therefore, I made some reference regarding the impact of IoT and big data for some companies with several examples to ease customer’s understanding on the benefits and how to use these tools effectively. Thank you once again for giving a positive feedback. See you on my next post.

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  5. Thank you for such an informative post! IoT has been useful for businesses as now companies are looking to integrate more technology and make the whole experience more seamless. For example, now retail stores are accepting more forms of payments and you can even pay with your smartwatches. Furthermore, they would then be able to use Big Data to track all of these and then develop insights into their consumers, which reflects the customer value to the brand.

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    1. You are very welcome, Cherlyn. You are absolutely correct. IoT has been very useful in helping companies to deliver great experience for their customers to do things more easily and conveniently. Big data has also contributed to company’s success by identifying what customer wants and needs as well as value that they want their brand to perform.

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  6. Its amazing how IoT has evolved since. However, IoT and big data also carry out issues and challenges such as market manipulation or filter bubble effect. What do you think of this matter?

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    1. I believe companies must be able to use these tools carefully and double-check if the data gathered are similar to the market. With case of filter bubble effect, users can for example by making a conscious effort to evaluate what information they are exposing themselves to, and by thinking critically about whether they are engaging with a broad range of content.

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