One of the largest smart grid demonstration projects in the United States shows that utilities in the Pacific Northwest could see big benefits from smart grid projects. Those benefits include improved outage detection/restoration and wind forecasting, as well as distribution savings.
Before rushing to buy data analytics software, companies should consider what kinds of business decisions they want to make. That will lead to the data.
Apache Spark offers fast speeds, integration with a variety of programming languages, and flexibility. But Spark vs. Hadoop MapReduce is not an either-or deal.
Sales automation will likely take away routine sales jobs, but a new IoT architecture is discussed that allows data from CRM, CPQ and other systems to allow sales and marketing to reach the right customer at the right time.
A new McKinsey report argues that most of the value for the IoT lies in business applications such as factories, oil and gas, agriculture, and retail. Challenges include producing actionable insight and demonstrating value. Experts advise to take a "start-up" approach to IoT efforts.
Businesses that use text analytics to analyze the growing amount of unstructured data should look for systems that allow integration with structured data.