The Internet of Things (IoT), describes the network of physical objects— “things”—that are embedded with sensors, software, and other technologies for the purpose of connecting and exchanging data with other devices and systems over the internet. According to a Forbes magazine report the IoT market will be $520 Billion by 2021. With billions of IoT devices, there are endless possibilities to take advantage of this data.
Cloud service providers (CSP) are using IoT technology to create massive data analytic services. Remote monitoring and real time monitoring of IoT devices, can provide valuable insights to businesses both large and small. The business need to intelligently leverage the power of Key Performance Indicators by using the IoT to its maximum efficiency has never been greater. Effectively utilizing IoT data to provide industries to access Overall Equipment Effectiveness (OEE) of devices, IoT issues and other performance and utilization metrics has been particularly challenging.
By using the Stratum Edge cloud platform, it enables companies to securely connect and process their IoT data as never before seen. By enabling users to quickly identify Key Performance Indicators (KPI’s), detect anomalies and analyze historical data, The Stratum Edge provides your business the tools that it needs to gain valuable insights about your line of business and providing secured and shared information that is available at your fingertips from anywhere. Additionally, leveraging the IoT and the Stratum Edge platform will reduce downtime in business operations.
More than 85% or companies that use the IoT in Data Analysis operations report an increase in ROI that provide growing investments across industry sectors. With 82% seeing the IoT as the key to gaining an edge over market peers .
Proper utilization of the IoT is not an easy task. By using the power of Stratum Edge Cloud solutions, we can make it easy for your company to use the emerging technology to a provide maximum ROI and efficiency.