Once companies have a secure and efficient system to store IoT-related data, they need to be able to analyze it. Extracting and managing value from IoT is a big challenge that companies face. The Internet of Things is a collection of devices, sensors and computing capabilities that enable intelligent command and control across vast regions, in an automated manner. A critical component in this ecosystem is data - data that is generated by these sensors and often sent to a centralized system (cloud or a gateway) for processing, data that is joined, processed, reasoned over at this central system, and data that is transmitted back to the devices/sensors to take actions
Yes, that is possible, Big data tech offers the infraestructure for processing a huge amount of data and IoT provide the data sources in real time. This infraestructure must be supported by Cloud Computing and other very important knowledge areas Data Science and Machine learning