Taking stock of the possibilities and perils of IoT analytics. In a nutshell, the Internet of Things refers to devices other than computers that are connected to the Internet and can send and receive data.
Internet of Things (IoT) is the network of connected physical devices embedded with electronics, sensors, and actuators that are accessible through the internet capable of exchanging data. IoT device have the ability to collect and transfer data over a network without manual assistance or intervention. As millions of devices get connected, internet of things will trigger a massive inflow of voluminous and complex data that traditional data processing application software are inadequate to deal with (referred as Big Data).
The objective of IoT analytics is to harness the data coming from sensors and other contextual information to discover patterns and correlations in real-time. The key challenge is in visualizing and uncovering insights from various types of data in context of specific applications.