You’re probably aware of how much information is online, and what that information means for you, your business, and the world around you.
But how much does this information actually matter?
That’s the question we’re asking with the ‘Internet of Things’ project, which aims to answer that question with an analysis of the data surrounding these devices.
“The data that’s out there on the internet of things is incredibly valuable and can help businesses make decisions on how to operate,” says Ben Glynn, chief research officer at the research company IDC.
“We’re working on the IoT challenge, and we’re doing that by looking at the data we’ve collected on these devices, how they’re being used and the business implications that are arising.”
The IoT project is aiming to make the internet more transparent by analyzing the different types of data that are being collected about the devices we’re using, from device-specific data to consumer data.
“The IoT data is very rich and has a lot of value,” says Glynn.
“It allows us to create insights and understand the business benefits of this.”
What we do know about devices in the IoT worldThe IoT challenge is a growing one in the financial sector, where there’s a clear need to make IoT data more accessible.
And the way the data is being collected has become more and more detailed as the IoT market has grown.
The IoT data has become a major source of information for financial services companies and their clients.
According to Glynn’s IDC analysis, the total amount of IoT data collected by companies has risen from about 60 terabytes of data in 2015 to around 700 terabytes last year.
The biggest change has been the development of technologies that let data brokers and service providers collect IoT data from devices.
This has led to the rise of a growing number of services that can collect data from IoT devices.
There’s also a growing demand for data to be used in IoT projects.
“We’re seeing an explosion of data being collected for IoT projects, as companies try to make it more useful for their clients,” Glynn says.
“That’s what makes IoT so interesting to us.
It’s like building a big new skyscraper, but instead of using the old structure, it’s now using the new technology.”
How to read the IoT dataGlynn says there are a number of different ways you can interpret the IoT devices you’re using.
Some of these methods are more straightforward to understand, like what devices are being used in a particular way, how the devices are configured, and which devices are connected to a particular device.
Others, such as the data gathered by data brokers, are more detailed and include data that is specific to a specific device.
“What we see is that the most common way for data brokers to collect IoT information is to use tools like Datamark, which collects the device IDs and identifiers,” Glyn says.
“[Datamark] is an open source tool that’s developed by an open standard that anyone can build upon and make their own tools.
Datamarks are an example of a tool that enables data brokers who need to be able to collect a broad range of data from many different IoT devices to do that.”
A good example of this is a product that we’re currently testing that allows a company to query a database for specific IoT devices, such that it can identify and compare them against other data sets.
“Another common way to interpret the data that you collect is to look at the ‘features’ that you’re collecting and the ‘operations’ that are happening with these devices,” he continues.
“This can help you understand the different features and operations that are occurring, and also to see if there are any ‘features that aren’t being used by other devices or not’ that might be of interest to the company.”
For example, there are certain features that are only useful when you have an active connection to the device, such an active Wi-Fi network.
Another feature that can only be used when the device is connected to an active wireless network is the “remote access” feature.
“These are the areas that we see that are most often reported by data analytics services that are using IoT data to understand the behavior of IoT devices,” Gynsays.
“One of the things that we are seeing is that these are the same features that people are looking for, and that they are finding, even though the companies are different.”
How much does data really matter?
Data collected by data providers can reveal many things about a particular IoT device, including its operating system, firmware, and whether it’s an embedded device or a standalone device.
These features are often reported in terms of how often they occur, and how often the device has been used.
“There are lots of data sets that we can use to identify when devices have been used and when they haven’t,” Gathers says.
For example we can see