We are living in the digital age in which anything that could be digitized is being digitized. Also, because of the mobile revolution, there has been an exponential growth in the number of connected devices. Both these trends have led to the explosion of data and devices. According to one estimate, the numbers of devices will reach 75 billion by 2020. And about ninety percent of data created in the last two years was because of this proliferation of devices.
It is no secret that the digital age promises a data deluge. But there's no benefit in having huge volumes of data; instead, it's what organisations do with it that matters. "Organisations today need to be cognitive businesses, which leverage cognitive computing to gain insights - or even automate insights - to make better and informed decisions," said Richard Wilkins, CTO, ASEAN, IBM Corporation.
The Internet of Things is no good without a way to act on the data it generates. A new partnership between two of the biggest IoT players promises to put smart collection and advanced analysis of data right where it’s needed.