Johannesburg, 03 Apr 2018
The power of the Internet of things (IOT) comes from extracting and exploiting process, business and customer data that are locked inside enterprises. Inside devices, inside machines, inside infrastructure. These data boost the productivity of human and capital assets, enhance visibility into processes, help secure enterprises against attack, and drive profitability by identifying new business opportunities.
The IOT value cycle explores how IOT data can improve operations by optimising four parameters: visibility, security, profitability and productivity. Enhanced visibility is achieved by securely connecting all data sources to processes, using algorithms to extract value. Security comes from protecting company, employee, and customer IOT data, in-motion or at-rest, from attack, and by governing those data throughout their life cycles.1 The third parameter, profitability, is achieved by using IOT solutions to better understand customers and their preferences. Productivity, the fourth and final parameter, is achieved by using IOT data to squeeze the most from production processes and empower the people who run them.
The focus of the value cycle is not on IOT devices per se, but rather on converting the data they generate into actionable insights that expand the value chain. Data life cycle visibility into the integrity of this process will ensure the derived business intelligence is both trustworthy and compliant.
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