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Data is the skeleton of Internet of Things. Internet of Things will cease to exist if data is not there. It is the seamless flowing of data which is of utmost importance around which the entire concept of IoT revolves. It does feel like the world data is the currency as well as the backbone of all the systems across the globe. Visit @ https://www.algoworks.com/
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In ancient times everything from salt grains to elephant teeth were considered as a form of currency i.e anything valuable. But the world has adopted the slogan of “Go digital”.
Digital currency is radically redefining business and IT and that currency is nothing but DATA.
Internet of Things is much talked about and in hype these days but the thing that makes Internet of Things possible is data. Because data is the thing that we collect, process and analyse in order to identify and influence users, their behaviour and the environments.
It is about converting the information generated by the various devices and sensors into knowledge about the environment. PURPOSE OF IoT Internet of Things is solely not about adding services to the product.
MOTTO OF IoT “Making sense of the data so collected from the various device sensors is the core value of Internet of Things”.
According to the present day scenario, it has been like that there is a sensor attached to a device it collects data and then necessary actions are triggered.
Huge number of apps become unmanageable, so the focus should be on merging of the data. Such services should be made that create knowledge and drive meaningful action by mashing up multiple data sources.
Area of concern again should not be restricted to merely collecting the data and mashing it but it should be on collecting Quality Data.
Data in health and fitness sector Internet of Things has also set its foot in the health and fitness sector. So when you are dealing with people and their life then that data should needs to be precise and accurate, meaning it should be able to vouch for its quality.
Importance of Data The data has to be pulled from wearables, phones, apps and needs to be analyzed properly so that proper medication or exercise can be prescribed depending on it. Thus data can be life-saving as well!!
If data is the currency and data is that important, then so is the securityof it. When it comes to secure the Internet of Things then it is definitely seeking to secure the data that is associated with it not only to ensure privacy and safety but also to enhance and upgrade user confidence.
Types of Data While securing data in IoT you have to think in terms of three context i.e data at rest, data in motion and data that is in use. Each category of data has their own definite set of security threats and there are definite ways to combat each of these challenges.
All the big companies in the IoT league are buying and selling data like the wampum beads. As the concept of Internet of Things and big data is making their grip stronger in the market the value of data is growing exponentially.
IMPORTANT STATS 90% of the world’s total data is believed to be generated within the last two years!! And the volume of data is expected to bounce by a multiple of 40 by 2020!
On a parting note: Thus we can conclude that Data is the skeleton of Internet of Things. Internet of Things will cease to exist if data is not there. It is the seamless flowing of data which is of utmost importance around which the entire concept of IoT revolves. It does feel like the world data is the currency as well as the backbone of all the systems across the globe.
Thank You Mail us at: sales@algoworks.com Contact us at: +1-877-284-1028 Official Blog Link: https://medium.com/all-technology-feeds/data-the-new-currency-for-iot-6a7b3c5d0a4f
