Harnessing the Power of IOT, BIG DATA AND ANALYTICS · to Transform the Business IDC Infobites...
Transcript of Harnessing the Power of IOT, BIG DATA AND ANALYTICS · to Transform the Business IDC Infobites...
© IDC September 2018
Harnessing the Power of IOT, BIG DATA AND ANALYTICS to Transform the Business
IDC Infobites sponsored by© IDC September 2018
An IDC Infobite sponsored by© IDC September 2018
Digital transformation (DX) is a strategic priority for European organisations
IoT combined with Big Data and analytics can deliver
on the DX agenda to:
The DX imperative: DX is driving a rise in IoT activity and spend:100% of European enterprises have DX at the heart of their corporate strategy
of European organisations view analytics as important to IoT
• Redefine how businesses generate revenue and monetise products and services• Manage a globally dispersed workforce leveraging information as an asset• Develop new contextualised and customised customer experiences
A third of European organisations are increasing their IoT spending by 20% or more year on year.
DX
Over
75%Insights
Big Data
Analytics
IoT
¼3
An IDC Infobite sponsored by© IDC September 2018
Asset-intensive industries including manufacturing/automotive and utilities are leaders in IoT investmentEuropean companies spent
55% of utility and energy companies are actively conducting IoT pilots or projects, plus 22% are planning to do so
Over 90% of manufacturers view data analytics as significant to Digital Transformation
Asset management — primary use case for IoT analyticsBy 2019, 75% of utilities will use asset performance management underpinned by analytics to manage critical operational assets, leading to an improvement of up to 10% in operational performance.
Future potential — driving margin increase
By 2020, connected vehicle ecosystem players that capitalise on monetising data with apps and services will see a revenue margin increase of 5 percentage points.
Their spending will
€125 billion90%
55%DOUBLE
on IoT in 2017.
by 2022.
5%
10%
An IDC Infobite sponsored by© IDC September 2018
In-storeMarketing
Smarttransparent
systems
Hospitalasset
tracking
Vehicletelematics
Fieldmaintenance
Fleetmanagement
Telcobase stationmanagement
Remotehealth
monitoring
Foodtraceability Smart
grid(gas)
Digitalsignage
Staffidentification
Publicsafety &security
Publicinfrastructure
assetmanagement
Smart grid(electric)
Freightmonitoring
Manufacturingoperations
Omni-channel
operationsConnected
vehicles
Personalwellness
Smart home
Productasset
management
Smartbuildings
The right platform for advanced analytics and AIis critical to IoT successAdvanced analytics and AI can unlock the value in IoT data, but organisations need to consider an alternative approach
Early Growing Late Growing
5%42%Only 5% are usingAI techniques.
42% of European organisations are using basic analytics for asset management
IoT use cases in Europe where advancedanalytics can be a differentiator
By 2020, 100% of effective IoT efforts will be supported by machine learning in some form
An IDC Infobite sponsored by© IDC September 2018
Performance, integration and agility of your data platform are hallmarks of successful IoT systems
IoT’s high impact is bringing new workload requirements:
European organisations recognise there’s room for technological improvement:
New machine learning techniques
Real-time data
Data at the edge
Exploding data levels
Hardware setupcomplexity
would like better solution performance
want betterinfrastructure &
application integration
seek increased agility
Architecting the right platform is integral to success and will becomea key differentiator for IoT and digital transformation initiatives
30% 26% 26%