Internet Of Things Predictions For 2015 From ParStream

The following represent Internet of Things Predictions from ParStream, the company behind the analytics platform built for the internet of things.

1. The Rise of the Chief-IoT-Officer: In the not too distant past, there was an emerging technology trend called “eBusiness”. Many CEO’s wanted to accelerate the adoption of eBusiness across various corporate functions, so they appointed a change leader often known as the “VP of eBusiness,” who partnered with functional leaders to help propagate and integrate eBusiness processes and technologies within legacy operations. IoT represents a similar transformational opportunity. As CEO’s start examining the implications of IoT for their business strategy, there will be a push to drive change and move forward faster. A new leader, called the Chief IoT Officer, will emerge as an internal champion to help corporate functions identify the possibilities and accelerate adoption of IoT on a wider scale.

2. Analytics Will Be the #1 Priority for IoT Initiatives: 2014 was about sensors and devices. The initial objective of many IoT projects was about simply placing sensors on critical assets such as aircraft engines, cell phone towers, cargo containers, and more to start collecting data from real-time events. Early IoT pilots demonstrated the wealth of information made possible by sensors and connections. 2015 will be about value. The attention will quickly shift from simply “enabling IoT” to truly “generating benefits from IoT”. Timely analytics is key in gaining actionable insights from data, and hence, a prerequisite for realizing the full potential of IoT. To drive more business value from IoT, companies will analyze more real-time data and implement new, innovative ways of delivering analytics to the “edge” or source of data.

3. IoT Platform to IoT Platform Integration Will Drive Relevance: Forrester recently proclaimed “IoT software platforms will become the rage in 2015”. Indeed, many IoT software companies are thinking “platform” rather than just “modules” to help deliver something closer to a “whole offer” for customers. However, an IoT platform’s real value will be driven by its integration with other IoT platforms. The reality is that there is no single, end-to-end IoT platform, which can deliver device management, data aggregation, analytics, visualization, etc. for the breadth of potential IoT use-cases. Hence, the power and value proposition of an IoT platform will be driven by its connection and integration with other complementary IoT platforms.

4. Industrial/Enterprise IoT Will Take Center Stage in the Media Spotlight: Driven by well-publicized acquisitions (e.g. Google/Nest) and high-profile new products (e.g. Fitbit, Apple Watch, etc.), consumer IoT has received a disproportionate amount of media attention compared to industrial IoT. While consumer IoT will eventually be a huge market, the hype greatly outweighs the near-term reality with respect to adoption. However, the tide is turning and industrial IoT will take the spotlight in 2015 as the media starts to more frequently cover the massive opportunity and traction of enterprise IoT in driving efficiency and creating new business models (e.g. Harvard Business Review’s cover story on IoT in their November 2014 issue).

ParStream Reveals Big Data Analytics Platform For Internet Of Things

Today, ParStream reveals details of an analytics platform dedicated to the internet of things.
Featuring ParStream DB, a patented database designed to handle the storage of massive amounts of data and real-time analytics, the ParStream platform boasts sub-second query response times, the ability to analyze billions of rows of data and time series analytics that analyze incoming, real-time data feeds in conjunction with historical data. Moreover, ParStream’s Geo-Distributed analytics server enables data analytics and data visualization on distributed datasets in ways that accommodate the disparate data storage infrastructures of contemporary global IT organizations. ParStream’s bevy of analytic offerings sit atop the ParStream DB as illustrated below:

As the graphic illustrates, ParStream’s internet of things analytics platform delivers a diverse range of analytic engines that operate upon massive volumes of data resulting from appliances, wearable devices, automobiles and sensors. Moreover, the platform boasts data acquisition qua ETL/streaming technologies and data visualization technology that collectively delivers a turnkey solution for internet of things use cases. As told to Cloud Computing Today in an interview with ParStream’s CEO, Peter Jensen, the ParStream solution absolves customers of the necessity of cobbling together disparate technologies that often struggle to integrate with one another by delivering instead a holistic solution for internet of things analytics that has few counterparts in the industry to date. The conjunction of the platform’s database and advanced analytics technologies renders it especially well suited for the massive, high velocity datasets specific to the internet of things space, particularly given its real-time analytic functionality on streaming datasets and capability to change the direction of its analytics as data evolves. More generally, the platform illustrates the Big Data industry’s increasing preoccupation with real time analytics on massive, streaming datasets and the concomitant challenges associated with storing incoming data and the results of analytic operations on the data in question.