Big Data for Productivity and Efficiency
More and more data is being generated by a variety of sources. This lead to the term Big Data.
We speak of Big Data if two of the three criteria below is met;
The volume of data;
The velocity of data, data is often available in real-time;
The variety of data.
Nowadays many sensors are attached to the Internet (Internet of Things), like wearables, home automation but also recent developments in the connected car. Also companies are using sensors to monitor machines and products.
However, while this growth in data has the potential to advance the industrial development in ways never before thought possible, few companies today have the right technologies in place or the right business models that can truly utilize the power of the Internet of Things.
Big Data can help you gain insight and increase productivity and efficiency.