Everybody is talking about the Internet of Things (IoT). It’s recently been called the ‘second coming of the internet’ and the ‘new industrial revolution’.
The benefits of tapping into big data have been a hot discussion topic in businesses across a range of industries. Yet, actually moving past the theory to implementation has been a slower process for most organisations – and for SMEs with tighter budgets it is often an intimidating step.
The rate of data growth continues to escalate. Analyst Wikibon estimates the global big data market opportunity will touch $53bn by 2017 up from $5bn in 2012. Yet, while there is more data out there, and interest in it is growing fast, translating this into actual big data projects is a harder challenge.