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        Executive Summary

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        Internet of Things:

        Exploring How Real-Time Data and Analytics
        Enable Operational Intelligence

        Executive Summary

        The Internet of Things (IoT) is a technology that extends digital connectivity to devices and sensors in homes, businesses, vehicles and potentially almost anywhere. This advance enables virtually any device to transmit its data, to which analytics can then be applied to facilitate monitoring and a range of operational functions. IoT can deliver value in several ways. It can provide organizations with more complete data about their operations, which helps them improve efficiencies and so reduce costs. It also can deliver a competitive advantage by enabling them to reduce the elapsed time between an event occurring and operational responses, actions taken or decisions made in response to it.

        IoT utilizes what Ventana Research calls operational intelligence, a discipline that has evolved from the capture and analysis of data from instrumentation and machine-to-machine interactions of many types. We define operational intelligence as a set of event-centered information and analysis processes operating across an organization that deliver information to enable effective actions and optimal decisions.

         
         

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