Blog and News

03 October 2022

IoT Data Collection and Analytics Automate the Analysis of IoT Device Data

Other tools and devices are being developed to provide convenience as technology advances. For example, the data analysis tool has recently gained popularity. Many large corporations now use data analysis tools to help their business operations. The company uses these tools to analyze various data sets it owns to produce higher-quality products or services. On this occasion, we will discuss IoT Data Collection and Analytics as an alternative analysis method that the industry can consider.

IoT Data Collection and Analytics Definition

IoT Data Collection and Analytics is a managed data analysis tool that allows users to analyze massive amounts of Internet of Things (IoT) data. As a result, companies no longer have to be concerned about the complexity and costs associated with developing an IoT analytics platform. Instead, this data system is the simplest way to conduct IoT data analysis to gain knowledge and make better, more accurate decisions. This is because IoT data is highly unstructured, making traditional analysis difficult. With this tool, you can automate every time-consuming step in analyzing data from an IoT device.

This solution filters, transform and enrich IoT data before storing it in a time series (data store for the analysis process). You can configure your device to collect the data you require. The solution is a managed service that completely operationalizes analytics and automatically scales to support petabytes of IoT data. You can analyze data from millions of devices and build fast and responsive IoT applications without having to manage hardware or infrastructure with IoT Data Collection and Analytics.

The Benefits

Of course, these analytics tools make use of effective key technologies and features to provide a variety of benefits, such as:

  1. It improves visibility, provides better control, and speeds up decision-making.
  2. Scalability for business needs and expansion into new markets.
  3. Reduce operational costs through automation and improved resource utilization.
  4. Identify issues using accurate data.
  5. Resolve issues faster and prevent them from recurring.
  6. Improve the customer experience based on purchase history analysis.
  7. Develop products and services more quickly and with greater relevance.

 

So, those are some of the benefits of implementing IoT Data Collection and Analytics solutions. IoT Data Collection and Analytics have become a viable alternative to traditional data analysis. This data analysis tool solution is designed to aid in optimizing business processes across multiple industries. PhinCon, a subsidiary of the Phintraco Group, has expertise and experience in IT Consulting, as well as products and technology solutions to assist in the betterment of the digital transformation journey. Implementing this data analysis tool solution with PhinCon will help your company optimize operations or determine the next course of action. By adequately implementing this solution, your company will be able to collect, store, and deliver results to maximize your company’s operations at all levels.

 

Contact us at [email protected] for more information on IoT Data Collection and Analytics solutions.

 

Reference:

https://www.tibco.com/reference-center/what-is-iot-analytics

 

Related article: Simplifying Application Integration Process With Enterprise Service Bus

 

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