{"id":6579,"date":"2016-08-23T07:00:19","date_gmt":"2016-08-23T15:00:19","guid":{"rendered":"http:\/\/formtek.com\/blog\/?p=6579"},"modified":"2016-07-26T18:50:29","modified_gmt":"2016-07-27T02:50:29","slug":"analytics-of-things-aot-using-iot-to-create-a-high-definition-of-the-world","status":"publish","type":"post","link":"https:\/\/formtek.com\/blog\/analytics-of-things-aot-using-iot-to-create-a-high-definition-of-the-world\/","title":{"rendered":"Analytics of Things (AoT): Using IoT to Create a High-Definition of the World"},"content":{"rendered":"

Analysts predict that by 2020 there will be 30 billion devices<\/a> connected to the internet. \u00a0So many devices will be connected that the synergy of all these devices working and communicating together has been given the name of the “Internet of Things” (IoT). \u00a0IoT\u00a0devices will have unique addresses for identification and be able to sense and transmit data as well as receive signals that can control and change their operating parameters.<\/p>\n

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Alec Gardner<\/a>, general manager at Teradata, said that <\/a>“at the moment companies are tapping into IoT to achieve greater reliability, resource efficiency, and cost reduction. The results are small, often benefiting a single person or process. But this will change when visionary organisations start to think more competitively and much bigger. \u00a0This will lead to a new approach called the Analytics of Things.”<\/p>\n

A report by MarketsandMarkets<\/a> finds that the Analytics of Things market will grow from $4.85 billion in 2016 to $22.65 billion by 2021, an annual growth rate of 31.5 percent.<\/p>\n

The types of use cases for the Analytics of Things is shown in the grid below that was included in the\u00a0Teradata<\/a>\u00a0Magazine:<\/p>\n

\"teradata\"<\/p>\n

The Analytics of Things is a component of control analytics that includes<\/a>:<\/p>\n