SILKRAILS.WORDPRESS.com (GCTL8.com – FocusAsia Media Ltd
LONDON, Aug 10 (FAM) – The Industrial Internet of Things (IOT), wireless data communication between machines, otherwise known as Machine to Machine (M2M), and Big Data are the buzz words of the moment, summarised by the term, Industry 4.0.
This New Digital World promises to remove information silos, reduce costs associated with manual processes, and re-focus activities on business improvement rather than only resolving problems and crisis management.
A progressive business can transform Big Data into actionable intelligence and then convert this into profit, because Big Data means more than just ‘a lot of data’. It is the means to leverage this data to make informed decisions, mitigate risks, and predict future trends that is important.
Using Big Data in this way can lead to major changes and large scale disruption. The biggest impact will be felt in industries that are traditionally more conservative and resistant to change.