The use of IoT in various application domains will only be effective if those applications can extract some business value from the data generated and collected by IoT devices. In this context, analysis of IoT data is essential in IoT solutions. Gartner identified IoT analytics as one of the two top technologies used in IoT.
IoT analytics is the application of data analysis tools and procedures to unlocking insights from the huge volumes of data generated by IoT devices in different ways. IoT analytics is essential for extracting insights from the data generated by IoT devices or things. More specifically, IoT business models analyze the information generated and collected by things in many ways – for example, to understand customer behavior, to deliver services, to improve products and services, and to identify and intercept business...
