The connected word is creating more and more opportunities for analytics and knowledge modeling applications.
While most of the attention is given to mobile devices, there are many other areas that are making quite some nice progress.
According to a new study by research firm Analysis Mason Machine-to-machine (M2M) connections will grow to 2.1 billion by 2021, up from roughly 100 million last year.
Some of the newer M2M examples in wired and Wireless sensors and devices connectivity include vending machines, parking meters, home security systems, electric, gas and water meters, and healthcare devices.
Obviously we have already passed the first stage; the connectivity. From now on it is all about making sense and use of available data.
The report provides an example where applied knowledge models have helped cities with 40% boost in their revenue stream by dynamically adjusting parking meter rates based on events and situations!
Of course these days everything is getting labeled under Big Data umbrella!
But in many M2M cases the amount of transferred data is really not that high. So regardless of buzzwords the key focus should be how to create reusable knowledge models for making sense and benefiting from available data!