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Maximising IoT Data value in the digital age: Top tech experts share strategies at exclusive roundtable
- Businesses are under immense pressure to innovate and adapt, and the ability to build applications that are scalable, responsive and handle real-time data is essential for survival today.
- Experts shared strategies at an exclusive roundtable on 'Internet of Things (IoT) for the Digitally Connected World: Understanding How to Maximize Value Out of IoT', hosted by Volt Active Data in partnership with YourStory Media.
- IoT technology enables systems, devices, and applications to connect and share data in real-time but challenges of speed, reliability, and scalability exist.
- The pivotal role of edge computing in IoT ecosystems and how edge devices are transforming industries with imaging tech was highlighted.
- Discussions spanned various sectors, including Retail Operational Efficiency, Better customer experience, Sustainability, Energy Management Smart Cities and other digitally connected use cases.
- The importance of edge computing in IoT adoption was highlighted to reduce latency and enhance security. The retail industry is leveraging IoT tech to provide hyper-personalised offers and real-time ads.
- Experts discussed IoT vulnerabilities regarding interconnected devices and the constant threat of cyberattacks and underscored the need for proactive solutions to safeguard data.
- The roundtable discussed the evolution of data platforms and their role in IoT ecosystems. Modern, low-latency platforms are essential for scalability and efficiency in IoT applications in areas like smart cities, traffic management, and the energy sector.
- Information flow and consumer awareness were highlighted as significant drivers of IoT adoption, and collaboration between technology providers, industry leaders, and regulators will be crucial to unlock the full value of IoT.
- The transformative potential of IoT in driving innovation and solving real-world challenges was reinforced by the roundtable discussion.
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