SEPTEMBER 2017CIOAPPLICATIONS.COM8hink about this: an average-sized refinery has about 50,000 sensors teeming with data. A large one? 500,000. Once the cost of computing and sensors plummeted, even aging industrial facilities could claim a seat at the IoT table. In a smart manufacturing facility, thousands of sensors spewdata related to conditions such as temperature, pump speed, vibration, power conditions -- and the list goes on.But is innovation's industrial IoT hitting us with a massive tsunami of data? In the last few years, the rush to stay ahead was all about infrastructure. From wifi to wired machines, connectivity was the golden bridge of getting from old-school manufacturing to industry 4.0. Modernization efforts are no small feat, and many, many companies are still in the thick of it. Some are only just beginning their digital transformation.No matter where you are, there is a big pot of gold waiting for you on the other side. And it's not (big) data. Instead, it's better business.Meaningless data?We all face the weighty question: How do I leverage data to solve operational problems? We know that data can offer valuable insights into the overall "health" of a system. Since data isn't actionable without context, the challenge is to aggregate, contextualize, and analyze all that data in a meaningful, dynamic way. Well beyond traditional static graphics and data charts. The goal is to be able to act quickly.Here is where artificial intelligence (AI)will lead the way. AI will accelerate the value of IoT. In a nutshell, a combined set of AI technical approaches collectively enables more intelligent systems to drive better decision-making -- not in a descriptive way but in a more predictive and prescriptive one. This approach ultimately creates new and unique experiences for our customers. For example, connected buildings generate massive amounts of data. By enabling us to build better energy efficiency models, data from hundreds of smart building scan transform what IN MYVIEWCYRIL PERDUCAT, EXECUTIVE VP, IoT & DIGITAL TRANSFORMATION, SCHNEIDER ELECTRICCAN WE SURVIVE THE IoT DATA TSUNAMI?T
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