The energy business can no longer be differentiated by simply applying more improvements via mechanical engineering and physics. The next wave of innovation will be driven by sensors and data – in other words, the Internet of Things.
Sourced through Scoop.it from: www.pennenergy.com
IoT analytics can help. Today’s IoT data can be analyzed at near real-time speeds due, in part, to the growth of complex event processing systems. In fact, one could argue that the effective use of IoT will be a key differentiator for the winners in this next phase of growth in the renewable energy sector. The author believes there are at least four growth areas of IoT analytics use in this vertical:
- Big data, fast data and more analytics
- Horizontal integration and vertical application
- Integration of advanced analytics and machine learning