Skip to main content

Big Data Analytics Apps Transform IoT Operations

As more enterprises embrace the Internet of Things (IoT), we're seeing an increase in demand for analytics apps that can extract insight and meaning from sources of big data. Vendors are now busy identifying opportunities for software and professional services to assist buyers with their transformation projects.

According to the latest market study by Technology Business Research (TBR), 57 percent of analytics software customers in IT departments believe analytics adoption 'significantly' or 'very significantly' changed their internal operations and their relationships with lines of business (LOB) leaders.

Additionally, 28 percent of surveyed IT buyers reported a moderately significant impact.

Big Data Analytics Software Market Development

"IT and LOB decision makers play important roles in analytics purchasing and implementation," said Andrew Smith, software analyst at TBR.

However, the unique demands of IoT require organizational and operational changes to ensure the success of customer analytics implementation, and for IT organizations to effectively train others to apply analytics solutions in their day-to-day business activities.

TBR research found the top three IT operational pain points related to analytics adoption were:

  • Re-engineering of internal IT processes and workflows using data and insights. 
  • Training end users on how to utilize new analytics applications or practices.
  • Determining which analytics tools, platforms or software applications would best suit the organization’s needs, prior to purchase.

At least 70 percent of respondents reported being at least moderately likely to use professional services to help execute operational transformation -- highlighting the significant vendor opportunity created by analytics-driven upheaval in IT.

Impact of Analytics on Digital Transformation

TBR believes that analytics adoption changed the way that many IT departments already make decisions, organize themselves, and manage purchasing and implementation of digital transformation solutions.

According to the TBR assessment, as new waves of organizational change and business process re-engineering directly impact mainstream IT leaders, the savvy vendors with skilled and experienced professional services talent will benefit in the near term.

During the worldwide market study, TBR analyzed survey data of 178 analytics software and professional services buyers who identified their department as the IT organization.

Popular posts from this blog

Global EV Charging Revenue to Exceed $300B

During 2022, fuel prices increased very quickly, partly due to a number of macroeconomic reasons. In fact, the effects of the global COVID-19 pandemic are still impacting fuel prices, with many oil refineries having reduced capacity due to a prior fall in demand. Those significant events and other trends have created a demand for a growing variety of Electric Vehicles (EVs). While EVs have existed for decades, they really became a viable option for more consumers during the past five years. However, although EVs are suitable for some buyer needs, their usability is constrained by the current availability of battery charging infrastructure. EV Charging Market Development According to the latest worldwide market study by Juniper Research, revenue from electric vehicle charging will exceed $300 billion globally by 2027 -- that's up from $66 billion in 2023. Regardless, the Juniper analysis found that fragmentation in battery charging networks is restricting further EV adoption in some

Human Resource Transformation Enabled by IT

Many senior executives are taking a proactive approach to digital business transformation in order to achieve their strategic goals. Delivering revenue growth and profitability is now imperative for every function, including Human Resources (HR). The top 3 priority HR technologies this year are skills management, learning experience platforms, and internal talent marketplaces, according to the latest worldwide market study by Gartner. "With a tumultuous global economy, HR technology leaders face a balancing act in 2023," said Sam Grinter, director at Gartner . "Leaders must anticipate greater levels of accountability and demand for measurable outcomes to justify new technology investments." HR Transformation Market Development Forty-four percent of HR leaders report driving better business outcomes is their number one strategic priority for HR technology transformation over the next three years. Growth in headcount and skills (26 percent) and cost optimization (17 p

How Savvy Pioneers Lead the Future of Work

Hybrid and fully remote work are inevitable in the Global Networked Economy where high-performance talent demands flexibility from employers. To enable these progressive work models, organizations are investing in a wide range of technologies to support more agile types of employment.  According to the latest worldwide market study by International Data Corporation (IDC), leading organizations will spend nearly $1 billion on the Future of Work (FoW) in 2023 -- that's an increase of 18.8 percent over 2022. Future of Work Market Development "Work models continue to evolve, but 37 percent of decision-makers in a recent global survey note that Remote and Hybrid work models will be an embedded part of accepted work practices, supported by a continued shift to the cloud, increasingly instrumented and interconnected physical workplaces, and intelligent digital workspaces," said Holly Muscolino, group vice president at IDC . According to the IDC assessment, organizations must mak