Book Image

Analytics for the Internet of Things (IoT)

By : Andrew Minteer
5 (1)
Book Image

Analytics for the Internet of Things (IoT)

5 (1)
By: Andrew Minteer

Overview of this book

We start with the perplexing task of extracting value from huge amounts of barely intelligible data. The data takes a convoluted route just to be on the servers for analysis, but insights can emerge through visualization and statistical modeling techniques. You will learn to extract value from IoT big data using multiple analytic techniques. Next we review how IoT devices generate data and how the information travels over networks. You’ll get to know strategies to collect and store the data to optimize the potential for analytics, and strategies to handle data quality concerns. Cloud resources are a great match for IoT analytics, so Amazon Web Services, Microsoft Azure, and PTC ThingWorx are reviewed in detail next. Geospatial analytics is then introduced as a way to leverage location information. Combining IoT data with environmental data is also discussed as a way to enhance predictive capability. We’ll also review the economics of IoT analytics and you’ll discover ways to optimize business value. By the end of the book, you’ll know how to handle scale for both data storage and analytics, how Apache Spark can be leveraged to handle scalability, and how R and Python can be used for analytic modeling.
Table of Contents (20 chapters)
Title Page
Credits
About the Author
About the Reviewer
www.PacktPub.com
Customer Feedback
Preface

The economics of cloud computing and open source


At first glance, it may seem like cloud computing should be valued in the same way as on-premises systems. It may also seem that open source solutions always make the most sense as there are no license fees. It is free, right?

We will walk through some ways to think about valuing cloud computing and open source software for IoT analytics. Like most things, it is more complicated than it seems at first.

Variable versus fixed costs

Variable costs expand and contract with the amount of usage. Examples are automotive production parts for assembling vehicles, fuel in transportation, and cloud services. Fixed costs are constant no matter the amount of usage needed. Examples are data centers, rack servers, and equipment (or cloud environment) management.

In a traditional business case, fixed costs are assumed to continue until they are able to be sold at some anticipated amount. This rarely occurs in a short period of time. Variable costs are assumed...