Transforming IoT Data into Actionable Insights

 

The Internet of Things can seem as nebulous as the individual pieces of data that embody it, but Atlanta-based ThingTech is looking to highlight interconnected technologies of the modern business world as it kicks off this inaugural episode of the Enterprise Asset Intelligence Podcast. Host Daniel Litwin sat down with Tim Quinn, CEO and co-founder of ThingTech to discuss ways that business owners can roll out practical, pragmatic IoT solutions for business big and small.

What’s helpful to remember about introducing IoT within a business is that it’s often a journey, not a destination, like many other emerging technology rollouts.

“This is about how to start that digital transformation journey,” Quinn said.

In his 25 years in the industry, Quinn has seen IoT vastly impact the efficiency of companies, regardless of the industry.

“Whether it’s IT or IoT, it still puts out ROI,” he said, pointing to a 46 percent improvement in asset utilization and reliability.

But the challenge comes with analyzing data from multiple systems, he said. “Data is only data until it’s analyzed or processed,” Quinn said. “So capturing the data is one thing, transforming that into action is another.”

In future episodes of the podcast, Quinn will discuss ways that actionable data solves real-world operational problems, including deep vertical business application around asset management, maintenance, inspection, and capital planning.

“I think we’ll show that IoT doesn’t have to be overly complex and engineered,” he said. “It can be streamlined to be less scary.”

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