Photo by Franki Chamaki on Unsplash

Big Data and the Internet of Things (IoT) are two terms that are closely intertwined. Although not the same, it’s hard to talk about one without the other. The future of technology lies in the hands of data and its analysis. With each passing day, more objects and devices are getting connected to the internet.

Our objective is to harness this data to discover trends and results that can improve our lifestyle and help any business with a positive impact.

The characterizations of IoT

IoT is a fast-growing constellation of Internet-Connected sensors attached to a wide variety of ‘things’. Sensors can take a multitude of possible measurements, internet connections can be wired or wireless, while ‘things’ can be any object to which you can attach or embed a sensor. For example, if you carry a smartphone, you become a multi-sensor IoT ‘thing’, and many of your day-to-day activities can be tracked, analyzed and acted upon.

What about Big Data?

Big Data, on the other hand, is characterized by ‘four Vs’: volume, variety, velocity and veracity. That is, Big Data comes in large amounts (volume), is a mixture of structured and unstructured information (variety), arrives at (often real-time) speed (velocity) and can be of uncertain provenance (veracity).

Soon, IoT will touch each and every facet of our lives: smart homes, manufacturing, transportation, and consumer goods like wearables, smartphones and more. A study by Gartner reveals that the revenue generated from IoT-enabled services and products will exceed $300 billion by 2020. The data from IoT devices lies in Big Data and this information is measured against it.

There is going to be a vast amount of data that IoT will generate, and in today’s world, well-analyzed data is extremely valuable.

The impact of this will be felt all over the Big Data universe which, in turn, will force companies to quickly upgrade their current processes, tools, and technology to accommodate massive data volumes and take advantage of insights that will be delivered by Big Data.

Currently, extracting and managing value from IoT is a big challenge that companies face. One of the most important aspects will be to analyze it incoming Big Data and translating it into action.

Connecting these two disparate technologies into one single unit to deliver secured and the desired result can be done by integrating blockchain — the distributed ledger best known for cryptocurrency — into your company’s platform.

At Arloid, we understood the immense power of Big Data and the relationship it shares with IoT. That’s why we want to develop our own decentralized IoT Ecosystem. Our IoT Ecoystem will consist of thousands of IoT devices that will generate massive amounts of data, which could be utilized and monetized.

Trust is a very important tool; the idea of trust shouldn’t depend on an individual or an organization, but rather on an associated network of people. Adding more value to users of IoT devices, our IoT Ecosystem will compile data from each device connected to the ecosystem and sells it directly to outlined partners. Only predefined and anonymized data is shared; personal information stored on the platform can only be accessed using inbuilt ID security feature.

We at Arloid believe that the fusion between Big Data and IoT can result in positive impacts in the next-generation of our development in smart cities, national planning and forecasting of our future activities and investments. Big Data and IoT fusion can help high-tech sectors such as weather forecasting, space technology and biotechnology to enable thousands of simulations to be completed in seconds.