To quickly kick off a virtuous cycle of cost savings, revenue
increases, and higher profits that can prompt a doubledigit increase in top and bottom lines, companies should
develop a joint IoT-AR strategy, rather than think about
these technologies piecemeal. This report includes a downloadable IoT-AR app that illustrates how companies can
capture these benefits.
Why AR Goes Hand in Hand with IoT
Almost unnoticed, the number of IoT-connected devices
rose from about 6 billion in 2016 to 11 billion by 2018,
possibly reaching 20 billion in 2020, according to Gartner.
That increase has resulted in a veritable Big Bang of data.
Cisco Systems and IDC estimated the volume of IoTgenerated data to be about 22 zettabytes (or 22 trillion
gigabytes) in 2016. That volume more than doubled to
52 zettabytes by 2019, and it is projected to reach 85 zettabytes by 2021.
However, data volumes are rising so quickly that many corporations are unable to use all the data they collect. Huge
volumes result in slow processing times, and as a result, the
data becomes stuck in data lakes. Moreover, the data sets
lack a coherent sequence, and the databases have too many
sources to synthesize. Consequently, many companies are
finding it difficult to generate data-based insights that employees can use at the right time and in the right place.
The other, oft-overlooked challenge to effectively using big
data is the standard visualization tools; they aren’t always
effective at depicting data from many sources. Yet, most
people need to see data in a visual form to understand it
quickly.