8
1 © 2015 The MathWorks, Inc. R&D for an IoT Product: Analysis vs. Analytics Rob Purser Manager of Hardware Integration MATLAB Products

Mathworks case example

  • Upload
    masstlc

  • View
    58

  • Download
    0

Embed Size (px)

Citation preview

Page 1: Mathworks case example

1© 2015 The MathWorks, Inc.

R&D for an IoT Product:Analysis vs. Analytics

Rob Purser

Manager of Hardware Integration

MATLAB Products

Page 2: Mathworks case example

2

Internet of ThingsCase Study

Communication Connectivity

Page 3: Mathworks case example

3

Mapping to theInternet of Things

Page 4: Mathworks case example

4

What Data Analytics is NOT ?

“It would appear, Hopkins, that your gut feel was only indigestion”

Page 5: Mathworks case example

5

Data Analytics

Business critical

What Data Analytics is

Data Analytics uses data to drive decision making It enables organizations to derive insights, drive business actions,

and therefore produce better business outcomes.

Analytics Maturity

Level of Sophistication

Prescriptive

Predictive

Diagnostic

Descriptive

What should happen?

What will happen?

Why did it happen?

What happened?C

om

pe

titi

ve

Ad

va

nta

ge

Data Analysis

Ad Hoc

Lisa Kart, Gartner – Advance Analytics

Page 6: Mathworks case example

6

Analytic Investment Drives ROI

Collect

HistoricalAnalysis

OnlineAnalytics

ROI

Page 7: Mathworks case example

7

Iterative Workflow Developing IoT Systems

Page 8: Mathworks case example

8

Takeaways

Analytics drive ROI on Internet of Things systems Analytic development is an iterative process You won’t know in advance everything to analyze At the start, have a few questions you want answered Take a little more data than you think you’ll need