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Wurth - 8 Industry Experts Discuss Trends in the Internet of Things

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Access to scalable data storage is crucial because I often have no clue how much data I really need to store. A gig? A terabyte? What will my data storage requirements be five years from now? The cloud offers a very high degree of flexibility that lets customers not have to worry about these problems." Oliver Opitz VP, Wireless Connectivity and Sensors, Würth Elektronik eiSos Even further, the value of data lies in their inherent flexibility to be applied in multiple contexts. Unlike physical assets, which often have a single use or limited set of uses, data can be analyzed, manipulated, and applied in various ways to serve different objectives. For example, machine behavioral data initially gathered for predictive maintenance can be repurposed to optimize energy consumption or improve operational efficiency. This adaptability of data allows businesses to be agile, enabling them to pivot and innovate in multiple operational areas, without collecting additional data. While access to data is invaluable, a real challenge with data management in the IoT is the extreme difficulty in knowing how much data will be needed and how to store it. Companies do not want to invest in the data storage infrastructure necessary to host their data, especially if they're uncertain about what data they're storing and how much storage they'll need. Cloud connectivity offers a solution to this problem by storing data in a centralized, off-site C h a p t e r 2 | D a t a a n d C l o u d C o n n e c t i v i t y 11 8 Industry Experts Discuss Trends in the Internet of Things

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