Smart organizations are using the power of data science and data produced by embedded sensors and machine devices to better measure performance, discover patterns, prevent problems, and improve operations and processes.
Sensors and devices (Internet of Things) are starting to be embedded in many physical and biological things to collect data allowing organizations to better measure and improve performance. With sensors everywhere - from our smart-phones, body-fitness devices and cars to home climate systems, appliances, roads and medical equipment - opportunities to collect data are endless.
Combined with data science techniques - including predictive and prescriptive analytics, machine learning and algorithms - organizations can make better decisions on the operational level, innovate new products and services on the tactical level, and make game changing shifts on the strategic level. This is already positively impacting many businesses, healthcare, city planning, public transportation, crime prevention and power utilization.