Use Machine Learning to boost IoT efficacy says Forrester

Use Machine Learning to boost IoT efficacy says Forrester. A new report from Forrester, "Put Data to Work in the Industrial Internet of Things" advises CIOs to leverage machine learning to turn the tsunami of data obtained in Internet of Things (IoT) deployments into actionable insights. Successful companies in the industrial sector that are doing this are not only predicting problems and opportunities before they occur but are also developing new revenue streams during their digital transformation. Large volumes of data are required to train and then exploit machine learning algorithms, and fortunately, that data is now easily accessible, especially as IoT gains traction in industries. Machine learning is becoming a powerful tool in efforts to win, serve, and retain customers.