What is the difference between big data and IoT? Part 2

If you saw last week’s installment of this two-part series, we covered the importance of big data and why construction industry professionals should understand it. Here, in Part 2, we’ll discuss the Internet of Things, better known as IoT or Industry 4.0 — what it is, what it means for our field, and how to take full advantage of it.

What is the IoT?

The IoT refers to the growing range of connected devices that send data across the internet. It is a massive network of connected things and people — all of which collect and share data (including big data) about how and where they are used. These devices can be anything from smartphones and wearable fitness trackers to self-driving cars and remote, wireless sensors on rotating industrial equipment, like pumps and motors.

Devices and objects with built-in sensors are connected to an IoT platform, which integrates data from all of the different devices and applies analytics to share the most valuable information with applications that have been built to address specific needs. These powerful IoT platforms can pinpoint which information or data is useful, which can then be used to detect patterns and problems before they occur. 

The insight gained from this form of advanced analytics empowers organizations to make strategic business decisions and streamline processes. IoT has proven especially useful in advancing the construction industry, particularly in the following areas:

  • Machine control
  • Fleet management
  • Site monitoring
  • Wearables and safety

For example, imagine a jobsite where all of the equipment, materials, and employees are connected to each other through a central server that monitors all activity in real-time. This interconnectivity is the future of construction sites, and it’s sure to transform the way firms manage builds. This is the construction site of the future.

Why is the IoT important to the construction industry?

According to IIoT World, having each and every tool, machine, device, and personnel member reporting to one central hub will offer unprecedented insight into the operations of your site. However, all of this potential progress is entirely dependent on the software used to track it. The most advanced general contractors will use software powered by AI and machine learning to receive all of their inputs, analyze them, and output precise project status, allowing them to know the exact amount of materials used, the level of completion on a project, any areas that are behind schedule, and site conditions. Additionally, not only will there be 24/7 access to this information in real time, but the software will proactively take steps to resolve issues without human intervention, thus improving site safety conditions.

How can construction professionals benefit from big data and the IoT?

Command Alkon offers solutions for Heavy Building Materials businesses and the construction industry that create large amounts of data. And selecting the right technology solutions partner, tools, and processes is a key step in optimizing big data and IOT, making them valuable resources for your E&C operations. 

Command Alkon can help your team capture this data, analyze it and utilize it as insightful information so that your business thrives in today’s technology-driven world.

If you missed Part 1, then read it here.

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