IoT Revolution Drives Agencies to Big Data Analytics in the Cloud
Federal government agencies are adrift in a digital sea of big data. To stay afloat, these agencies need to gather, store, manage, process, analyze and use the massive amounts of data they collect every day from a variety of sources.
We have found that agencies that leverage cloud computing and big data analytics platforms can meet their IT infrastructure needs more efficiently and save money in the process.
The push for government agencies to move to cloud-based big data analytics is also being driven by the Internet of Things (IoT)— the ever-expanding network of physical “things” that can connect to the Internet along with the information they transfer without requiring human interaction.
As more federal agencies adopt IoT tools, they’ll need a managed cloud platform that lets them connect devices easily so they can securely interact with cloud applications and other devices.
For example, to respond to rapidly changing market dynamics, the Financial Industry Regulatory Authority (FINRA), one of the largest independent securities regulators in the United States, has moved its platform to AWS. The reason: so FINRA can analyze and store approximately 30 billion daily market events it receives from exchanges and U.S. firms. With that data, FINRA creates an overall picture of financial markets, highlighting any wrongdoing.