Ilya Katsov on IoT analytics platform adoption
From What is an IoT Analytics Platform? | #AskIoT | Grid Dynamic's Ilya Katsov · · IoT For All
“For small to medium companies with few facilities and devices, a good strategy is to start with data collection and exploratory data analysis, gradually building basic analytics and predictive models to improve operational decisions. However, for large manufacturers, collecting all possible data is not feasible, so a use case driven approach is better, identifying priority use cases, prototyping, and then building a complete platform to productize solutions.”
On , Ilya Katsov, Chief Technology Officer of Americas at GRID DYNAMICS HOLDGS INC, spoke about IoT analytics platform adoption during What is an IoT Analytics Platform? | #AskIoT | Grid Dynamic's Ilya Katsov on IoT For All.
About Ilya Katsov
In a September 2023 episode of the Ask IoT video series, Ilya Katsov, then VP of Technology at Grid Dynamics, discussed the design and management of IoT analytics platforms for industrial applications. He described an IoT analytics platform as an extended version of a general-purpose analytics platform that must also handle specialized data collection from sensors, edge deployment, and services for predictive maintenance. Katsov noted that industrial IoT introduces challenges such as connecting to multiple facilities operated by different third parties across countries, requiring significant design decisions for global integrations and security. Katsov advised that for large manufacturers, a use-case-driven approach is preferable to collecting all possible data, as the latter is not feasible at scale. He recommended identifying priority use cases, prototyping, and then building a complete platform to productize solutions. He also emphasized the importance of high data quality and proper understanding of data semantics, particularly in IoT where connectivity issues can invalidate downstream analysis. Katsov mentioned that automated quality control and dynamic process control are growing use cases in the industrial space, and he suggested building solutions using cloud-native services from hyperscalers rather than relying on third-party IoT platforms with limited capabilities.