In the world of smart homes, buildings and cities, we collect far more data than we use. Considerable time and effort is spent designing computer programs that sift through this mass of data to find useful nuggets of information that allow us to develop actionable intelligence. Then we spend significant amounts of money creating storage capacity to store all the raw data. Wouldn’t it be better to focus on reducing this data at the source, filtering out unwanted information before it begins to slow down and add costs to the process? No, according to many experts, including Hank Weghorst, Chief Technology Officer at Avention: “Data is currency, and it has tremendous value beyond its initial application. Even the seemingly unusable or unimportant by-product data your company stores – often known as data exhaust – can have significant value, if you know what to do with it”. There are innumerable ways to analyze the same data […]