The Internet of Things (IoT) is a network of physical devices, vehicles, and buildings that are embedded with electronics, software, sensors, and network connectivity to enable them to collect and exchange data. The IoT is expected to grow from $735 billion in 2020 to $1.6 trillion by 2025. This rapid growth has created enormous amounts of data from various sources within the IoT ecosystem. As the volume and velocity of data generated increases exponentially every day, organizations need to develop new ways to extract insights in order to gain competitive advantage over their competitors or improve their customer experiences.