What is the importance of data growth in IoT?

The rapid expansion of data increases the volume of insights that can be extracted, enabling new business outcomes and opportunities. For example, on rotating machines (huge numbers of these exist), local sensors can monitor machine sounds to:
1.Detect early stages of failure before a breakdown occurs,
2.Show that a device is performing well, or
3.Indicate that a next-scheduled maintenance can be cancelled.
Rotating machines become the foundation of a huge set of use cases. There are so many types of rotating machines, including where every electric motor in the world is found!