This product is targeted at actual users of "IoT", think remote monitoring in remote locations. Not "smart microwave" style IoT.
Not sure there is any automatic solution for compression here. If you know your own use case you are in the best position to choose where to sacrifice accuracy with a lossy compression scheme. But this relies on understanding of the accuracy of the input data, possible ranges of values, importance of accuracy in different fields etc. Not sure how an automated algorithm could take these real world constraints into account.
A clever compression algo can't help you if you try compress 4 doubles, but in reality you only needed byte precision on some fixed 0-100% range.
Not sure there is any automatic solution for compression here. If you know your own use case you are in the best position to choose where to sacrifice accuracy with a lossy compression scheme. But this relies on understanding of the accuracy of the input data, possible ranges of values, importance of accuracy in different fields etc. Not sure how an automated algorithm could take these real world constraints into account.
A clever compression algo can't help you if you try compress 4 doubles, but in reality you only needed byte precision on some fixed 0-100% range.