As the scope of the Internet of Things continues to expand to include everything from smartwatches to smart cities, more tech companies are considering both public-facing and internal IoT projects. The IoT certainly has enormous potential, with both industrial applications—such as supply chain management and crop monitoring—and consumer uses—such as voice assistants and home automation systems. Further, for businesses, the sheer volume of real-time data that can be collected is a significant lure.
However, developing a new product for the IoT realm comes with challenges that developers must be clear about before beginning. Without a clear use case and plan for the collected data, companies may be spending R&D dollars on a project destined to fail. Further, IoT projects face the same challenges as any new tech, including cybersecurity, compliance and user adoption. So how can companies improve their odds of success? Below, 15 industry experts fromshare strategies for ensuring your IoT project comes to fruition.
1. Determine The Scope Of The Challenge Before Beginning
A key challenge of IoT is the sheer amount of data created, in many cases without any clear way to make sense of it, develop actionable insights and get it to those who need it most. Before embarking on your project, it’s important to understand the scope of the challenge you need to address so you can develop the right data model to capture and share data and then operationalize it across the organization. –,
2. Start Small
Start small, with a use case that has the most benefit for your customer. There is unlimited potential when it comes to the IoT, and you will discover more as you collect more data and see the trends and patterns in it, which can unlock more opportunities. Don’t try to solve everything at once. Taking an iterative approach with the most beneficial use case being the minimum viable product is the way to go. –,