How to Transform Your IoT Vision into Reality

Looking at the trajectory growth of the technology, every company despite its size is willing to adopt the technology. However, few enterprises are facing difficulties in handling IoT fairly well.

A survey by Cisco suggests that almost three-quarters of an entire Internet of Things (IoT) projects are unsuccessful due to various reasons listed below:

a) Lack of IoT expertise
b) Lack of IoT resources availability
c) Shoot in the budget of IoT implementation
d) Non-availability of data for IoT

Despite the challenges, one cannot ignore the fact that IoT has been on rising and in demand on a regular basis. A global survey in 2017 stated that almost 81 percent of IT decision makers said they had either begun their IoT journey or are planning to do so in the next 12 months.

Nonetheless, there is 50 percent of decision makers who realized that they were lagging harnessing IoT capabilities in their system, and the other 43 percent said that IoT failure in their enterprise has impacted negatively on the customer satisfaction.

You need to take the support of a reliable IoT application development company with credible experience in developing IoT apps for manufacturers and suppliers in different industry verticals.

This arises big question – How to make IoT vision a reality for enterprises?

While we already 8 billion devices connected, there is prediction by experts which implicates that round about one trillion devices would be connected globally by 2030. This obviously brings the case of going full-fledged with IoT technology in business. We here will figure out the ideas that could refurbish the IoT implementation in your enterprise and fulfil your far-sighted wish.

Already mentioned above, with the assumption of one trillion devices connected by 2030, there are high chances of a huge amount of data associated with each device.  It is essential for enterprises to be equipped with strategies to handle big and smart data. Being pre-equipped with smart data handling would enable businesses to shape the impact of digitization.

This practice usually enables businesses to utilize their smart data and evolve them into valuable information which empowers enterprises with emerging technology solutions. Data has always been the first point of thought whenever a new technology is introduced.

Similarly, with IoT trend and connect devices, it’s extremely important to consider the plethora of data to be managed as well. You have to make sure that your mobile app development company strategically create data models that can provide relevant information when required.

Step 1: Assessment – The first step is to access the current IT/OS infrastructure of the enterprise. It is critical to check the controls, networks, information solutions and security to proceed on the IoT implementation. The assessment would clear the picture of the need for a new IT/Os infrastructure if required or not.

Step 2: Network & Control – Like said, control & networks are a challenge for many organisations as there are humongous volumes of outdated networks & controls in any enterprise. To enable a secured and upgraded networks and controls, the organization builds an OT/IT that serves the purpose to deliver secure and adaptable connectivity from floor operations to decision making business systems.

Step 3: Working Data Capital - the Third step calls to organize all the available data that is required to improve the business processes. The refined OT/IT operation inculcates the data from IoT devices across the business dimensions to deliver performance-based critical information used for real-time decision-making.

Step 4: Analytics – Once data challenges are also sorted, it is now time to see what is the best way to leverage the newly established OT/IT capabilities. Analytics here utilizes the data from WDC and supports in the need for real-time information. This is the phase where ‘data’ is transformed into insightful ‘information’.

Step 5: Collaboration – Last important phase is to maintain the collaboration of various activities in an organization i.e. ensure smooth inflow-outflow through the supply and demand chain, receptiveness to external events, customer activities, business trends, and volatile market conditions. It’s a smart move to be expert in leveraging the operations and sharing the best practices for hand in hand work.

To wrap up the summary, IoT is one trending opportunity for every enterprise that is looking its way up in the market segment. However, at this point in time it does not guarantee any benefits or profits post its implementation. Many businesses have seen a downright failure too.

Nonetheless, this does not prove that IoT is not for everyone. It surely does require understanding the need, involvement of leadership, expert resources, smart implementation and more to turn the vision of IoT into a happening reality. Once the steps or processes are taken seriously, it surely is going to bring disseminated profits to all.

Siya Carla is the Solution Consultant at Finoit Technologies, a leading custom software development company which provides unique web design and mobile app development services. By creating interactive mobile apps for 450+ customers across the globe, Finoit enjoys a great reputation as a prominent Android app development company.