6 Factors to Determine the Success of Your IoT Project
- by 7wData
The emergence of IoT has led to work smarter and revolutionizing the way employees work and interact with others. Workplaces are getting smarter; employees are being more productive and potential for smart workplace scheduling is evolving.
According to a recent survey by Cisco, deployment of IoT is stalled 60% of the time while only 26% of respondents consider their deployment successful.
When it comes to deployment of IoT, a number of factors decide the fate of the project. Either you win or you lose, however, the poor implementation would lead you to lose money and time.
How can developers implement a successful IoT project to avoid any loss is the biggest question? Let us have a look at how IoT can be deployed successfully without losing money and wasting time.
Before deploying IoT, it is necessary to have a strategic plan to lead your project to success. At this stage, you have to identify your goals, success metrics, business process evaluation and technical inventory. Moreover, you must also have a strong team of qualified experts to assess the opportunities and threats before deploying Internet of things.
In a recent Bain and Co. IoT study conducted with over 90% of executives said that “their organization is currently in the state of planning and proof of concept stage”.
No matter how longer you to have to spend on your research and plans, it will ultimately lead to reducing the failure rate.
Enterprise IoT Solution is not like an application that can be started instantly as the idea comes to mind. The deployment of IoT requires allocation of equipment and machinery from the present inventory of devices.
Keeping in view your business goals and expected results, you may have to collaborate with OEM to source bridges, sensors, adapters, actuators and other hardware. After the above step, the organization would have assigned everything that takes to onboard physical devices to the connected platforms.
IoT projects will affect the overall process in your organization.
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