6 Factors to Determine the Success of Your IoT Project

6 Factors to Determine the Success of Your IoT Project

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.

Share it:
Share it:

[Social9_Share class=”s9-widget-wrapper”]

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

You Might Be Interested In

Data Security: How to move to a data-centric approach

15 Aug, 2020

Take a moment and think about some of the changes in computing over the last decade. The iPad debuted in …

Read more

Leaders Need A Digital-First Mindset To Succeed. Here’s Why.

10 Jul, 2021

Digital transformation, like time itself, cannot be measured in absolute terms. The definition of true transformation varies by industry and …

Read more

Making Customer Feedback More Actionable with Artificial Intelligence (AI)

15 Nov, 2020

Artificial Intelligence (AI) is essentially a technique used to enable computers to ‘mimic’ human behaviour. Some even see it as …

Read more

Recent Jobs

Senior Cloud Engineer (AWS, Snowflake)

Remote (United States (Nationwide))

9 May, 2024

Read More

IT Engineer

Washington D.C., DC, USA

1 May, 2024

Read More

Data Engineer

Washington D.C., DC, USA

1 May, 2024

Read More

Applications Developer

Washington D.C., DC, USA

1 May, 2024

Read More

Do You Want to Share Your Story?

Bring your insights on Data, Visualization, Innovation or Business Agility to our community. Let them learn from your experience.

Get the 3 STEPS

To Drive Analytics Adoption
And manage change

3-steps-to-drive-analytics-adoption

Get Access to Event Discounts

Switch your 7wData account from Subscriber to Event Discount Member by clicking the button below and get access to event discounts. Learn & Grow together with us in a more profitable way!

Get Access to Event Discounts

Create a 7wData account and get access to event discounts. Learn & Grow together with us in a more profitable way!

Don't miss Out!

Stay in touch and receive in depth articles, guides, news & commentary of all things data.