Most people are so amused by Internet of Things. Well, in fact they are not really getting the Internet of Things, but the solutions Internet of things gave them. Internet of Things gives almost all the solution everyone is looking for. This makes everybody is sure to get them.
The Internet of Things (IoT) landscape is littered with startups. The challenge for any company in the Internet of Things (IoT) market is to define what problem it can solve and how much of the overall problem it can reasonably solve. While it might be necessary for a single vendor to provide and service an end to end solution, the vendor that supplies it frequently can’t develop all of the components by themselves. Most IoT solutions require an ecosystem of partners.
For startup who are going to get in this Internet of Things stuff, here are 5 valuable lessons that they should do before getting into Internet of Things based on Maribel Lopez on Forbes:
1. Find a specific problems
While there’s value in being a platform company, it’s important to have a specific use case that a customer can understand and purchase today.
2. Define an edge processing strategy
Companies need to build a strategy for when to analyse data at the edge and when it needs to be returned to headquarters. Originally, many firms planned to instrument devices with sensors, gather that device data, and send everything back to the cloud for processing. The problem with this strategy is that working in the physical world requires you to perform at least a certain amount of processing at the edge for various reasons.
3. Look for solutions that can do correlation and analytics
One of the ways that IoT is different today is that the user experience, while not seamless, is much easier than it had been in the past. For example, an employee may have had access to equipment alerts before but the volume was overwhelming and it wasn’t easy to understand alerts or customize when you could be alerted. Today’s IoT solutions can make data access simpler, easier to consume and act upon.
4. Make sure the solutions focuses on preserving battery
Building a robust IoT solution requires designing the right flexibility and analytics into the software. This will allow customers to get multiple use cases from one from one sensor type and will allow even more use cases as the number of sensors scale.
5. Develop a broader mindset for IoT security
A company should know if the network, the hardware and the person accessing the data are trusted. Also given the rapidly changing threat landscape, IoT solutions needs to be upgradable in the field to prevent future threats.
Companies should be evaluating how this new information can be integrated into existing applications or if processes need to be rewritten with new data in mind. As companies look to mobile-enable existing applications and purchase Software as a Service (SaaS) applications, there’s also an opportunity to consider how these new IoT data streams at value or changes application requirements.