Yet, despite this continuing growth, a study by Beecham Research found that only 12 percent of companies classify their IoT projects as totally successful. Given this poor performance, it appears that organisations are still unsure what contributes to IoT success.
What contributes to IoT success?
As with any IT project, every IoT deployment must address a clear business requirement with demonstratable return on investment (ROI). Success depends on good planning, with a clear specification, and effective project management, including in the rollout and adoption of the solution.
However, there are a few specific aspects which must be considered as part of an IoT project which will contribute decisively to its success.
#1. Start with scalability in mind from day one
Successful IoT projects don’t need massive early investment. You can ensure good ROI by starting small and iterating. However, this requires you to consider scalability from day one. You need to know you can expand and scale up as ROI is proven.
#2. Uninterrupted connectivity
Not all IoT projects require uninterrupted 24/7 365 connectivity. However, those that do – such as connected medical devices and critical infrastructure – cannot endure a service disruption.
In these use cases, you need to build network redundancy so you never lose connectivity. Working with two or more providers, with multiple types of connectivity helps to ensure you have a backup if your primary connection fails.
#3. Low latency
For use cases in which real-time data is paramount – such as industrial and infrastructure applications – latency is another vital element of success. Good connectivity, distributed architecture, and edge computing capabilities can help address issues of latency; the solution should be tailored to the specific project requirements.
