When Projects Snatch Defeat From The Jaws Of Victory
The Internet of Things is a technology that is catching the imaginations of executives and entrepreneurs everywhere, and as many as 81 percent of those that attempt to create IoT solutions, do so from scratch, according to a recent survey. Perhaps the driving force behind this DIY IoT is the pressure to keep up with the competition, and these hasty plans often lead to disappointment and failure.
When you dive into something so new and undeveloped as the IoT, you risk pouring money into any number of unknown black holes. The following five traps are the top reasons that businesses that choose to DIY the IoT fail to achieve satisfactory outcomes.
The Five Top Reasons DIY IoT Projects Fail
Delayed time to market – With the arrival of the IoT, the technical basis for development has changed and that means that you need new solutions for security, UX, data management, and infrastructure. The technical challenges that stem from these issues result in delays and increased costs, which ultimately lead to lost profitability.
Data that is not actionable – Data management systems have to optimize the torrent of unstructured data that will flow in from connected devices. The IoT means six times as much data compared to previous data systems. Common problems include the inability to tie the flood of contextual and sensor data into a coherent information structure. This failure to map data to the system of record undermines the value of collecting the data in the first place.
Security Issues – The equipment for IoT is still in its early stages of development, and much of the infrastructure does not yet have adequate protection built into it. When you create a DIY IoT system, you have to be aware of the security gaps and protect your system from vulnerabilities. Failing to secure your IoT connections will put your assets at risk of being hacked and corrupted by malicious outside forces.
Poor Scalability – Just because a project works as an app in testing does not mean that when users pile in it will cope. The symptoms include data bottlenecks, spiraling cost increases and dropping service levels. Chasing scalability will cause false starts, rising costs, and the delays in time to market mentioned above.
Proprietary Obligations – If you build it and promise to support it, your customers expect you to honor your service agreement. That entraps you to continue delivering costly and inefficient services long after they become obsolete. The most diabolical aspect is that, as you watch standards improve, and costs diminish elsewhere, you will have to maintain a team to support an expensive non-standard system, with no base of talent to draw upon from outside of your company.
Connected Product Management Solutions From The Experts
The DIY option is unnecessary; the Internet of Things now has infrastructure platforms that have been proven by testing and live operation. The answer to the problem of DIY IoT disasters is to use the support of a connected product management (CPM) platform (e.g. Xively) and focus on your core business.
Adopting a CPM platform will get products to market faster and at higher returns on investment. Your CPM platform will capture data and integrate it into your enterprise system; it will do so securely, and scale to support your customer base as it grows. Finally, your standardized CPM platform will save you from the burden of managing technology in isolation.
The Internet of Things will become an area of specialization, distinct from other IT specialties and not something that developers can DIY in any economically meaningful way. When you turn to the market for proven solutions, your IoT project is much more likely to deliver profitable results for your business.