IoT Projects: Every day the prospects for growth in business volume related to IoT technologies grow.
The numbers are staggering: Business Insider predicts that business spending on IoT solutions will reach $ 6 billion in 2021. IDC estimates that IoT spending will grow by 13.6% annually between 2017 and 2022, which means an expense of USD 1.2 trillion by 2022, and so many publications.
The big technology companies have this data in mind and are betting on it. In addition to considering the reports of business figures, it does not hurt to make the consultation of interest of technologies in the network. Thus, if we search IoT in Google Trends, we find that IoT regions that lead to technological development lead the way. That bodes well for business prosperity in this regard.
5 Key Steps to Successfully Apply IoT Projects in your Company
IoT Interests Me: How do I Start?
Once we are clear about the interest of the IoT if we want to apply it in our company, how should we act? The most important thing is to be accompanied by a reference in projects of this technology, that is, go hand in hand with a company that can help in the different alternatives that exist on the way to the incorporation of IoT in a process. Roughly speaking, the steps to follow are guided by the answers to the following questions:
Step1: What do I want to achieve with IoT?
The first thing is to be clear about the objectives pursued with the incorporation of IoT devices into your process/company. It is vital to set clear and realistic objectives. You can’t presume to change everything at once or double its profits in the first year. The clear determination of the objectives is related to a good technology consulting session that can, after knowing the process to be improved, offer the technological alternatives that can be provided.
Step 2: I already know what I want, what data can I collect? What things can I connect?
Here it is necessary to analyze the process to improve in detail to decide which sensors can give more value. And another equally important thing: which communication networks are usable to “connect” them to each other. Depending on the requirements, you can choose the Lora, Nb-IoT, Sigfo network … It is also possible to consider sensors’ design as they transfer information via MQTT, API-REST, for example, or use standard industrial communications OPC UA, Modbus, etc.
Step 3: Now that I have data, where do I save it?
The next step would be to select the platform. Here the first thing to decide is whether you want to host the On-Premise data or go to the On-Cloud option. If we opt for the cloud, we must determine if we want a private, hybrid cloud, etc. Today, a large number of platforms allow data to be collected from different protocols and stored. Depending on the use case and needs, that decision will be made.
Step 4: I am already collecting a lot of data, now what can I do with it?
Here we also have to decide how to use data intelligence. On the one hand, it can only be useful to stay in a descriptive report that from the data we have tells us, “what has happened.” On the other hand, we can also go to diagnostic algorithms that tell us “why it happened.” And at a more advanced level, it could give us predictive information telling us “what do you think will happen,” or already reached the highest level of intelligence in which the algorithms give us a recommendation for actions of “what should we do.”
Step 5: Functional exploitation of the data obtained with the sensors
This requires a careful presentation of the process information to the user. If the user interface is not friendly and usable, the complete solution will not satisfactorily meet the ideal objectives expected by the user. For this reason, a good selection of the dashboards to use that allow the management of data in an agile and orderly manner becomes very important.
The success of integrating a complete IoT solution into a company depends on the success of each of the elements that complete it. In an ecosystem as large as that formed by the different aspects of an IoT project. And, it is especially important to have companies that have sufficient technological solvency in each part of the project.
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