3 Factors to consider before you begin to implement IoT strategy
Posted on November 27, 2017
The image of a connected car or autonomous surgery is likely to flash before our eyes, when we think of Internet of Things (IoT). Beyond these instances, the technology promises to truly transform the way we do business.
Globally, nearly 20.8 billion devices are likely to be connected by 2020, according to the research firm, Gartner. With our overall infrastructure maturity and the size of digitally-aware skills base, it is not surprising that Australia is APAC’s fourth most ‘IoT ready country,’.
There are innumerable ways in which businesses will be able to leverage the technology. IoT is already transforming how companies track and manage their inventory. Smart devices are allowing for automatic control over inventories, freeing up workforces to attend to more critical tasks.
And it’s only just beginning.
Experts predict that just three years from now, IoT will become mainstream, opening up new and exciting opportunities for enterprises in all verticals. So are you prepared for it?
Before you finally decide to take the IoT plunge, it is important to consider the below factors to help you to maximise your investments in the field...
Do you need a separate network to handle internet-enabled ‘things’?
More connected devices mean that your current network might not be able to meet the demand for increased bandwidth and data capacity. An IoT network also needs to be extremely secure, reliable and robust. Is your current infrastructure scalable enough to meet the anticipated future growth? Or will you need a separate network to handle IoT traffic?
Using 3G or 4G networks to connect devices might increase your cost in the long run, so it might be more cost-effective to go for a separate network for IoT altogether. It is also better to do a thorough study of your existing infrastructure and your requirement from IoT deployment.
How do you plan to store the information?
An endless number of IoT-enabled devices, user accounts, and service accounts will continuously stream real-time data back to corporate networks and infrastructure. A key advantage of devices like this is that you generate volumes of data that can reveal actionable insights to your business. This information, in turn, allows you to make decisions based on facts, instead of guesswork.
But how do you store this data, so it is easily available for the workforce to access the information when they require it? Collection, organisation and analysis of the data is the critical aspect of IoT, and how you store this information is going to make or break your success.
Do you need additional bandwidth?
IoT will inevitably lead to more devices joining your network, thus leading to an increase in data usage. However, depending on the nature of applications you want to use, it might not require you to make an additional investment in bandwidth.
There are a plethora of technological options available in the market today. The most important aspect is to be aware of your requirement so that you can decide the right approach for your IoT network and to also get maximum benefits from your investments. Remember that your future requirements will only increase, so ensure that your solution is scalable enough.
Kickstart your IoT strategy by contacting the team at Vocus on 1800 032 290.