Soon, businesses in all markets and industries will be using IoT technology to bridge the gap between the physical and digital worlds.
In the past few years, IoT solutions have been gaining momentum; businesses are implementing ways to improve their processes and gather data and insight in ways that have not been possible previously.
While the number of IoT solutions in the market place is growing, businesses continue to face challenges in successfully launching programs and realizing value. These solutions are complex and there are many factors to consider such as connectivity, monitoring, analytics, management, and security. Finding a service provider that can provide solutions based on every factor will be a challenge – but the right provider can mean the difference between success and failure.
A service provider that clearly defines a value statement and provides a roadmap for what value means for you will be the most effective choice. You always hear about the big picture transformative value, but defining a company’s first value and getting to that point quickly will maintain interest as well as save time and money.
Essentially what a business wants from an IoT solution is to reduce costs. A provider that is flexible in its service’s platform and has an array of use cases should be intriguing for businesses since it displays their effectiveness in different situations. A provider that adapts and implements in a wide variety of cases shows that there is no money wasted or untapped value.
The number of ways IoT can improve your business is endless. As you develop your IoT program, remember to properly vet your service provider. It will be important to pick a provider that is right for your unique business needs. It’s complicated, but you don’t have to go it alone.
For a more in depth understanding of planning and executing IoT programs, watch our webinar with PTC’s Matt Cohen and Forrester’s Michele Pelino. They provide useful insight into selecting the right service provider for IoT needs and more.