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Don't reinvent the wheel when it comes to IoT

Added to IoTplaybook or last updated on: 11/30/2019
Don’t reinvent the wheel when it comes to IoT

Smart, connected and trusted technology has the potential to dramatically change how we manage our work and how we live.

Since IoT is about delivering insights, and insights begin with a use case that defines the problem to solve upfront, getting an IoT solution to market often requires careful planning, smart targeting, clever implementation, and good communication. Even seasoned technology companies need help with this, as IoT not only requires a new way of thinking and integrating hardware/software and IT/OT, it involves more stakeholders than traditional technology projects.

However, organizations of all types are under increasing pressure to deliver high-quality products and services while keeping costs low—and for many, this process can be helped through the power of IoT. It’s hard to balance the investments you should make for tomorrow with the business pressures for ROI happening today. Projects like these often deliver indirect or intangible results, and because every company can become a technology company today, whether they’re in food service or consumer products, the pressure is on to launch—and launch quickly.

The bad news? All of this takes time. Considering that each IoT implementation is different, and it can take 12 to 18 months to get connected solutions off the ground.

The good news? Just because IoT isn’t one size fits all, doesn’t mean that organizations have to reinvent the wheel to do it.

Startups and enterprises need an IoT, AI and data platform that is not just secure and robust but also manageable and scalable, allowing organizations to connect devices, machines, people and systems to capture data, drive insights and take actions. And with that comes some overlapping technologies, protocols, and specifics related to an industry or vertical market.

For instance, according to a CBEC Survey, only about 6% of all commercial buildings have a building automation system. Even among verticals such as healthcare and universities, known for sophisticated automated buildings, the adoption rate is only 25%.

Rising costs and limited budgets mean that the solution required to automate the building has to be inexpensive and be able to produce measurable results as quickly as possible. Rather than replace the entire existing setup, which would unnecessarily add to the cost, connecting existing disparate processes into the new system helps keep the cost down.

While each building has different usage requirements, environmental pressures, and safety needs, each one will need a blend of certain sensors, dashboards and alerts to derive ROI from an IoT implementation.

That’s true in retail, healthcare, factories, and fleets – and that’s why major IoT providers are providing smart solutions. Avnet’s scalable and repeatable vertical software-as-a-service (SaaS) applications are each between 60 and 80% complete depending on business needs. Plus, we have IoT experts who help customize and complete the solution.

Avnet’s smart applications combine advanced software capability with state-of-the-art silicon component technologies.

This transforms real-time operational data into insightful information, enabling more informed, strategic decision making. We help companies:

  • Analyze the potential value of IoT implementation
  • Invest the least possible amount of hardware, software, data and labor
  • Achieve the maximum dollars-and-cents impact
  • Increase the value of their data

Customers also gain all the benefits of working with Avnet’s global electronic components and integration businesses: sourcing, manufacturing services, supply chain, and logistics. They can use as much or as little of these services in their solution as they need to.

In today’s development world, there’s a need to build completely from scratch to get the right fit. See how other companies have done it before.

Avnet

This content is provided by our content partner Avnet, a global technology solutions provider with end-to-end ecosystem capabilities. Visit them online for more great content like this.

This article was originally published at Avnet. It was added to IoTplaybook or last modified on 11/30/2019.