Moving beyond the IoT hype ? and into reality

Posted by Nextware Technologies on April 18th, 2017

The so-called ‘Internet of Things’ or IoT has quickly run through the technical hype cycle, morphing from concept to yesterday’s news in a matter of months.  Yet on a corporate level, many companies are still not taking advantage of IoT capabilities in their operations.  

The IoT sector used to be checked by capacity issues.  Yet thanks to major improvements in cellular and mobile networks, the internet now has the capacity to deal with the flood of IoT devices. As the technology behind the IoT revolution catches up to the promise of an interconnected lifestyle, the majority of consumers are now poised to take advantage of this new era.  In the future, the best way to reach these consumers is to ensure that products and systems are designed towards interconnectivity, engagement, and interaction.

Different industries have different perspectives on IoT opportunities, but they are all looking to increase average income per device, scale efficiently, and ultimately respond to the needs of their business while setting themselves apart from their competition. Where does your business fit in? What's the first step to being IoT ready?

If you are starting from scratch (like many businesses), it's important to determine what main problem you want to solve. Once you have defined it, you can then look into what systems you may need to connect, as well as what capabilities you need to put in place.

Cloud computing is a good place to start. With the collection of vast amounts of data essential with interaction between users and or smart devices or objects, storage and its accessibility is crucial. Partnering up with a company that can handle a secure cloud solution and hosting gives you an edge as well as peace of mind in this new age of the IoT. Integrated solutions that can handle product and interface design, application development, and data hosting and management are ideal and will ensure that you thrive in the age of the Internet of Things.

There is no doubt that the IoT is changing traditional business models, but this technology is merely the enabler. What will really be transformational are the new business models that will arise. Your company’s ability to adapt to the shifting models of business will dramatically impact its future. Talk to a technology solutions provider to discuss your options.

About the Author:

Afshin at Nextware Technologies brings more than twenty years of experience to the team in developing state-of-the-art IT solutions and re-engineering business processes. He joins us from Moog, Inc., a leading aerospace manufacturing firm, where he managed a team of engineers and IT staff supporting a global user base in 26 countries. Prior to Moog, he helped transform Curlin Medical from a struggling, single-product medical device manufacturer to a diversified, M powerhouse with 250 employees worldwide and a range of highly-differentiated flagship products. Afshin received his B.S. in Computer Science from California State University of Fullerton.