How To Make Your IoT Project Successful?

Nayan Sharma February 28, 2024

With companies integrating IoT devices into their infrastructures, there is a constant need for new ways to use and manage the data and data insights. The important thing is to ensure cybersecurity in IoT along with developing a strategy, securing networks, setting baselines and indicators, among others.

Smart technologies are progressing at a fast pace, and they have become immensely useful for numerous applications throughout several business industries and verticals. These revolutionary technologies are constantly evolving to bring a change in individuals, societies, and businesses. With that said, technologies like the internet of things can certainly help a business grow at unparalleled rates.

If you believe that the internet has changed your life, think again. IoT is about to transform it all over again.

As of now, there are more than 10 billion active IoT devices found across the globe. This certainly highlights that the technology itself is not something new for the people. Here’s a list of some fascinating stats that signify the progress of IoT so far:

According to a report by IoT analytics, the majority of internet-connected devices can be found at work or home. As of now, nearly half of all the available IoT devices are connected to personal area networks.
As per a published material by Gartner, there are nearly three internet-connected devices for each human existing across the globe.
A study by PWC reveals that a large number of companies expect digital technologies such as IoT to improve the efficiency of their processes by 12%.
The forecast for worldwide spending on IoT by 2023 is said to reach 1.1 trillion U.S. dollars according to Statista.

Prognosis of Worldwide Spending on IoT

Additionally, there is still a lot of confusion and complexity among people regarding IoT, which may hinder your decision-making process and make it harder for you to adopt. As with anything else, you need the proper time and skills required to make your project a roaring success. Here’s a quick rundown of some to do’s for your IoT development that helps you to make or implement IoT successfully.

IoT Must-Haves To Accelerate IoT Deployment

1. Plan for long-term

When it comes to the corporate cult, the short-term doesn’t even exist. As it is a far-reaching, well thought, and comprehensive strategy that has the capability to change your life completely, the former applies to it too.

Additionally, there’s always a level of uncertainty associated with this dynamic and disruptive technology, that may lead to unpredictable consequences in the future. This calls for the need for long-term planning that allows you to stay prepared for or unexpected events and take actions based on the ever-changing business environment and changing technologies.

2. Figure out the basics

While your business might be successful with the adoption of this smart technology, relying on mere data collection may lead to failure in the next phase of a project. IoT is more than just collecting data with the help of connected devices, and you must consider several other factors to make your IoT project successful.

It’s worth brainstorming how you are supposed to gain profitable business values from your internet-connected assets. Moreover, while you are collecting data, you need to make sure that it is driven by the real-world needs of a business and is organized properly.

3. Seek inspiration around you

After you have determined what you need to do with your IoT project, you need to look for inspiration in your surroundings and research pre-existing solutions that solve the exact same problem as your project. It allows you to figure out an ideal device management solution that acts as a foundational block for your project that offers you a strong, stable, and customizable platform for expanding the limitless possibilities of your project.

The smart concept you are developing needs to be put in a profit-driven and reasonable framework that offers you a perfect blend of economic viability and the requirements of your customers.

4. Understand your customers’ needs

Another important IoT application development component is what you are willing to offer and what your consumers are demanding, apart from the solution you are developing. It’s important to keep a track of all the requirements that you encounter throughout the various stages of your project.

If the vision of your product doesn’t match the outcomes, you may face a difficult time surpassing your competitors. Furthermore, as customer satisfaction still remains the primary revenue and growth driver for businesses, your project must fulfill all the contract stipulations it promised.

Also read: IoT-powered Predictive Maintenance Enhancing Oil and Gas Operations

5. Find the right people

While your project is on the verge of completion, you surely won’t like to be left alone in the lurch. During the stage of your iot application development, you need to gather the right people with adequate expertise that may help you walk through the difficulties and complexities in IoT and help you evade any technological pitfalls and improve operational efficiencies. However, make sure that you maintain a firm distance from technological lock-in that makes you dependent on a vendor.

There might not seem to be a problem at first, but considering the long-term goals, they may prove to be discouraging in terms of scaling and ranging your project. Therefore make sure you thoroughly analyze and research the offers available in the market by considering aspects such as cross-platform integration possibilities and scalability.

Now we move on to the steps to be taken for the deployment of successful IoT projects.

10 Steps for a Successful IoT Deployment

1. Develop a strategy

Different businesses have different needs, and there is no single IoT software development project for everybody. Before you explore different possibilities of IoT or submit a project application, you should work out a strategy with key business leaders.

This assists with guaranteeing that users agree with IoT projects and furthermore guarantees that IoT projects offer the most noteworthy benefit for the enterprise.

[Also Read: Enterprise IoT – Benefits, Use Cases, and Real Examples]

2. Be clear about business objectives

Rob Mesirow, a partner at PwC and head of IoT advisory practice, said that the business chiefs and their IoT administrators should be clear about the business results that they want from their IoT deployment.

IoT normally produces the greatest value for its money in situations where tracking and estimating are followed by enhancement. IoT application development company should discover the quantitative data of what the issue is – for example, the number of cameras that secure a building- and afterward use the information to resolve the problem. An IoT software development company can also try to track and afterward optimize the utilization of those resources, or they can install IoT sensors in facilities to follow environmental indicators and later on conduct analytics to improve them.

3. Achieve the easier goals first

The new technology requires quick and exceptionally high noticeable achievement. If your corporate IoT methodology is steady as compared to other organizations’ IoT projects that have a decent track record, then you should focus on the easy projects first; as they are moderately simple to carry out and produce results.

Also, if some IoT projects can show information comparison like “before and after project deployment”, this can establish the framework for new IoT projects.

4. Calculate the cost

The expense of IoT components, from sensors to storage, has dropped significantly in recent years. Therefore, as a result, numerous IoT service providers and IoT app developers underestimate how much their IoT deployment will cost. The companies need to perceive from the start that while they probably won’t pay much for a couple of sensors for a pilot project, they’ll see those expenses grow dramatically as they increase.

Adding many sensors could require organizing updates, extra storage capacity, security layers and other expensive components that could easily be neglected or overlooked at the beginning of the task.

5. Think about your customers

The best IoT project implementation generally focuses on user requirements. If we take a good example like the municipal tram system, which presently utilizes IoT sensors to predict system equipment and track failures/ disappointments with the goal that the maintenance work force can effectively take care of these issues. These IoT frameworks can even send messages to the customer’s smart phone when the framework fails, recommending the user to change the course.

6. Secure IoT Private Networking

Protecting and securing your data is a serious business regardless of what industry you’re in. To have secure networking it’s better to create different ways for customers to build and own their IoT private network from end to end.

Regardless of whether you’re utilizing AWS VPC peering, AWS Direct Connect or IoT LANs, we at appinventiv permits our customers to scale their business without compromising on their data.

7. Strengthen safety precautions

If you utilize raw IoT information from the Internet, then there are chances that these information may bring you malware, viruses, and other security dangers. For organizations making use of IoT data, IoT security practices ought to be rethought to guarantee the security of local and wide area networks.

8. Combine IoT data with existing data

The most ideal approach to increase the utilization of the IoT is to infuse data from internal system records. For instance, if you are gathering information on customer behaviour on your website, then you can consolidate this information with existing customer data, for example, where the customer lives and other key information. This helps you to understand every customer and their purchasing behaviour and preferences.

9. Set baselines and indicators

Your IoT project ought to have the option to be compared with the past organization performance benchmarks. Through this way, you can without much of a stretch easily show the effectiveness of your IoT project, which might be expanded income, better customer service, and quick completion time for internal tasks, cost saving, and so forth.

10. Define your next-generation IoT application

At the point when your IoT project has made phased progress, you should begin considering how to manage more IoT applications. Having a discussion about this issue with the business chiefs and decision makers engaged with the methodology can help your IoT project move ahead.

The Takeaway

The data accumulated through a successful IoT deployment system is certainly a gold mine for your business. Make sure you spend a significant amount of time figuring out the several aspects of data involved in your business model and work to make them even better by monitoring the data collected by IoT devices. It can be used for a plethora of activities such as predictive maintenance.

Moreover, as the internet of things is a very vast and fast-moving environment, the success of your project may differ from your competitor. With the list of must haves for IoT deployment stated above, you can gradually increase the chances of making your IoT project successful.

Before you call it a day make sure that you research and choose the most reliable solutions available out there and find a trustworthy and reliable IoT app development company to partner with. A company Appinventiv that would help you have a successful IoT platform.

Contact our team of App Developers today and get a detailed guide on how to begin your app journey!!.