Most users agree that IoT deployment offers many benefits. However, why do some companies fail to properly adopt the Internet of Things?
According to Terri Foudray, founder and CEO of Rumble, the attempts to embrace the Internet of Things far outweigh the accomplishments. The main reasons for the difficulties include the lack of available talent and the huge and complex volume of potential suppliers. The lack of a solid feasibility study also explains the reasons for the failure.
Adopting the Internet of Things: More than a Technology Initiative
L ‘Industrial Internet of Things widespread over the next few years. though, Certain limitations hinder organizations. Addressing this requires investing in training and engagement to change habits and ensure comfort.
In fact, to successfully adopt IoT companies We must realize that implementing this solution is a commercial, cultural and technological initiative. This approach requires the support of external resources. These can also help to overcome difficulties thanks to their great experience.
On the other hand, some organizations do not need to start their own IoT initiative with the same strategy. However, they must Understand that whatever approach is taken, the goal is to develop capabilities to maximize the value of the Internet of Things.
The key to the success of any strategy lies in the constant focus on the benefits that the Internet of Things brings to the company. Including increasing productivity or reducing costs through predictive maintenance. Any Internet of Things initiative It is not limited to IT project, every department of the company must participate And able to use the platform.
Three Key Elements of Successful IoT Adoption
To adopt the Internet of Things, you need C-level commitment and ongoing support. In fact, if the initiative does not have the support of one or more members of the management team, it will not get the priority it needs. Also, the willingness to accept the changes necessary to complete the project will not be evident throughout the organization.
Leaders can help build relationships within the organization to support a project that is just as important as implementing the Internet of Things. They should too Instilling the spirit of “fail fast and repeat”.
This concept suggests testing whether an idea is a good idea or not without fear of losing by limiting the potential consequences of failure. In fact, any failure will result in a new test that takes this error into account in order to achieve success.
The more IoT initiatives a company takes, the more likely it will be successful, because it:
- Enthusiasm is generated throughout the company,
- improves the chances of success of some initiatives,
- It shows a broader vision than one approach.
Change agents throughout the company
The IoT ecosystem is constantly evolving and is highly fragmented. Knowledge is generated at a rapid pace. In this dynamic environment, it is not enough to work alone. The company must Create a cross-functional and integrated team of Change Agents. This team of professionals emerges as a driving force behind the company’s future. The hard work they are doing to embrace the Internet of Things deserves all the credit.
These pioneers need a charter, structure and authority to drive the implementation of the Internet of Things. They should too Show diplomacy with their services To gain commitment to resources and cultural acceptance of the new paradigm.
System-wide IoT framework
C-level leaders and the IoT Commission needA framework within which the Internet of Things is approached at a system level. This framework defines the project prioritization process for a group of best-in-class vendors. It also specifies how proofs of concept are to be handled and managed.
For most businesses, success and acceleration Requires a qualified third-party supplier with a proven track record to show the way.
Why are some companies still reluctant to embrace the Internet of Things?
Internet of things technology is being integrated into various industries. Especially in manufacturing, agriculture, retail, healthcare and logistics.
this is the solution Allows machines and humans to communicate with each other, making business operations smoother than ever before. But many companies tStill finding it difficult to adopt.
Here are the top five obstacles.
1. Security issues
The main purpose of the Internet of Things is to connect devices to each other over the Internet. As many devices gain connectivity, The risks of digital theft, malware uptake and data breaches are very high.
Hackers are constantly looking for end user data. That is why industries need to apply modern technologies. Including biometrics or encryption. In fact, they help them create IoT solutions and protect their data from potential security threats.
2. Network connectivity issues
One of the biggest challenges in embracing the Internet of Things is Connect multiple peripherals. The majority of organizations that have implemented IoT have a central server/client model to authenticate, authorize, and connect the various nodes in the network. However, this model is sufficient for the current IoT ecosystem where there are approximately tens, hundreds or thousands of devices.
On the other hand, when the network reaches billions of devices, the aforementioned centralized system can become an obstacle. In fact, these facilities Require huge investment To maintain cloud servers capable of handling a massive amount of information exchange.
Nowadays, organizations are trying to decentralize IoT networks. which means they Use of advanced computing To carry out urgent operations and cloud servers To collect and analyze data.
However, this model also comes with its own set of challenges. And therefore , Poor internet connection is one of the many challenges Industries are facing in embracing the Internet of Things.
3. Compatibility issues
The Internet of Things is increasingly developing in many ways. There is no specific international standard of compliance that companies developing Connected Objects must adhere to. This issue requires more hardware and software to connect the devices, which makes it difficult to deploy an IoT solution.
In addition, companies invest in devices from different manufacturers. Thus, there is a possibility Compatibility issues between tools. Thus, companies will have to purchase IoT products exclusively from a single manufacturer, until an international standard is established.
Some other compatibility issues stem from:
- lack of standardized M2M protocols,
- Unified cloud services,
- A variety of firmware and other operating systems among IoT devices.
4. Lack of resources and infrastructure
Internet of Things devices Collect a huge amount of data. However, it requires a powerful analysis tool as well as skilled resources to gain actionable insights. Thus, organizations cannot implement an end-to-end IoT solution without hiring the right talent.
They also needA viable solution for data storage as it continues to grow. The use of central data storage for real-time data storage cannot be controlled. Thus, companies must move to a distributed cloud platform from central data storage.
Additionally, businesses need to ensure that they have the appropriate infrastructure that seamlessly manages IoT connected devices, sensors, and the data that comes from them.
5. Choose the best IoT platform provider
The majority of companies looking to implement IoT choose to outsource their IoT solutions. In fact, Finding the right IoT service provider is one of the most important tasks. Every company wants an IoT platform that delivers high scalability, comprehensive disaster recovery infrastructure, and improved outcomes, without compromising accuracy and efficiency.
However, searching for the right IoT vendor that provides the best IoT solutions is like looking for a needle in a haystack.
Will adoption of the Internet of Things lead to future business success?
The pandemic forced nearly every company to change its business practices and priorities in a matter of weeks. Indeed, those who have embraced the Internet of Things have shown an acceleration of the pace of their projects.
Furthermore, the biggest advantage of this initiative is that it provides a holistic view of the value chain, rather than traditional silos. This concept refers to a communication framework Provides an integrated view of the asset throughout the manufacturing lifecycle. Thus it enables data-based interventions and improvisations.
Thus, the Internet of Things continues Generate value and return on investment for users. 87% of respondents admitted that their core business strategy has improved as a result of IoT adoption.
Apart from improving operational efficiency and creating new connected products and services, IoT deployment ensures increased productivity and improved customer experience.