Why IoT Product Development is Complicated — and What You Need to Succeed
According to Statista, by 2025 there will be over 75 billion connected devices – nearly triple the number there are now. This explosion in IoT devices has companies all over the world building intelligence into everything they design and make.
But, IoT product development is more complicated than other technology segments because:
• The development cycle is longer and more intensive,
• You need to consider the role of data from the start, and
• ROI is difficult to prove due to massive investment in prototyping, testing and data collection.
How can you speed up the process, lower costs and reduce the friction associated with validating the ROI?
The Value of an Experienced Partner
Our ability to take ideas from Sketch to Scale® has led to the successful launch of many IoT devices. When you tap into our global capabilities, plus the ability to scale and meet demand for high quantities of components, you’ll see cost savings on parts like sensors and transceivers. In addition, you get the advantage of wireless advancements that decrease data rates and increase long-range communication capabilities, also lowering costs.
Using iENBL for Streamlined Testing
iENBL helps you develop, check and test your IoT ideas in the field without spending time or money developing a custom solution. Using a low-power wide-area network (LPWAN), iENBL devices include most sensors, actuators, GPS and connectivity options.
So critical features like asset tracking and geolocation services get thorough testing while dramatically reducing the scope and scale of the test. If you’re developing IoT products for smart cities, smart buildings, agriculture or other uses, iENBL provides the reliable data needed to prove your business case without the need for costly prototyping.
Managing Your Product with SmartNexus
SmartNexus is our secure device management platform. It offers bi-directional device-to-cloud connectivity for remote device management, authentication and over-the-air software and firmware updates all through a single platform. In addition, SmartNexus provides reliable cloud-to-cloud connectors to easily integrate to line-of-business applications, such as SCM and ERP, as well as analytics platforms.
Using SmartNexus saves you the time and expense of building your own platform and ensures speed to market. Plus, you’ll benefit from our continuous improvement to the platform over the long term, including critical security updates. SmartNexus is ideal for products in the non-regulated medical wellness, energy, industrial and asset tracking markets.
Developing an IoT product can feel daunting. But with our solutions, you don’t have to go it alone. We’ll help you build, test and scale your smart products, and put you on the path to success.
Download Our iENBL White Paper here.