The Internet of Things (IoT) offers countless benefits, ranging from reducing costs to ensuring data accuracy to improving the customer experience. As more companies are looking to streamline operations with the seemingly limitless potential of IoT, many are finding that deploying solutions are far more complicated they initially seemed. In fact, nearly three-quarters of IoT projects are unsuccessful, a statistic that speaks to the unforeseen complexities of adopting IoT technology.
There are many obstacles that can hinder the success of deploying a new IoT solution. In a recent article for the Atlanta Business Chronicle, KORE CEO Romil Bahl describes the seven common obstacles to a successful IoT deployment. These obstacles include a lack of expertise and resources, the need for interoperability and compatibility, regulatory compliance, security risks, solution deployment, data action-ability, and ecosystem diversity.
Understanding the barriers to effective IoT deployments is critical in order to come up with an adoption strategy that yields positive results and ROI. Because the IoT is so complex, it takes a very specific set of skills, experience, and expertise to deploy, manage, and scale new solutions.
In a whitepaper sponsored by KORE, James Brehm and Associates list several options available for companies who are looking to develop IoT solutions. Among them are doing it themselves using internal resources, patching together a solution from several different IoT vendors, developing partnerships with IoT vendors, acquiring a company with IoT skills, working with a systems integrator, and engaging with an IoT managed services provider.
Companies that chose to develop an IoT solution themselves using internal resources face a number of challenges, primarily due to a lack of expertise and resources as outlined before. While patching together a solution does mean bringing in outside resources, this strategy comes with the unique challenge of harmonising systems, data, and connectivity to achieve interoperability and compatibility.
Acquiring a company with IoT skills brings significant risk, added labour, and typically exorbitant cost. While working with a systems integrator seems like the right way to address concerns about interoperability, it likely isn’t the best option to achieve efficient and cost-effective IoT deployment. Engaging with an IoT managed services provider is the best way to ensure you have the skills, experience, and expertise needed to successfully deploy a new IoT initiative.
IoT managed services providers help companies overcome the obstacles to deployment by managing risk, reducing cost, and even improving time to market for IoT solutions. They do this by offering a suite of comprehensive services that include solution design, hardware selection, wireless connectivity, device management, security, configuration, kitting, warehousing, and global deployment services.
KORE manages the complexities of IoT solutions with services that support the entire IoT lifecycle from feasibility to ongoing operations. Getting IoT initiatives off the ground requires the ability to quickly and seamlessly get devices out of warehouses and into the hands of customers. Deployment services from KORE drive efficiency and quality for a broad range of IoT solutions – from fleet, connected healthcare, and vehicle to industrial IoT and asset management.
To learn more about how IoT managed services will enable successful deployments and business results, download our free eBook with James Brehm & Associates, Internet of Things (IoT) Managed Services.
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