IoT is no longer just a concept as we can see many big companies have already started implementing IoT and digitizing their business processes. In the realm of Industry 4.0 and digital transformation, it is easy for any business to get carried away and start a first IoT project without fully preparing for it.
While research from IDC predicts global IoT spend will top $1.29 trillion (€1.14 trillion) by 2020, Cisco survey reveals close to three-fourths of IoT projects are failing despite the forward momentum.
Although IoT presents a huge opportunity for businesses to thrive in this digital transformation world, it is not so easy to make it to the finish line as it seems in theory. IoT initiatives often look good on paper but prove to be much more difficult than you deem. No matter what your IoT use case is, the basic idea remains the same; connect devices, collect data, and analyze it to generate new insights for informed decision-making. But on the other side, there are certain deployment challenges that businesses may face on the journey of IoT implementation. Those who are unaware of the forthcoming challenges often fail to successfully deploy an IoT project in their businesses.
The top five reasons include:
With an aim to guide and prepare businesses to kick-off their first IoT project successfully, Avnet, a leading global technology solutions provider has prepared a new series of IoT Readiness Workshops. The workshop is aimed at helping organizations to understand IoT from both a business and technical readiness perspective while helping them understand how they can make the most of their IoT initiative. The workshop is not just for those who are thinking to deploy an IoT solution for the first time, but it can also help businesses that are stuck at some point in their IoT journey.
Here’re just some of the areas that will be covered in the IoT workshop:
Today, people know what IoT is but many of them fail to determine how to make IoT relevant to their business so that they can gain fruitful results from IoT implementation. The IoT workshop can help businesses understand opportunities and introduce new business models that are unknown to companies currently.
Since most companies do not have internal expertise, they mostly rely on industry experts. The workshop helps companies define selection criteria to choose the most suitable IoT vendor or help them buy an IoT platform. Some of the important technical evaluation criteria are scalability, protocol, security, bandwidth, system performance, disaster recovery, hosting environment, interoperability, edge analytics, etc.
This is also one of the reasons why IoT initiatives fail. The workshop will help organizations defining business objectives and align product concepts to make an IIoT initiative successful.
The interconnected world is surrounded by a few myths and hypes that may prevent you from starting your IoT journey or derail your initial IoT efforts. The workshop will bust IoT myths for your business and help you have a clear and fact-based understanding of IoT.
You will find dozens of blog posts and research papers that preach about the endless opportunities that IoT poses, but it is equally important to know how to create value from IoT once deployed. The workshop will help you understand how to move from inflated expectations to the next stage and realize its full potential.
Besides all of the above, the workshop provides companies with a great opportunity to find answers to their questions regarding IoT deployment and make smart decisions.
All in all, it’s a great opportunity to learn from experts with hands-on experience in the IoT space. You, of course, want to make sure that nothing goes wrong when you are making a huge investment while risking to transform your business processes. So we recommend you to take a look at our IoT Readiness Workshop Program and book your seat.