7 Things To Consider Before You Start With IoT

There’s a lot to do, and a lot to think about when you start your journey towards the connected company: What are the advantages of IoT? Is it useful to our business? And how will we use it? Consider at least the following 7 topics.

Think big, start small

You know your organization, so you should be able to understand what IoT can add in terms of business opportunities. The first step is the hardest, but it’s important to identify a specific business area to target first.

Divide your project into manageable parts and phases and assign end dates to each phase to avoid staying in the test phase too long. After that, the sky is the limit.

Examine your data

Sensors can measure all kinds of data, but which data will help you achieve your goal? Do you also need external data to give a context and meaning to your own readings? Is it necessary to monitor your data in real time, or is it sufficient to analyze it once in a while? Also, think about how you will process and manage the data.

Determine your goals and define what success looks like

Do you want a greater understanding of how your employees use your machines? Or do you want predictive analytics to make your maintenance efforts more effective? IoT success has different scenarios. You need to determine your goals and define your success before you start implementing.

Integrate IoT strategically

IoT is a technical endeavour in part, but it is a strategic effort too. As IoT brings profound business opportunities, you need to get your executives on board as well. With their buy-in and strategic input, your organization is able to use IoT in a far more effective way to save costs, improve the offering, and disrupt the whole business model.

Be prepared to iterate

Initial failures are necessary for the success of you IoT projects. By ‘failing forward’, you learn from your mistakes and improve continuously. You need to have the flexibility to refine your solution and work with moving insights. However, once you go into production with IoT, you need to make sure your solution is solid and flexible enough to patch remotely.

Think about security

An insecure Internet of Things is an Internet of Threats. You don’t want to be sabotaged by an obscure competitor, and you definitely don’t want your business-critical data to be stolen, let alone the sensitive information about your customers, suppliers and employees. As a result, you need a strategy for end-to-end IoT security.

Collaborate with a partner

Is your organization able to allocate time and expertise? Collaborate with a partner in defining which IoT networks meet the needs of your project. Or you might want to get an experienced Design Thinking partner that supports you from Proof-of-Concept to implementation. A good partner will help you translate IoT opportunities to your own organization, product, service or business model

Are you ready?

You feel ready to go IoT now, but are struggling a bit with the implementation of IoT in your business? “How do I start? How can I move forward with IoT?”

No worries, Codit and Proximus are here to help you to define ways for your company to join the club of innovative businesses that extend their services and products with IoT and machine learning.

Follow our sessions at IoT Convention on Wednesday 19 June and get a better understanding of both the business as technical part to monetize IoT:

• What lies beneath the IoT iceberg?
Frederic Lhostte – Proximus @ Auditorium
12h30 – 13h

• 5 reasons IoT projects fail and (y)ours not!
Glenn Colpaert – Codit @ Upperside room
14h – 14h30