How to find the right IoT solution for your smart product
Do you want to implement an IoT solution for your product or simply get a better idea of what it would require in terms of technology? Sirris will gladly help you on your way.
IoT technology is more widely available and more mature these days. Therefore, the barriers for product builders to expand their products with sensors, connectivity, AI, cloud applications and apps is also lower. It does not mean that you can simply buy the IoT solution ready to go and attach it to your product. But you don’t have to start building all the hardware and software from scratch either. So what are the choices and steps to make to fit your product with the right IoT technology?
Requirements, requirements and more requirements
No adequate solution without understanding the problem. What are your requirements for the IoT solution, and why? Sometimes you have to go back one step in order to move two steps forward. However, don't put the cart before the horse: don’t just say which wireless technology you think you need, first define which systems need to exchange which data and how quickly, how often, etc. This is the set of requirements, from the sensor to the (cloud) application, which allows to develop a suitable architecture and appropriate technologies for the solution of your choice.
Feasible, but not at any cost
For many applications, the technological feasibility of an IoT solution is no longer a killjoy. The question should in fact be whether a solution can be provided within certain budget and whether the cost involved is proportional to the value (additional income, cost reduction, etc.) you think to accomplish with the IoT solution. Fortunately, many building blocks are already around and all the underlying hardware and software does not necessarily need to be developed from scratch. However, these blocks still need to be developed, adapted or at least integrated for the intended application. Before embarking on such developments, you should identify the main risks in terms of value and cost and effectively eliminate those by means of proofs-of-concept.
Keep track of the development
Chances are that you will need to call on one or more companies to build the hardware and/or software for your IoT solution. You don't actually need to have all the expertise in-house, but you do need to keep track of the development to make sure the solution meets your company's needs. Always make a realistic cost estimate, not only for the development, but also for the maintenance and possible expansion of the IoT solution.
Look before you leap
To avoid extra costs, delays and wrong technology choices, make sure to gain the necessary insights right from the start to steer your development in the right direction. Don’t miss our masterclass "Equipping your product with IoT: make or buy?" on 9 June 2022, where we will go deeper into the topics discussed above.
This masterclass will tell you all about the essentials, as well as the dos and don'ts you definitely want to be aware of from the start of your development. BY means of a concrete product example, together we go through the process of developing a smart product: which steps are taken, which choices are made and what possibilities are there for the various elements of your solution. An individual follow-up interview will ensure that you can translate the insights into concrete follow-up steps within your company. For more information and participation, please click here.
This masterclass is organised under the 'Industry partnership'.
The content of the masterclass came about, in part, with the help of the COOCK project 'Orientation and decision-making in smart product exploration'. More information about this project can be found on the project page.
(Source picture: Unsplash)