Six Key Insights for Successful IoT Product Development

The Internet of Things (IoT) describes the Promised Land for many manufacturers, developers etc. It’s also a terrain full of potential risks and difficulties. A successful IoT product can support your organization to move from a traditional manufacturer to a service provider, empower you to effectively drive recurring revenue.  Cisco and Deloitte predict that almost 75% of all new IoT devices fail after launch. There are various factors that contribute to this, involving a deficiency of real product value, security issues, product development and poor data visibility.

It is essential to assure that the assumptions of an IoT development client and their product development services are obvious and clear. Setting these best practices to work will move a long way to building clarity around client satisfaction and the formation of an IoT Product that gives explicit and worthwhile value to the end-purchasing customer. Complex IoT solutions need more attention to product design and development details. If usual mistakes companies make when they start to develop an IoT product design can cause delay or even cripple implementation.

Fortunately, all these issues are avoidable, especially if you develop your IoT Product by following below six key insights for successful IoT product development.

Get a handle on Connectivity

Technology adds up a layer of cost to traditional non-tech-oriented IoT Products. Adding communication technology can refer to both a non-recurring as well as monthly recurring cost. Wired and specifically wireless connectivity is an important aspect of every industrial IoT platform starting at the edge and expanding to the Internet, cloud-based data centers and locations where the data is monitored. IoT connectivity generally needs resources containing various short-range wireless solutions competing for supremacy, none of which will be the only solution for all over the enterprise. Not everyone is familiar with all of the wireless communications technologies and strategies available.

In addition to that, there are major trades to be made in selection of the precise strategy for the IoT product. The most well known technologies in recent years have been Wi-Fi 6, Bluetooth cellular modems, Zigbee, LoRa and Cat-M.  An IoT product industry require to find a supplier who is updated about current and appearing technologies and has thorough knowledge of the tradeoffs between risk, data , power consumption, connectivity costs and bandwidth.

Pick the Right Platform

To add more intelligence to a product that wasn’t connected before, many startups choose Hobbyists-grade boards. The main concern is these developer platforms are not appropriate for large-scale deployment. If the device works successfully and starts creating more serious demands than production can’t scale up because you can’t source thousands of that type of platforms. Off-the-shelf (platform that represents software or hardware products that are ready-made and accessible for sale to the general public) IoT platforms are useful for proof-of-concept (PoC).

Generally IoT platforms manage ongoing management tasks and data visualization, which empower users to automate their environment. We can also say that these platforms are act as a middle way between the data assembled at the edge and the mobile application. For such platforms there is no “one size fits all” for any IoT project. Choosing the wrong platform can result in extreme costs, quick charge consumption or unsuitable bandwidth. Precise factors have to be made to assure the platform being used is the best for the project.

Be Practical about schedules

So many times, an IoT development client does not recognize how long it will take to make a finished product. There are lots of developers kits are available nowadays along with single-board computers. With the help of them the quick proof of concept can be created. It may works properly; however, there can be a huge difference between an custom design hardware and software that is tested and ready for scalable production. Also, it is certain that IoT devices have to undergo through one or more regulatory approval processes.

In working with a product development partner, making a production-ready product or pilot project that can be placed without concern for field failures may take time. As they are connected, IoT products must be examined for radiated emissions and susceptibility.

In addition to that, the cellular carriers must perform testing to issue certification for your product for deployment on their infrastructure. Selecting components that are pre-certified will substantially cut down the time and expense. Pre-certified parts are more costly, but they radically minimize the headaches included with getting certifications later.

Security concerns are important

IoT products are frequently deployed at the network edge. As these are often purpose-driven devices, some product companies needs to pay attention to security-related concerns. As an IoT network inherently generates hundreds, thousands of points to exposure so maintaining security consistently throughout the network is extremely important. It’s a constant process that needs to be created.

Industries those are working with a product development company, it is important that they should include IoT Product security in their statement of work. Also assure that the service provider is fully familiar with the issues and has the knowledge to execute alternative actions in order to eliminate security-related risks. 

Have a comprehensive plan

Having an defined plan for any project is obvious. Look for an independent IoT product development enterprise that can be your partner in entire product development. In fact, strategic planning is probably the most important aspect of any IoT concept, as it is where goals and budgets are initiated, teams are selected and technologies are considered and many other things.

Design for Maximum User Productivity

Building the product and testing within the limited users and have a bulk production to be used by thousands of people makes a huge difference so it recommended to develop the pilot project and then move to production for bulk quantity gives confidence to invest huge amount. Because having the clarity of production with pilot project minimises the chances for failure.

Preparation and a well-implemented product development strategy will drive towards IoT products that will successfully developed