Eight key factors to consider when using IoT to drive innovation

In Chinese culture, eight is considered the luckiest number; this is because its pronunciation “ba” sounds like “fa” – the word for prosper, wealth or fortune. It is also an auspicious number for the internet of things (IoT). This is because, if you want to prosper using IoT to drive innovation, there are eight key aspects that really matter.

A modular and future-proof IoT platform

In order to make the most out of IoT, it is important to be sure that your business' IoT platform can connect with any device, sensor or machine over any network. It must also provide flexible deployment choices with SaaS, PaaS, on premises, hybrid or edge.

In addition, it should also be low-code and future-ready with solutions for enterprise integration, API management, predictive analytics and machine learning – as well as business process and portfolio management.

Open and independent

In order to avoid vendor lock in, and to future proof your platform, it will need to be independent and open enough to work with what you have today and, what you may have tomorrow.

Supports rapid start for instant IoT

Businesses should be able to register and connect devices in minutes, with an easy-to-use control panel to set up rules, connect to key apps and the ability to realise the benefits of IoT immediately. It also needs to be easy to create a free trial account in the cloud at any time.

Distributed architecture and IoT at the edge

Businesses seeking to make the most out of IoT solutions also need a distributed architecture that is elastic enough to swell and shrink dynamically.

It should be able to run in data centres, and on “thick” or “thin” edge devices and should have intelligence for running advanced analytics/automating key responses at the edge.

The IoT solution should also be able to manage and modify edge apps, models and analytics on the fly. This is so you are able to build and test apps centrally and then push them out to where they are needed at the touch of a button.

A rebrandable platform to OEM

You may want to take a complete IoT offering to market for your customers and quickly develop apps from pre-packaged solutions. A platform that can easily roll out multi-tenant or separate private instances, on premises or in the cloud is important.

Free methodology and design-time tooling

Businesses need proven tools to help to model, plan and manage IT and OT assets, plus a resource library supporting work packages, processes and practices.

Market-leading technology

For peace of mind, businesses should look to a platform that is not only recognised as a leader by top analysts, but also by a wide array of satisfied customers.

Strategic partnerships

Your platform provider should have a huge ecosystem of strategic partners across SIs, VARs, hardware and technology providers. These partners can help bridge gaps and build and refine any custom or specific vertical requirements you have for your platform.

In today’s market, many businesses have experienced a demand for IoT solutions in order to remain competitive. Indeed, IoT has quickly become not just a “nice-to-have” or a niche solution, but a vital part of every organisations innovation, future proofing and their means to grow. To draw the lucky eight, it’s important that businesses take the time to explore their IoT options first, and find a solution that ticks each and every single one of these boxes. Ultimately, finding an easy, fast and scalable solution will offer enhanced business benefits, and help organisations keep pace with the competition.

Read more: IoT Tech Expo: Software AG on how to avoid becoming another statistic

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