Extracting value from IoT projects

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The pace of growth around the Internet of Things (IoT) is fast and furious.

Device manufacturers, sensor developers, and connectivity providers have jumped into the fray and are rolling out new devices and functions as quickly as they can. But as the technologies mature, the devices are likely to become commoditized, meaning their value will depend more on quantity than on product differentiation.

For that reason, it’s important that IT shops look beyond simply building systems when implementing IoT projects – and focus instead on ways to derive value from what eventually will be billions of devices collecting data across the internet.

Developing for the future

In a year or two, today’s groundbreaking IoT devices will be outdated and archaic. Variations on sensor technology will allow collection of highly specific data, and the devices themselves will be capable of instructing each other to perform actions based on information recorded by other sensors.

It isn’t possible to know today exactly what or how the future IoT will unfold. But one thing that won’t change is the need to collect, analyze, and produce actionable intelligence from the firehose of data that will be generated.

That’s why IoT developers should concentrate on gaining skills and creating tools to process all that information, as well as applying the best current data management and analytical technologies to IoT projects.

To keep up with the IoT device maturation curve, IT needs to follow two mantras:

1. Keep the IoT environment and everything attached to it highly secure

Security needs to be at the top of the list for any IoT implementation. This is partly because formal security standards have not yet emerged.

While there are draft standards, those could change before they become ratified and widely adopted. Verify all security claims and processes to assure your enterprise is well protected from intrusions through IoT devices and the networks they connect with.

2. Use open and readily modifiable products

IT may want to avoid proprietary solutions, because they could be supplanted by products from other suppliers in the future.

Open-source versions can provide some flexibility as a hedge against future changes. Be certain to understand how your vendors view change and whether their products can support significant updates.

The future of IoT is exciting and will provide ways to understand and interact with products and customers that we have not yet envisioned. Look to the future of the data and rely on today’s products to deliver a learning experience and pathways to making IoT efforts profitable.

Find out more about how information from IoT devices could change your business.

Scott Koegler Writer Sponsored Post About Scott

Scott Koegler is a technology journalist with a specialization on the intersection of business and technology. All opinions are his own. AT&T has sponsored this blog post.