The IoT holds great potential for enterprises needing to solve operational efficiencies, monitor assets, address regulatory compliance, and even create new revenue streams. Finding IoT partners that offer cost-effective, energy-efficient, and scalable solutions takes navigation.
Businesses face a variety of challenges today that can be addressed by the IoT. However, IoT solutions are not one-size-fits-all. What the industry has called IoT, is really a collection of thousands of data points. The common denominator is the power that comes from gaining access to new data, often from small things.
“The increased productivity of workers via IoT-enabled processes could reach a savings of $2.7 billion to $6 billion per year globally in 2025.”
Finding IoT solutions partners takes some investigation, from the silicon, to the device, to the connectivity, to the cloud platform. But before businesses can look at any one of these layers in the IoT stack, they need to identify the problem they are trying to solve and determine where data fits in fixing it, and design a minimum viable IoT solution. Then they should begin an IoT project by selecting technologies based on the specific use case and business problem. Technology is the tail for IoT solutions, while the specific business problem is the dog! This white paper serves to educate on the connectivity part of the IoT ecosystem and how a low-power wide-area network (LPWAN) is a viable option to cellular, Bluetooth, Wi-Fi, and other traditional connectivity solutions, especially for the business that needs to connect devices at scale, and cost-efficiently.