10 Challenges Enterprise Face in IoT Implementation

In today’s technological corners, it is important to find out how quickly a newly coined term becomes a buzzword. The easiest example of this context is e-commerce websites. From the consumers perspective, if the product meets the convenience, cost and social factors, then it is immediately gets adopted on the large scale. Here are two critical issues i.e. security and the privacy which are often ignored at the beginning by the consumers and sometimes willingly by the tech leaders also, because of lack of effective solutions, but gradually before these become a serious potential threat, a shield may not be strong enough to develop for keeping the technology functional. For this, one such term i.e. IoT (Internet of Things) was first coined by Kevin Ashton in 1999. The increasing advancement in sensor technology with respect to range, sensitivity, and resolution and the network in terms of speed and coverage led to this revolution.

Even, Accenture’s latest industrial Internet of Things (IoT) trending study has confirmed that about 60% of the organizations are already engaged with IoT projects, and more than 30% are at an early stage of deployment though. Around 69% of these companies IoT initiatives are focusing to decrease the operational cost. Despite the availability of resources and advancements in key IOT components and networks, there are many organizations that have not been able to make the substation benefit out of their IoT projects. According to data released by Cisco, 74% of the surveyed organizations have failed with their IoT initiatives. This is mainly due to there are several human factors which are involved in IoT implementation, beyond the functional elements of sensors and networks. An effective collaboration and integration among all the components of IoT within the organization are needed to succeed.

Below are some of the top 10 challenges in an enterprise that face IoT (Internet of Things) implementation as:

·         Compatibility & Interoperability

As per the market analysis at McKinsey, 40% to 60% of the total value lies on our ability for achieving the Interoperability between the different IoT systems. With numerous vendors, OEMs, and the service providers, it becomes really difficult to maintain the Interoperability between the different systems of IoT.

·         Identification & Authentication

According to the report, there are around 20 billion connected devices at current and for connecting all the devices involves a lot of security risks and not just complexity. Bringing along with a large number of connected devices on one platform needs formalization and system architecture which can identify those devices.

·         Integration of IoT products

For the successful implementation of IoT applications, enterprise requires to integrate various IoT connected products with perfect IoT platform. Lack of proper integration can lead to abnormalities in functions to deliver the value to customers.

·         Connectivity

It is the part of networking challenges, as the internet is still not available everywhere at the same speed. According to global mobile satellite company, 24% of the customers find the connectivity issues as one of the greatest challenges in IoT deployment.

·         Handling Unstructured Data

Growing connected devices will raise the challenges to handle unstructured data on the parameter of volume, velocity, and variety. However, the real challenges for the organizations are to determine which data is valuable as the only quality data is actionable.

Connect with IoT Development Company which thinks the engineering beyond design and work on integrating all the components of IoT in a manner which is focused on connectivity, gaining insights and to maintain accuracy at all the stages.

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