Technology Solutions and Practices

Why Is IoT Adoption So Slow? 

08-01-2018 03:05 PM

If the future of IoT happens the way we saw it happen, a lot of businesses are going to get advanced manufacturing shortly. IoT trends vary according to the areas of implementation.

Here are just several examples of how the technology can work for your business:

  • Airlines: Miami International Airport became one of the first to connect its clients with beacons and amazed customers with stress-free, assistive app, which is always to tell you where to go next;
  • Heavy industry: Specialty materials and complex components manufacturer, namely ATI Specialty Materials, implemented the ThingWorxIoT platform to create role-based decisions and manage all the system through interactive applications;
  • Healthcare: Remote patient monitoring that provides people with diabetes with 24/7 information on the blood sugar saving the ill from fatal risks;
  • Food industry: Ward Aquafarms implemented smart sensors to collect and analyze data on subtidal water temperature, chlorophyll values, etc. to offer their customers high-quality oysters, bay scallops, quahogs, and sugar kelp;
  • Tourism & Smart cities: The Belgian municipality of Ottignies-Louvain-la-Neuve applied IoT to become carbon-neutral city by 2050;
  • E-commerce: Asset tracking IoT devices are widely utilized for tracking stock inventory and improve the accuracy of results.

 

Haven’t found your industry among the use-cases? Don’t despair.

Benefits of the Internet of Things are apparent, but the adoption is not that easy. Below we are to enumerate a few reasons why IoT adoption is so rough for many industries [especially for manufacturers].

IoT Technology Adoption Is a Challenge Because...

#1 ...IoT development company has proven to be incompetent. Better tools mean a smooth work for developers who were hired to launch connected things and integrate them with the industrial environment/system of your business.

Fortunately, the growing interest in IoT technology has lead to a healthy competition environment. Unfortunately, by no means, all IoT development companies understand their business direction, namely, how to sell the products, how to pick partners, how to implement new features and monetize them, how to make products secure, and others.

#2 ...decision-making is hard. More often than not it’s easier to abandon the idea than solve the ‘IoT is hard’ problem. At first sight, you might think there is nothing easier than to take your customer’s business idea and turn it into reality retaining the service of a multi-talented IoT development team. However, the trouble is that you need to be able to decipher and follow the confusing instructions of your client. Building an IoT solution is not a Lego-like term, you can’t just take the pieces and make them apart when things started to go bad. Decision-making and healthy way of doing business can help your team not to run into a wrinkle by signing up for a thankless job.

#3...Internet of things security now needs greater attention. IoT vulnerabilities open new possibilities for hackers. When dealing with IoT baby sensors, smart health apps, door locks, or gas pressure industrial controllers you need to think twice before implementing security measures. Noone wants to be shut down in his Internet-connected car in motion. However, the reality is that in 2017 IoT development companies’ security spendings amounted to 1.2 billion US dollars. By 2021 the number is expected to become three times bigger. Probably, the most worrisome cases of IoT hacking include medical devices, which can have consequences on patients’ health.

Bonus: Industrial Internet of Things demands heavier workload than your smart coffee machine. Many businesses working in a specific industrial segment, which demands a higher standard of accuracy of the data gathered, stored and exchanges between the smart equipment. Many of the manufacturers utilize unique facilities practically unfit for IoT technology implementation but needed for production. Many of the companies are not counting on extra spendings when resorting to IoT development company’s service. All these lead to other impediments to turning an IoT project into reality.

What conclusions have we come to? 

  • You can read the never-ending ‘ten-best-practices-for-making-your-IoT-projects-succeed’ posts, but it can help little without the necessary competence in IoT development;
  • You can strictly adhere to your customer’s idea and fail because of the wrong decision-making;
  • You can save on security measures and place the business into the grave before the time;
  • You can insist on a common IIoT solution and lead the manufacturer to the total deindustrialization.

Keeping the things in your head can help you solve the ‘IoT-slow-adoption’ and ‘IoT-is-hard’ problems at once.

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