Why are less IoT PoC's failing?
The latest data available from Microsoft in 2019 shows that 30% of IoT PoC (proof-of-concept) projects fail. This is a vast improvement on the previously understood figure of 70%, from Cisco in 2017. Why is this?
From my perspective, there are a number of compounding reasons for this. The supporting technology required to quickly develop fully-functioning cloud platforms for managing your data and devices has evolved significantly. This is where the projects fulfil their most important purpose and maximise benefits and return of investment.
The hardware, connectivity, installation, design and supply chain are all crucial factors. However, if you can't capture the data and do something demonstrably useful with it, the project won't move forwards and will quickly lose momentum.
To create a customised industrial cloud solution, capable of delivering a MVP (minimum viable product) feature set, while maintaining a solid foundation in security, and offering a clear path to scalability, has historically been a complex and expensive challenge. There are the high costs of up front development, the complexities of server deployments, and all internal or subcontract support costs required to keep the solution online. This is underpinned by the risk that the project will still fail for other reasons, making the investment even less attractive.
The good news is that this is all changing. Cloud Platforms have been fundamentally redesigned to address this challenge, and provide a service to customers looking to accelerate their projects through PoC more quickly, providing a higher chance of project success.
Coupled with simpler connectivity solutions and standardised communication protocols, clients can now deploy a completely customised solution in hours and days, rather than weeks and months.
The Go Monitor Cloud Platform can be used to build a completely bespoke IoT solution, interfacing with various hardware and software products. The data is visualised on intuitive dashboards which can be quickly configured to support the changing needs of the project in an agile way. All of this is provided as a service, without the need to learn new development environments and software tools.
Go Monitor recently worked with a client to review their PoC project plan and propose a solution using our modern partnership approach. The result was a reduction in development time from four months to one week.
In addition to this, Go Monitor recognises that a PoC will never be fully specified on day one, so agile development is offered using a simple hourly rate to ensure the platform will develop alongside your business.
If you'd like to learn more about a Go Monitor solution, and how it can benefit your business, please get in touch at email@example.com