Succeed with IoT
report series
The ‘Succeed with IoT’ series of sponsored reports are available via free download from their own dedicated web pages for users of IoT solutions. This is a growing series of reports, with some focusing on issues relevant to all industry sectors in the IoT market while others aim for greater depth on individual sectors. We are grateful to our sponsors for making this possible.
The IoT is a rapidly-developing market where devices that can create data are connected via the Internet to servers where that data can be processed, distributed and used. This sounds simple but in spite of this overall success, for a variety of reasons there are increasing instances of individual IoT project failures.
The first report in the series ‘Why IoT Projects Fail, and What To Do About Them’ examines the key areas of past IoT project failures in order to learn from them. It includes both primary research (direct interviews and surveys) conducted by Beecham Research on the topic as well as referencing a wide range of other research. The second all sectors report in the series ‘How to Succeed with IoT’ includes even more new primary research conducted by Beecham Research, examining what to look for in successful IoT projects. These two reports together form the basis for other reports in the series.
This series of reports does not seek to set out ‘one best way’ towards building an IoT solution. Instead, it is intended to provide insights through primary research and from those involved in successful projects. Each report also provides detail on IoT applications, use cases and technical issues related to the report topic. As such, the series aims to provide a set of reference documents for those responsible for IoT projects within their companies or organizations – users of IoT solutions – created by an independent market analyst and consultancy that has specialised in the IoT for many years.
IoT is very important at the moment because it is strategic. In the industry in which we work, the raw materials for production are a critical element for us. The good use for this raw material is crucial and consequently we are trying to get some gains of productivity from these elements. We are also trying to make savings on our energy resources that impact the cost price of our products.
Some IoT projects are successful, i.e. energy management, predictive maintenance and analytics, and we managed to make some savings. We learned a lot, and we understand better how networks function, the IoT ecosystem, and building contacts with solutions providers for our future IoT projects. In summary, we underestimated the complexity involved when deploying connectivity at scale; IoT projects are more challenging than expected and we need to prepare for it.
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