Thanks to the introduction of connected products, digital services, and increased customer expectations, it has been the trend for IoT enterprise spend to consistently increase. The global IoT market is projected to reach $1.4 trillion USD by 2027. The pressure to build IoT solutions and get a return on those investments has teams on a frantic search for IoT engineers to secure in-house IoT expertise. However, due to the complexity of IoT solutions, finding this in a single engineer is a difficult or impossible proposition.
So how do you adjust your search for an IoT engineer? The first step is to acknowledge that IoT solution development requires the fusion of multiple disciplines. Even simple IoT applications require hardware and software engineering, knowledge of protocols and connectivity, web development skills, and analytics. Certainly, there are many engineers with IoT knowledge, but complete IoT solutions require a team of partners with diverse skills. This often requires utilizing external sources to supplement the expertise gaps.
The Anatomy of an IoT Solution
IoT solutions provide enterprises with opportunities for innovation through new product offerings and cost savings through refined operations. An IoT solution is an integrated bundle of technologies that help users answer a question or solve a specific problem by receiving data from devices connected to the internet. One of the most common IoT use cases is asset tracking solutions for enterprises who want to monitor trucks, equipment, inventory, or other items with IoT. The anatomy of an asset tracking IoT solution includes the following:
This is a simple asset tracking example. For more complex solutions including remote monitoring or predictive maintenance, enterprises must also consider installation, increased bandwidth, post-development support, and UX/UI for the design of the interface for customers or others who will use the solution. Enterprise IoT solutions require an ecosystem of partners, components, and tools to be brought to market successfully.
Consider the design of your desired connected solution. Do you know where you will need to augment skills and services?
If you are in the early stages of IoT concept development and at the center of a buy vs. build debate, it may be a worthwhile exercise to assess your existing team’s skills and how they correspond with the IoT solution you are trying to build.
IoT Skills Assessment
- Data Science
- Technical Support and Maintenance
- Organizational Alignment
Making Time for IoT Application Development
The time it will take your organization to build a solution is dependent on the complexity of the application. One way to estimate the time and cost of IoT application development is with Indeema’s IoT Cost Calculator. This tool can help roughly estimate the hours required and the cost associated with the IoT solution your team is interested in building. In MachNation’s independent comparison of the Losant Enterprise IoT Platform and Azure, it was determined that developers could build an IoT solution in 30 hours using Losant and in 74-94 hours using Microsoft Azure.
As you consider IoT application development, consider the makeup of your team. Is your team prepared to dedicate hours to the development of a new solution, or will it be a side project? Enterprise IT teams are often in place to maintain existing operating systems and to ensure networks are running smoothly. In the event that an IT team is tapped to even partially build an IoT solution, there is a great chance that the IT team will need to invite partners to build or provide part of the stack.
How the IoT Job Gets Done
Successful enterprises recognize early on that some of these skills will need to be augmented through additional people, through an ecosystem, or with software. It will require more than one ‘IoT engineer’ for the job. According to the results of a McKinsey survey, “the preferences of IoT leaders suggest a greater willingness to draw capabilities from an ecosystem of technology partners, rather than rely on homegrown capabilities.”
IoT architecture alone is intricate. Losant, an IoT application enablement platform, is designed with many of the IoT-specific components already in place. Losant enables users to build applications in a low-to-no code environment and scale them up to millions of devices. Losant is one piece in the wider scope of an IoT solution. In order to build a complete solution, an enterprise needs hardware, software, connectivity, and integration. For those components, our team relies on additional partners from the IoT ecosystem.
The IoT ecosystem, also known as the IoT landscape, refers to the network of IoT suppliers (hardware, devices, software platforms, sensors, connectivity, software, systems integrators, data scientists, data analytics) whose combined services help enterprises create complete IoT solutions. At Losant, we’ve built an IoT ecosystem with reliable experienced partners. When IoT customers need custom hardware, connectivity, system integrators, dev shops, or other experts with proven IoT expertise, we can tap one of our partners to help in their areas of expertise.
Secure, Scalable, Seamless IoT
Creating secure, scalable, and seamless IoT solutions for your environment begins by starting small. Starting small gives your enterprise the ability to establish its ecosystem. Teams can begin with a small investment and apply learnings to subsequent projects. Many IoT success stories begin with enterprises setting out to solve one problem. The simple beginnings have enabled them to now reap the benefits of the data harvest in their environments.
If you need to extend your bench for future IoT applications, meet with a Losant Solutions Engineer to discuss your project.