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BLOG | 17 August 2016

How to Succeed in the Era of the Internet of Things

The Internet of Things is the here and now, but the fast-paced nature that goes with it can get a tad overwhelming. Staying relevant and results-oriented need not be a problem if you know the very nature IoT technology and what it entails.

Living in today’s times is definitely exciting, with how the “Internet of things” is practically everyone’s top consideration. If you are looking to succeed in this decidedly fast-paced wired world, you’ll need to use these suggestions that will have you riding the wave of the “internet of things” with confidence and stability.

Internet of things strategies to help you succeed

1. Slow and steady should be your mantra. Whatever channel you’re working to build, make it a point to launch in either pilot or even beta mode. This allows your stakeholders to see for themselves the kind of return on investment, as well as pave the way for additional funding and buy-ins. Always maximize your data’s values to see what really happens in real time and to seize market opportunities that arise while they are still within reach.

2. Reach out for assistance from different industries. Solution providers learn early on that it is impossible for them to offer complete solutions on their own. Partnerships with carriers, manufacturers and software developers will make the complexity of whatever industry you belong to considerably easier, as well as allowing you to deliver valuable and relevant solutions to your end users.

3. Get vendors to cooperate with one another. Software vendors and carriers now recognize that they need to partner up, which means you can see the results at a much faster rate. The need to leverage technologies has become all the more necessary. Because IoT as paradigm is extremely vast, it’s going to take everyone pitching in to make the pie bigger in order to get his or her own slice.

4. Make solutions that cross industries. There are hot spots for the IoT that exist in a variety of sectors- namely manufacturing, energy and smart cities. However, these tend to be exclusive in terms of solutions. What we need now are people who can determine the attributes that are common across all these verticals and which solutions will address (fix, enhance, or promote) these attributes. Doing so will all the more contribute to the rapid acceleration of progress, which will then spur industry influencers to get together and finally start talking about gaps between and within their industries and its possible solutions.

5. Capitalize on off-grid power sources. These days, energy harvesting is the name of the game. If you are a solutions provider, one of your main goals should be to come up with a product or a service that will enable the people’s smart devices up and running while at the same time consuming little to no electrical power. Electricity is expensive, and each device adds more load onto your users—if you’re causing their power bill to spike, they’re not going to want anything to do with you. Powering up must be sustainable, cost-effective and efficient for people to want it and ensure its continued success and evolution.

These five suggestions will surely help you stay afloat and thriving in these exciting Internet of Things times we live in. If you’re looking to break into the IoT industry, you’d probably find Digital Marketing Trends to Try in 2016 helpful, or you might be in need of a great mobile app development team to get your IoT app made right.

Originally written August 17, 2016. Last updated October 22nd, 2019

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Written by Kinkar Saha

Kinkar Saha founded CodeClouds in 2009. Starting out with 4 members, it eventually grew to hundreds of employees in multiple locations across the globe.

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