Navigating the IoT market can be difficult, especially given the perceived barriers to entry when launching a new project. However, by identifying exactly what building blocks IoT service providers need to take into consideration when first creating the proof of concept for their product, these challenges can be more easily understood and therefore overcome.
In the first episode of our IoT Masters series, Francis D'Souza, Head of Strategy for Analytics and IoT Solutions, at Thales, explains the seven key characteristics that determine the make-up of every successful IoT product and talks through the confusing jargon that IoT creators will need to know in order to operate successfully in this market. He also addresses the common concerns that new market entrants often have when starting out in the IoT industry and how best to deal with these challenges including:
- Why IoT' creators' need to first establish their business case before creating their product, and how to do this
- The different considerations and technical requirements needed to factor into the design of an IoT product - depending on its intended function
- How the advent of 5G might change how IoT projects are developed and deployed
Francis also uses the example of a connected car and compares it to a connected smart meter, in order to demonstrate the external factors that play a role in creating parameters for any technology used in the IoT device. Getting these things right during the design process, will inevitably determine if the connected device will be reliable and serve its intended purpose.