Demand for Internet of Things (IoT) devices – items embedded with sensors, software or network connectivity – is growing rapidly. In fact, it’s been estimated that there will be 50 billion such cloud-connected devices by 2020, a whopping 100 percent increase over a five-year period.
IoT product manufacturers face a number of challenges. In this first installment of a three-part blog series, we will explore challenges product management teams face in keeping costs in check while trying to get their products to market quickly.
Lack of 3G/LTE Frequency Continuity Problems
Ensuring IoT devices have current software can be challenging for product management teams, particularly when those products or devices are physically dispersed around the globe.
When security vulnerabilities need to be patched or when a more updated or feature-rich software package is available, product managers may be stymied by how to cost-effectively apply those updates. Sending staff out to the device locations to manually install software updates would be both labor-intensive and costly. However, relying on 3G or LTE connections in the device locations is often not feasible simply because of a lack of connectivity or a lack of frequency continuity.
Embedding 3G/LTE Technology Can Remove Roadblocks
IoT solutions by Wireless Analytics, available through Norwell Technology Group, can remove these potential roadblocks during the sales cycle. Wireless Analytics’ IoT-As-A-Service solution was designed specifically to help product manufacturers innovate while staying within their product budgets.
Sending technicians out to manually update software is not cost-effective; neither is relying on existing 3G or LTE connectivity. Using IoT-As-A-Service, manufacturers can embed 3G/LTE technologies inside their products, moving delivery to the cloud.
By implementing a “plug and play” solution designed to move the delivery of key software updates to the cloud, you can completely eliminate the need for ethernet-connected updates. This solution can both simplify the deployment process and limit costs, which can mean improvements in scalability for your products.
Embedding 3G/LTE technology in your IoT devices can also help you meet your end customers’ needs and desires for the products you provide. One of the main attributes or benefits of IoT devices is their ability to acquire and process information. By embedding connectivity technology, you’re also improving the usefulness and functionality of your products.
Norwell Technology Group Offers Solutions Designed to Help IoT Product Manufacturers
An IoT project is a fantastic opportunity to lower manual costs and delays in transmitting information. At Norwell Technology Group, we understand the challenges product management teams face and offer solutions that can help limit costs while speeding up the time it takes to get your products on the market.
Stay tuned for the second installment in this series, which will focus on challenges operations teams face with the ongoing management of IoT devices. The series will wrap up with a third blog post addressing the need for CFOs and finance departments to monitor IoT project costs on an ongoing basis.
To learn more and to request a meeting to explore the services we provide, contact us today at 877-277-8648 or complete our quick online contact form.