As small as many Internet of Things (IoT) devices are, a huge amount of work goes into getting to market with IoT innovation. Many businesses recognize the opportunities in developing an IoT device for enterprise or consumer use. Yet, they lack the know-how to do it. Getting to market with IoT innovation involves expertise in a range of areas. Consider these essentials
The market for IoT innovation is appealing. Worldwide technology spending on IoT is expected to reach $1.2T in 2022, attaining a CAGR of 13.6% over the 2017-2022 forecast period according to IDC. Many businesses want a piece of that.
Still, taking IoT innovation to market is not without its challenges. There are many different factors to consider:
In choosing the technology that will perform best for your application, you need to design a reliable product for all relevant conditions. Your chosen technology, operator, and market may also have different regulatory certification needs.
Developing an IoT innovation and getting it to market draws on many different core competencies:
Testing is its own beast. Most organizations don’t have an extensive in-house testing center. Will testing equipment be purchases or rented? What are the company’s plans for future IoT innovation? Can the capital expense of investing in test equipment be justified? Will testing be expedited if done internally? Or is your GTM deadline better served by outsourcing?
Testing an IoT application involves many components including:
Testing can be expensive and time-consuming, but it can’t be rushed. Without this important design validation stage you could end up volume manufacturing an IoT innovation that doesn’t function as promised. Consider the resources you’ll have wasted. Not to mention the brand reputation damage. You don’t want to have to try and recover from that kind of market misfire.
Before you get to compliance testing or manufacturing, take the necessary time to test all the important factors of your IoT design. Validate connectivity factors such as:
Devices with mobility or with more than one transmitter also need to test the device’s ability to manage transitions from one mobile network to another or the ability to transmit different signals on the same device.
Each business typically has its own area of expertise. It may think it has the diverse skill sets needed to realize its IoT objectives. But when it comes down to it, even they’ll end up needing outside help. Maybe it’s a matter of tuning the antennae for the LTE NB-IoT radio frequency, or connecting the sensor to a device at long-range. Or there’s no equipment in house for the necessary product testing.
We see it all of the time as XPNDBLS offers expertise in all of these areas. Offering a turnkey solution provider with a primary focus on IoT development. Our team brings together decades of experience in product and hardware and software development as well as engineering, design, manufacturing, and pre-certification testing. Plus, we do it all in one place for greater collaboration and timeline efficiency.
Let XPNDBLS provide your creative and innovative IoT solutions. Contact us today!