Iot for small or big business?

The Internet of Things is all the buzz in large businesses today, with lots of companies spending a great deal of time and money to try to cash in on the hot new trend. As a number of companies have started to discover, however, the reality of IoT isn’t nearly as glamorous as the hype. Not only do many IoT projects require bringing together disparate parts of an organization that don’t always like — or trust — each other (notably, IT and operations), but measuring the “success” of these projects can be even harder than the project itself.

Expect a wide range of simple IoT solutions focused on traditional business like agriculture and small-scale manufacturing to make a big impact.

On top of that, many IoT projects are seen as a critical part of larger business transformations, a designation that nearly guarantees their failure. Even if they aren’t part of a major transformation, they still face the difficulty of making sense of the enormous amount of data that instrumenting the physical world (a fancy way of saying collecting lots of sensor data) entails. They may generate big data, but that certainly doesn’t always translate to big value. Even though analytics tools are improving, sometimes it’s just the simple findings that make the biggest difference.

For this reason, the potential for IoT within small or even tiny businesses is even larger. While data scientists may be required for big projects at big companies, just a little common sense in conjunction with only a few of the right data points can make an enormous difference with these small companies. Given this opportunity, expect a wide range of simple IoT solutions focused on traditional business like agriculture and small-scale manufacturing to make a big impact in near future.

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