openPR Logo
Press release

Top 6 Biggest Concerns to Think About When Implementing IoT

04-05-2019 04:05 PM CET | Advertising, Media Consulting, Marketing Research

Press release from: Bython Media

Implementing IoT

Implementing IoT

The Internet of Things can do great things for a business. When implemented properly, it can save you money, boost productivity, and make processes more efficient. However, there are also concerns that need to be addressed.

HIGH INVESTMENT COSTS

High investment costs are a concern because you must weigh the initial investment with the lifetime of savings that you will, ultimately, achieve. The implementation costs will vary based on the sensors that you need as well as the infrastructure that needs to be built.

The initial investment will vary considerably for every company based on size and what is already in place. For example, if you already have a substantial tech infrastructure, you likely won’t have to rebuild too dramatically. Bringing in a professional will give you a better understanding of the expense you are likely to incur.

TECH INFRASTRUCTURE

The tech infrastructure to prepare you for the IoT needs to be capable of connecting to the internet in all aspects. Much of the equipment in server rooms isn’t inherently ready to connect to the Internet of Things. As a result, you may have to spend a substantial amount of money replacing or retrofitting your network so that you can accommodate the IoT technology.

Additionally, you will need a cloud-based network that is scalable, high-speed internet, and all the devices that will connect to provide you with the benefits.

SECURITY PROTOCOL

Security should be a top concern as you don’t want to expose your business to problems. You’ll have more employees using devices. Further, you may not have the layer of encryption and authentication that is needed to truly protect yourself.

There is a big security risk involved when you decide to focus on IoT communication. This means that you need to implement the right devices. It’s also critical that you train your employees on security and encryption so that they understand how the IoT running in the background is going to change the way they do things daily.

SCALABILITY

It’s important that the IoT is scaled properly for your business. In scaling an IoT footprint, you must look at what a network can handle in terms of the number of devices. Further, you must look at whether you’re using pre-existing devices, buying highly specialized ones, or exploring custom solutions.

Scalability must be translated to the company. Ultimately, you will want to add more departments, which can mean a larger number of devices as well as different types of sensors and software in order to streamline more processes.

STANDARDS

It’s important to have standards in place. Unfortunately, the standards being used across IoT are still immature in many ways. Many analysts are identifying that the protocols are not enough because too many companies fail to understand the technology to the fullest. When waiting for a standard or protocol to come forward, it causes a delay in investments. There are plenty of standards in development, but they’re not being released yet because the technology is still new.

The Open Interconnect Consortium is pushing to create a united protocol. This, combined with the draft standard published by the Institute of Electrical and Electronics Engineers, can ensure that a universal language is created for IoT architecture. However, the standards aren’t in full swing yet, causing some companies unease in terms of deciding whether they want to invest yet or not.

Cont Reading....http://bit.do/eNyLj

&

Read 10 Online Internet of Things Training Courses You Can Take Right Away: http://bit.do/eNyKD

About Bython Media

TechFunnel.com is an ambitious technology media web property dedicated to technology news, product reviews, and analyzing how technology affects business, finance, human resources, marketing, government, and everyday life. Technology is changing life as we know it and the future as we imagine it. The goal of TechFunnel.com is to keep businesses and consumers on the cutting edge of a need to know information about the people, product, companies, and innovations that are changing the world.

Contact Info:
8668 John Hickman Parkway,
Suite 1004,
Frisco, TX 75034
+1(214)-295-7705
https://www.techfunnel.com/contact-us/

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Top 6 Biggest Concerns to Think About When Implementing IoT here

News-ID: 1690708 • Views: 185

More Releases from Bython Media

Mastercard Launches Early Pay For Gig Workers
We’re living in the gig economy – one where instead of being held down by one job, people distribute their tie between multiple jobs across multiple companies. While this has in many ways altered how businesses are run, the biggest issue is with payments. Gig workers may not be paid until days or even weeks later. This can create problems for those participating in the gig economy. “Because the experience is
Fintech Trends that Will Transform E-Commerce in 2020
Fintech innovations provide corporations like yours with enhanced communication, improved efficiency, and a more profitable bottom line for your e-commerce. Keeping track of these innovations and upgrades is critical for your business success, which is why we’ve compiled six of the essential fintech trends for 2020. These changes will exponentially transform the e-commerce marketplace, so don’t neglect their benefits. Regtech Will Be Huge in 2020 Compliance tasks take up around 15 percent of
Top Emerging Finance Technology Trends to Know
The evolution of technology is disrupting and redefining every sector as we know it. The finance sector is no exception. In just a few years, we have seen new forms of currency, banking, financial services and expansion that previously were not possible. One example of expansion, writes TechFunnel’s Marco Islas, “is the exponential growth of Ant Financial, the digital payments arm of the China-based tech company, Alibaba, who gained 100 million
3 Ways AI Bots Can Improve Your Marketing Automation Efforts
Marketing automation has helped to connect customers to product and services provided by companies and helped those same companies to streamline their marketing efforts allowing them to spend less time on operational execution and more on strategy and storytelling. There are lots of marketing automation programs available that now help marketers and business organize, optimize, and automate their campaign elements. One tech element that can help automation efforts but doesn’t get

All 5 Releases


More Releases for IoT

Global IoT Gateway Market
Global IoT Gateway Market – Industry Analysis and Forecast (2018-2026) – by Node, Connectivity Technology, Component, Application, and Region. Global IoT Gateway Market was valued US$ 11.5 Bn in 2017 and is expected to reach US$ 85 Bn by 2026, at a CAGR of 28.41 % during the forecast period. The objective of the report is to present a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, industry-validated
Global IoT Software Market
Global IoT Software Market is segmented into type, application, and geography. On the basis of type, a market is segmented into Real-time Streaming, Analytics Software, Security Solution Software, Data Management Software, Remote Monitoring System Software, and Network Bandwidth Management Software Global IoT Software Market was valued US$ 1.5 Bn in 2017 and expected to reach US$ 7.9 Bn in 2016, at CAGR 23.8% during forecast period. Browse Complete Premium Research
Global IOT Sensors Market
Global IOT Sensors Market – Industry Analysis and Forecast (2016-2024) Global IOT Sensors Market was valued at more than US$ 4 Bn in 2016 and is expected to cross US$ 45 Bn by 2024, at CAGR of more than 40%. The increase in IoT sensors market growth is driven by the certain key factors such as development of cheaper, smarter, and advanced sensors, rising market demand for smart devices and
IoT Data Management Market
The demand for IoT data management has increased due to widespread adoption of end-to-end data management platforms to capitalize IoT data more efficiently. Moreover, modernization of data warehouse architecture, rising need for data security and data traffic management, and rising implementation of IoT device security for data encryption are some of the other factors driving demand in this market. The global IoT data management market can be categorized based on type
Telecom IoT
Publisher’s market research analysts predict the global telecom IoT market to grow steadily during the forecast period and post an impressive CAGR of more than 42% by 2020. This industry research report identifies the growing adoption of intelligent transportation systems (ITS) to be one of the major factors that will have a positive impact on the growth of this market in the coming years. In addition to enabling operators to
IoT Processor Market
In this connected world, internet of things (IoT) is fueling every aspect of human lives. The data that is generated every day from these connected devices is humongous. Proper functioning of these connected devices requires real time exchange of data and information amongst them so that they can solve human problems. In another word IoT means more data, more sensors, agile responses, end-to-end connectivity and smarter user interfaces. All these