Do you have a client who would like to see a proof of concept to show how IoT products work? If yes, then this article will help you get started immediately.
In recent years, the Internet of Things (IoT) technology has undoubtedly proven to be one of the most effective technologies for driving businesses.
Its leading roles in business propagations have made it possible for industries to grow using digitalized IoT products and service packages.
It’s even more interesting that the IoT network requires no human-to-human or human-to-computer interaction in driving data across several kilometres.
However, you definitely need a proof of concept for IoT products to get started.
It’s very important to have detailed background proof of your IoT product projections for years ahead of you.
This is important before you dabble into execution of your grand business plans.
Why Is A Proof of Concept (POC) Important?
A proof of concept for IoT is the experimental evidence that measures the degree of feasibility of your (IoT) design.
Similar to a business feasibility plans, it evaluates using data solution, the projected performance of your IoT products over a set time.
A correct proof of concept for IoT products puts you in an informed position to determine the success of your IoT business. In a recent review by Cisco, 3 out of 4 IoT based projects have failed due to lack of quality proof of Product? That’s a huge 75%.
‘But what does a proof of concept bring to the table?’ is usually the question asked by budding product and service developers. It’s obvious they don’t get it yet. Here, you will see how exactly you can do a perfect proof of concept for your IoT products and how that will help you.
Reasons Why You Need A Proof of Concept for IoT Products
Here are 3 good reasons why you should consider some good analysis to give intelligent feedback of your IoT products even before implementing.
- It will help you to minimize risks by offering you risk-free guidance on your IoT products
- A good proof of concept will help you improve your IoT product sales
- Doing a PoC will put you ahead of competitors by keeping you on tabs with possible market pitfalls
How to do a Proof of Concept for Your IoT Products Step by Step
These are 4 quick steps in the preliminary stage of your IoT Proof of concept.
1. Define Specific Problems and Your IoT Product Solutions
What problem(s) have you personally discovered?
How can your IoT products provide the needed solution? These are two primary questions you want to really ask yourself if you’d do a perfect proof of concept for your IoT products. The age of technology is already fast-paced with smart IoT solutions. So, being able to address a custom problem puts your products in good standing on the competitive market.
The point at which you are able to define a problem successfully marks the journey of your proof of concept design. So, you might want to state that problem now.
2. Choose A Trusted IoT Service Provider
You need IoT experts to pitch IoT services for your products and services to the market.
This needs to be done with the highest level of skill and IoT capacity possible.
Your choice of an IoT service provider is very crucial in preparing a smart proof of concept.
Cisco report shows how IoT based businesses don’t fail often due to the lack of ideas, but rather due to limited IoT experience and knowledge.
So, you must do all you can to prepare your proof of concept in the right way – using experienced knowledge from IoT experts.
3. Define Your IoT Product Success Goals and Time Frame
When you have record definition of your goals and objectives, strategies for achieving them become clearer.
While it’s certain that IoT products attract a promising market, it’s your own duty to clearly map out future and time-bound business result projections.
In other words, your proof of concept must have objectives that are near the average of 75% of your entire business goals.
That way, you are building a feasible plan for your IoT products.
Apart from these objectives, it will be a good idea to also define the time frame for which your proof of content for IoT products must begin to show interesting results.
4. Set Up A Cost-Benefit Analysis/ Budget
You must expect that IoT proof of concept implementation will require some costs.
However, you don’t have to incur unnecessary costs and overburdens especially at such uncertain stage.
A quick way to avoid this is to adopt a cost-benefit analysis (CBA) to effectively manage the costs.
This analysis tool does not only help your budget; it also helps you to weigh the benefits of each POC pathway in determining the best alternative.
Based on your IoT product expectations, the value to cost ratio as determined from your cost-benefit analysis is a crucial yardstick to further estimate the strengths and weaknesses of your proof of concept.
Consequently, a friendly budget is one of your goals, so the CBA is great.
Setting Up and Developing Your IoT Proof of Concept
Now in the development stage, the very first step is choosing reusable hardware and software.
A reusable duo is important since the POC is your feasibility stage where you are checking for the best minimal cost/optimum output alternative.
Usually, the right software will be embedded into an evaluation board.
The properties of this board must be similar to that of the chosen hardware for the target IoT device to allow for proper data transfer.
Other sequential steps in this stage include –
- Identifying all data points of entry also called data collection points
- Developing sensor nodes
- Creating an IoT gateway solution
- Connecting sensor nodes to communication networks via IoT gateways
- Linking network connection to a selected cloud channel
- Adapting the cloud properties to meet user interface
At the end of the stepwise development for your proof of concept for IoT products, you need to present the results of the proof of concept via your IoT service provider to all technical teams involved.
This gives you a guided view on how to adjust some of your strategies to appropriately fit projected results.