Updated: Mar 23, 2022
IoT technologies have the power to enable small and middle market companies to achieve significant improved business outcomes, from improving operational efficiencies to reduced maintenance and labor costs to identifying new revenue and product opportunities. Still, a recent survey found that less than 10% of small businesses and less than 30% of middle market companies have deployed an IoT project. And in some cases, these organizations are abandoning pursuing an IoT strategy all together.
Among the top reasons why:
o High costs of implementation and deployment
o Concerns over data security and privacy
o Technical complexity and lack of skills to integrate IoT solutions with existing systems
o Difficulty in maintaining and supporting IoT systems
How Can Today’s Small and Middle Market Companies Be Successful in Deploying Affordable and Secure IoT Projects?
For small and middle market companies to invest in deploying any IoT project, developers and system integrators must deliver solutions that are:
· Affordable and provide a fast path to realizing ROI
· Easy to use, maintain and can be expanded as needs change
· Easily integrated with existing systems
· Secure and minimize unnecessary data processing costs
Ready-to-Use LoRa Hardware and No-Code All-in-One IoT Software: Deploy in Days, Not Months
LoRa is increasingly gaining traction as a preferred wireless standard for IoT projects in Europe, Asia and now, the United States. Offering low power consumption, wider distance coverage (going as far as 20 kilometers or more) and affordable connectivity costs, LoRa can be applied across a wide range of IoT use case scenarios. These include smart agriculture, smart city, smart manufacturing and others.
When paired with no-code all-in-one IoT software (like Machinechat’s JEDI One), ready-to-use industrial grade LoRa gateways and sensors, such as SEEED Studio’s SenseCAP line, can enable developers and system integrators to quickly deploy field ready IoT projects in days versus weeks and months.
More importantly, developers and system integrators can focus more of their time and technical resources on creating an enhanced user experience and integrating the IoT project with a customer’s enterprise business applications and goals. (Let’s face it, most developers don’t earn any kudos or credit for the time spent building custom middle layer software that no one sees or hardware solutions that can make customers feel like they are locked in and co-dependent on you. Developers that can deliver easier to adapt, flexible solutions are more likely to earn repeat business and grow their IoT business.)
For small to middle market companies, this can provide them with a fast path towards leveraging the business benefits of IoT. Additional benefits include:
· Lower overall development and deployment costs
· Local control over data and reduced cloud data processing costs
· Enhanced data privacy and security
· Easier integration with existing systems and applications
· Path to expansion as needs change without the need to build more custom hardware or software
· Reduced complexity and cost of maintenance and support by using hardware that can be readily purchased off the shelf
Want to learn more? Sign up to request a copy of our white paper on how to build an affordable and secure LoRa IoT deployment and to keep up to date on other Machinechat news and articles.
Or register for our upcoming LoRaWAN webinar on March 31, 2022 to learn more about the advantages of LoRa and how companies are leveraging ready-to-use bundled IoT solutions to build and deploy their IoT projects faster.