Deciphering the real cost versus benefit of investing in IoT

IoT has the potential to transform companies from simply being product manufacturers, to becoming service providers but a sizeable investment in a new way of working needs to be cost effective and proven to deliver results.

Relying on loose concepts won’t ensure success. Plus, every company will have different pain points and business needs for implementing IoT and different expectations for where and how they expect a return on their investment.

Far too often, technology already in deployment is thrown away for new systems. Yet, in many cases, junking good infrastructure is completely unnecessary. So, how can businesses prove that an investment of this kind will really have an impact where they need it? Especially when complete IoT deployment use cases by every sector are still in short supply.

An excellent new report from IoT tech giant PTC has just been released that presents clearly explained examples of IoT value propositions. It also defines an ROI model for building a business case and tracking results related to IoT initiatives.

This paper uses real-world customer results and a set of key metrics to help executives and managers understand how to map their business case and the return they should expect when investing in IoT; a payback, this report states – that can be measured in just months if the business planning is done correctly.

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FEATURED IoT STORIES

9 IoT applications that will change everything

Posted on: September 1, 2021

Whether you are a future-minded CEO, tech-driven CEO or IT leader, you’ve come across the term IoT before. It’s often used alongside superlatives regarding how it will revolutionize the way you work, play, and live. But is it just another buzzword, or is it the as-promised technological holy grail? The truth is that Internet of

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Which IoT Platform 2021? IoT Now Enterprise Buyers’ Guide

Posted on: August 30, 2021

There are several different parts in a complete IoT solution, all of which must work together to get the result needed, write IoT Now Enterprise Buyers’ Guide – Which IoT Platform 2021? authors Robin Duke-Woolley, the CEO and Bill Ingle, a senior analyst, at Beecham Research. Figure 1 shows these parts and, although not all

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CAT-M1 vs NB-IoT – examining the real differences

Posted on: June 21, 2021

As industry players look to provide the next generation of IoT connectivity, two different standards have emerged under release 13 of 3GPP – CAT-M1 and NB-IoT.

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IoT and home automation: What does the future hold?

Posted on: June 10, 2020

Once a dream, iot home automation is slowly but steadily becoming a part of daily lives around the world. In fact, it is believed that the global market for smart home automation will reach $40 billion by 2020.

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RECENT ARTICLES

Renesas and wolfSSL enable ready-to-use IoT security solutions based on embedded TLS stack

Posted on: October 27, 2021

TOKYO, Japan and EDMONDS. Washington, October 27, 2021 ― Renesas Electronics Corporation, a supplier of advanced semiconductor solutions, and wolfSSL, a provider of embedded security solutions, announced a multi-year licensing agreement whereby customers of Renesas’ 32-bit MCU offerings can obtain a free commercial license for the wolfSSL TLS (Transport Layer Security) stack with integrated Renesas hardware

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Infineon and Hyundai Motor Group to nurture startups focusing on future mobility and digitalisation

Posted on: October 27, 2021

Munich, Germany, Seoul, South Korea and Singapore. October 27, 2021 – Semiconductors are at the core of emerging technologies that enable digital transformation. To amplify startup engagement Infineon Technologies AG has signed a memorandum of understanding with Hyundai Motor Group.

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