MISCELLANEOUS FACTORS INVOLVED WITH IOT
With all the hype around IoT it is often easy to forget how many factors are involved in the development, and subsequent deployment of IoT solutions. Read on to see what factors influence IoT development and market penetration.
INCOMPETENT WORKFORCE
One cannot simply bank on an incompetent workforce and expect to make way with developments. If the workforce is not up to the mark, the management will have no one to direct in accordance with their views and ideas. This will ultimately lead to a disappointing result, not something anyone would want.
COMPETITION
Is there somebody else already investing in the same technology stack or market share that you’re interested in? What happens when they enter the market at the same time as you? With maybe a better solution even? Proper market research is the only way of recognizing these threats before you make a decision you are going to regret.
REGULATIONS AND LAWS
Every region has its own laws regarding the development and deployment of all things technological, electronic as well as electrical. For that purpose, having a legal team can prove useful. Otherwise, it is advised that every single aspect of the company be thoroughly vetted against regulatory policy so as to avoid problems later in time.
