FACTORS INVOLVED WITH IOT SOLUTIONS
IoT, still in its development has a lot of factors tied to it. With every passing day, advancements in technology are paving the way forward with new IoT solutions. This brings with it potential, but also pitfalls. Read ahead to see what factors pose considerable influence over the development of new solutions as well as their adoption in the market.
Due to the fact that IoT is still in its development phases, a lot of time is required for the proper implementation of an IoT based solution. From developing a resource to testing it, everything takes time. And sometimes, the client’s requirement is mission critical. Click here to read more about the time involved with the development of solutions and why that hampers greater market penetration.
Within the commercial world, everything has a price. The provision of services and manufacturing of custom developed parts are a few of the most considerable costs however they’re not the end of a list as long as the development cycle itself. Click here to read more about the finances that go with the development of solutions and why that impedes a higher market adoption of solutions.
With current IoT service providers, the model in use is that of client and server. This basically means that a server in the middle controls all communications between devices. This in turn means, that as soon as the server gets hacked, every device will be vulnerable. On a side note, LGTech uses the node to node model which means every device is a client and a server in itself. Hence, one can forget about one device getting hacked and leaving the rest of the channel compromised.
With current IoT service providers, the model in use is that of client and server. This basically means that a server in the middle controls all communications between devices. This in turn means, that as soon as the server gets hacked, every device will be vulnerable. On a side note, LGTech uses the node to node model which means every device is a client and a server in itself. Hence, one can forget about one device getting hacked and leaving the rest of the channel compromised.
Within the whole IoT ecosystem, there are considerable factors that need to be assessed before deploying a solution. What happens when you invest significantly in a solution, and your competition comes out with the pretty much the same thing right the next day? All of a sudden everything seems to have gone to waste. Click here to read more about other factors which considerably delay decision making and offer quite a barrier to development.