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Skip proof-of-concept stage, businesses told at IoT Evolution Expo
Businesses should bypass conducting proof of concepts for Internet of Things developments, according to a keynote presentation at IoT Evolution Expo today.
“Never do a proof of concept,” said Chase Hawkins, strategic engagements, Azure IoT Engineering at Microsoft. “Go to proof of value. We know the technology works.”
Most of the focus in the presentation, “IoT as Gateway to Digital Transformation: Leveraging Innovation to Drive Business Change,” was on business rather than technology.
“The Internet of Things is about competitive advantage and revenue,” said Hawkins. “By 2025, $11 trillion of economic value will come from IoT.”
Hawkins said companies typically go through three primary stages of IoT:
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Connect and monitor. This is where smart devices get connected and signals from devices start to arrive.
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Analyze and improve. When businesses optimize their usage of connected assets and information collected.
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Transform and expand. This is the stage of growth when new business opportunities are developed.
To read the rest of the article, visit IoT World Today.
