Since the start of IoT implementation, forward-thinking companies have raced to be the first to employ revolutionary IoT solutions. However, more and more companies, though they’ve had success being among the early adopters, have invested in cutting-edge solutions that are already outdated.
The problem is that four years ago IoT was still in the early stages. IoT has now reached its adulthood thanks to the innovating drive imposed by the covid-19 pandemic. For companies looking to scale it means making hard choices on scrapping much of the work previously done and deployed in the last few years and converging on the technologies that won the race. This is apparent in the large-scale shift from closed systems to open-source technologies.
Anyone who had invested in technologies like Sigfox or MiWi, for example, has had to deal with the rise of LoRaWAN and the consequent loss of support for those earlier proprietary technologies. For some companies, this shift might be hard. In the early days of IoT foresight and thoughtfulness often gave way to speed and PR splashes. Company leaders are now rethinking and re-examining their approach to the IoT space.
Some of the questions that are driving the shift to IoT.2 are: Is there a better, faster, smaller, more affordable technology today than the one we chose? Will the current architecture scale well? Are we future-proof? How have sales and deployment models been going? Sure, it might be going great. Some people made good bets on future-proof technology. Some disruptive technologies have been an enormous success.
Cold chain and temperature monitoring in the food industry has allowed manufacturers, distributors, and restaurants to move away from paper recordkeeping to digital recordkeeping. Implementing battery-operated soli moisture sensing and remote valve control has freed up many farmers to do other work.
IoT technologies enabled contact tracing during the covid pandemic’s initial outbreak. But it’s at least worth asking oneself the IoT.2 questions. Acting sooner rather than later might save companies loads of time, pain, and money in the long run. This is the time to ask the hard questions and make harder decisions, before investing further in technologies and architectures that don’t allow easy scaling.
Companies that are due for an IoT.2 don’t have to go at it alone. Only a few years ago this would have meant talking to hundreds of people to find out what was available, but now there are many IoT experts that can advise on the best solutions and have already sorted through the vaporware.
There are aggregators in IoT today. Within a couple of weeks or months, you can identify the next big step on your IoT journey, including a cost-effective way to rip and replace, scrap, and rebuild your new, more innovative empire.