Want to connect your product to the Internet of Things? The first step is giving it sensors and then connectivity to the Internet of Things. In this episode of the IoT Inc Business Show, Adam Justice takes listeners through the two main approaches to get your products, assets, or environment to the next generation Interweb, known as the Internet of Things.
Here’s What We’ll Cover in this Episode
- Business questions to ask when deciding retrofit vs. embedded.
- Situations when retrofitting sensing/connectivity is a great way to get something to market quickly and stay competitive.
- Why the first approach is often an add-on box that adds connectivity options and control to a current device then work on a strategy to build functionality into future generations of the product.
- When retrofitting doesn’t make sense because of expense or effort – the metrics to be aware of and the characteristics of the product that kill this approach.
- Criteria for when a bolt-on or retrofit makes sense.
- General cost for an IoT add-on box to be sold with your product.
- High-level steps to embedding sensors/connectivity.
- How you find the sensors you need and the homework you need to do first.
- Advice on how to work with a third-party to help with sensor selection.
- Costs associated with sensor selection.
- Sensor business models.
- Approach of fog vs. cloud computing – when each makes sense.
- Adam’s thoughts on standard bodies, consortiums and associations.
- Back-end consideration of your IoT cloud or platform.
- Thoughts on data ownership – what Adam calls the sawdust model
To listen to the IoT Inc Business Show podcast featuring Adam Justice, click here.