According to a study, by 2025, the Internet of Things may have an impact on the global economy of $11 trillion. Following the Internet wave of the 1990s and the mobile wave of 2000, the Internet of Things was seen as the third wave of technology and is changing all industries. As this new technology boom expands from millions of devices to tens of billions in the next few years, it will have a major impact on infrastructure, standards, security, business ideas and organizational workflows. In addition, as the Internet of Things drives digital manufacturing (Industry 4.0), global manufacturing will witness a paradigm shift in production processes and business operations.

Despite the enormous opportunities that the Internet of Things brings, companies are often hesitant to adopt the Internet of Things because many technologies involving big data analytics, business systems, networks, and security tools are complex and risky. Jim Tully, vice president and distinguished analyst at Gartner, believes: "The Internet of Things will have a huge impact on the economy, turning many companies into digital businesses, promoting new business models, improving efficiency, and creating new revenue models. However, companies realize any benefits. The way will be varied and, in some cases, painful.

However, not all are pessimistic and disappointing. If companies consider the following factors before making this huge leap, then the successful adoption of the Internet of Things is just a few steps away.

1.Return on investment

The return on investment for IoT projects may be different from that of enterprise software, which can help companies in a variety of ways, including cost-effective production, streamlined operations, reduced time, increased efficiency, innovation, and more. According to a recent survey by Tech Pro Research, at least 68% of enterprise IoT users have already achieved some return on investment. According to Forbes, industrial manufacturers' revenue will increase by an average of 27% in 2018, while banking and financial services companies' IoT project investment income will increase by 19%. All of these statistics show that the implementation of the Internet of Things has had a positive impact on businesses. However, this process is like eating broccoli, and its benefits can only be manifested after months or even years of implementation.

2.Infrastructure scalability
In the few months that an IoT solution is adopted, as millions of devices join the network, the bandwidth needs of the enterprise will need to be adjusted. These devices will begin to transmit billions of bits of data, requiring an enhanced cloud storage system. Millions of devices will mean millions of entry points into the system, which requires highly-enhanced networks to protect against security breaches. In general, companies must choose an IoT platform with an ever-expanding architecture type to support the massive influx of connected devices. You don't want to be unprepared, right?

3.flexibility

The need to manage all enterprise devices, simplifying and streamlining device management is critical to the successful implementation of the Internet of Things. The more integrated the IoT solution, the easier it is to implement, maintain, and upgrade. Organizations should look for a solution that is flexible enough to accommodate existing equipment and equipment that may be added in the future. The solution needs to be compatible with existing technologies so that companies are not forced to cut and discard existing technologies.

4.security

Security is a major issue when implementing an IoT strategy. In 2015, Kaspersky published an article titled "The Bad Internet of Things", highlighting the security of the Internet of Things. For businesses, security issues pose security risks associated with employee privacy, unauthorized access issues, and of course hardware and software security vulnerabilities. To minimize such threats, companies need to adopt a ¡°design-safe¡± approach when developing an IoT implementation. But is this enough? Unfortunately, the answer is no. For organizations, it is critical to analyze the various threats they may encounter and always have an exit mechanism. Remember, to achieve peace, we must be prepared for the war.

5.compliance

Companies should be aware of the fact that with the development of the Internet of Things, governments around the world will change their laws and technology-related regulations. In 2015, the Federal Trade Commission (FTC) issued a report urging legislators to initiate ¡°specific measures companies can take to enhance and protect consumer privacy and security,¡± as Americans began to grow from growing Internet of Things devices. Benefit from the world. Although the committee's report does not require immediate adoption of any regulations, the US Congress has begun to consider different approaches to ensure solid privacy and security measures. Obviously, most of these regulations are either related to privacy issues or related to abuse of data. For companies that want to successfully implement the Internet of Things without having to face frequent regulatory fines, these methods are clear but not easy. They need to implement data policies and systems to minimize threats.

Internet of Things creates value for the enterprise
In order to successfully implement the Internet of Things, everyone in the enterprise can play an important role ¨C whether it is a senior official or an IT manager. In addition, by introducing skilled professionals in areas such as wireless networking, cloud, data management, and business processes, companies can eliminate certain Internet of Things issues to some extent. Another option for organizations is to enhance internal skills by working with a professional services firm that has IoT practices.

The value creation of the Internet of Things requires more than just networked sensors and devices. It is also a combination of factors, including big data, cloud, network and infrastructure. Indeed, the Internet of Things is still in its early stages, but in a world that supports the Internet of Things, companies will directly understand how customers use their products; they will be able to sell and customize products to meet their needs; they will be able to improve business forecasts and Ensure a direct long-term relationship with your customers. The Internet of Things is here, but the biggest question is whether the company is ready.