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What are the ways to achieve cost-effectiveness of the Internet of things?

2025-01-28 Update From: SLTechnology News&Howtos shulou NAV: SLTechnology News&Howtos > Internet Technology >

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This article introduces the relevant knowledge of "what are the ways to achieve cost-effectiveness of the Internet of things". In the operation of actual cases, many people will encounter such a dilemma. Next, let the editor lead you to learn how to deal with these situations. I hope you can read it carefully and be able to achieve something!

1. Don't wait for better technology.

Mesirow advises not to wait until emerging technologies such as 5G networks are deployed before implementing the Internet of things project. This makes sense, as long as your implementation does not require features that are only available in new technologies.

two。 Start with the foundation and then expand as needed

"companies need to start with the basics (building only one application / task at a time), rather than striding forward in enterprise-wide implementations and ecosystems," says Mesirow.

"there is no need to start the animal networking program by dealing with a large and expensive ecosystem. Instead, start with a manageable use case and then build from there. The Internet of things can automate many daily tasks at low cost to improve efficiency, employee productivity and revenue."

After picking the fruit that is readily available, it is time to become more ambitious.

"after some successful pilots have been established, companies can scale up on the basis of business processes, human experience and technology as needed," Mesirow said.

3. Make stupid things smarter.

Of course, it is not always easy to find the most mature drooping fruit.

"companies need to focus on making stupid things smart, deploying infrastructure that doesn't waste money, and providing corporate customers with the opportunity to experience what data intelligence can do for their business," says Mesirow. "once they do, things will get better."

4. Take advantage of low-cost network

"one of the keys to building the Internet of things at low cost is to use a low-power, low-cost network (low-power wide area network (LPWAN)) to provide Internet of things services, which will greatly reduce costs," Mesirow said.

He mentioned that PricewaterhouseCoopers has three separate platforms on which there are about 80 products, which he said cost "only a fraction of the traditional Internet of things products and have built-in security and privacy."

Despite its product advantages, Mesirow correctly points out the efficiency of using low-cost, low-power networks rather than existing, more expensive cellular networks.

5. Balance security and cost

Mesirow says companies need to consider cost and security when planning the Internet of things. "Open source networks will be cheaper, but there may be security problems," he said. "

But any network can have security problems, not just open source solutions. However, Mesirow's overall view is still valid: enterprises need to carefully consider all the factors that need to be weighed in the work of the Internet of things.

6. Consider all the value provided by the Internet of things

Finally, Mesirow points out that "most of the cost-effectiveness comes from the value provided by the Internet of things," and it is important to consider returns, not just investments.

For example, the Internet of things increases productivity by remotely monitoring business operations. It saves energy costs by automatically turning off lights and HVAC when there is empty space, and predictive maintenance alarms reduce machine maintenance. Geolocation can guide personalized marketing for customers' smartphones, thereby increasing sales in nearby stores.

This is the end of the content of "what are the ways to achieve cost-effectiveness of the Internet of things"? thank you for your reading. If you want to know more about the industry, you can follow the website, the editor will output more high-quality practical articles for you!

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