Search here...
IOT

Optimizing IoT at Scale: Balancing In-Home Options with Third-Occasion Instruments” | IoT Now News & Reports

admin
admin
article memfault how to get more performance from your hyperscale iot project 4

If your rollout plan looks like a long stream of large-scale and cumbersome updates across thousands of devices. You’re not alone. Not only are there more devices than ever before but organisations are continuously introducing innovative new features and capabilities, often through over-the-air (OTA) firmware upgrades. How do you delight your customers, open up new revenue streams and continue to innovate without gumming up the works? This white paper from Memfault explores the common pitfalls and experiences. Learn how investing in a purpose-built, widely utilised and continuously evolving platform for device observability and OTA updates gives organisations an edge in this hyperscale IoT race.

This paper covers several areas including:

  • The exponential growth of connections – According to Transforma Insights, “Global IoT connections will reach 40 billion in 2033, running at about 10% CAGR each year between now and then.”
  • Why real-time monitoring is needed – Only 18% of IoT projects are truly considered a success, so having a system in place to monitor devices and keep these projects on track is critical.
  • Using a popular platform can cut down on main costs – They found that software development now accounts for almost 60% of project development costs. Using something that’s purpose-built but still off-the-shelf can streamline your costs.
  • Third-party SLAs can keep you on track – Not only are they cheaper, but users of third-party solutions are 1.7 times as likely to finish ahead of time. This means nothing getting bogged down within internal teams and a quicker go-to-market.
  • Saving time further reduces cost – VDC Research found a savings of $375k on average for 3rd party tool users on development costs versus an in-house solution for device performance monitoring.

Dive into these core insights and answer for yourself whether buying, building or blending is the right approach for your IoT project today. It could just be the competitive edge you need in this hyperscale IoT market.