IoT trends: From hype to an essential part of modern business?

Stefan Hudelmaier: “IoT is more than just a passing trend; it’s a tool that supports use cases and solves business-relevant problems, creating real value. Various IoT trends are shaping the market. In the early days of IoT, there was much experimentation – often without clear use cases. As with many new technologies, it became obvious over time that not everything technically possible is economically viable. Often, the commercial success of these early solutions fell short of expectations. We are facing a similar situation today with artificial intelligence.”

Stefan Hudelmaier: “First and foremost, acknowledging the issue is the first step toward making improvements. Companies must rigorously evaluate their solutions and draw the right conclusions to achieve real enhancements. The evaluation process begins by asking whether the current IoT solution creates value. If not, it may be worth reconsidering whether the chosen digitalization approach is appropriate for the company. If there is a clear use case or a strong likelihood of one emerging soon, all elements – from tools to services to processes and costs – should be thoroughly examined. Key questions can help guide this process: Are we focusing on the critical pain points? Do we have sufficient internal expertise for migrating to a state-of-the-art solution? What can relieve our developers and reduce operating costs?

External expertise can assist in this evaluation, such as the 5 by 5 Assessment we offer to our clients, which takes current IoT trends into account. Time and again, we find that an IoT migration – from an all-encompassing platform to flexible, cloud-based solution applications -can be advantageous. While this may sound complex (and thus sometimes meets with resistance), our specialized knowledge of hyperscaler offerings, which include numerous Platform as a Service (PaaS) options, often makes the process manageable in a short timeframe.”