The infographic depicts a 5-step process how companies could think about developing their IoT Solution. It is based on 30+ expert interviews and additional research on current and recent Internet of Things projects

1. 4
Best practices
Implement security mechanisms such as
secure booting, TPM or TLS
List adjacent IoT systems for potential
future integration
Common mistakes
Not building IoT systems in a
modular manner
Not building the IoT Solution on top of
existing standards
3
Business Case Development
Initiate the IoT project by developing the
goal/vision and ROI model
Takeaway: It is most common to start with
a business model hypothesis but some just
explore the technology to find value
How companies start their IoT projects?
64 %
Hypothesis-based approach
34 %
Explorative approach
2 %
Other
1
Proof of Concept (PoC)
Try out a number of use cases
in a small but real setting and quickly
assess the solution feasibility.
Which vendor is primarily in the
lead to coordinate your IoT solution
development?
29 %
IoT Cloud / Platform provider
21 %
No vendor, we build in-house
17 %
SI (System integrator)
13 %
Undecided
20 %
Other
Initial Pilot Rollout
Work with a pilot product or a
customer to implement the technology in
a small but real setting
DOWNLOAD NOW
COMPLETE GUIDE TO
IOT SOLUTION DEVELOPMENT
OTHER SOURCES:
INDUSTRIAL ANALYTICS REPORT 2016 / 17
https://iot-analytics.com/product/industrial-analytics-report-201617/
LIST OF 640+ ENTERPRISE IOT PROJECTS
https://iot-analytics.com/product/list-of-640-iot-projects/
SUCCESS
Takeaway: IoT Cloud / Platforms are leading
the way in coordinating the IoT Solution
Development
5
Common mistakes
Individual system components are initially
not designed to scale to thousands of
devices – requiring major redesign efforts
Commercial Deployment
Roll out the solution to
other products / customers / regions.
Where are most IoT projects currently
being realized?
22 %
Connected industry
20 %
Smart city
13 %
Smart energy
13 %
Connected car
6 %
Smart agriculture
6 %
Connected building
20 %
Other
Takeaway: Most IoT projects are currently
implemented in industrial settings and cities
Best practices
Employ modern project management
philosophies like design thinking and agile
development
Map the IoT skills gap to understand the
kind of expertise that needs to be brought in
from the outside
Best practices
Perform PoCs with several vendors to
benchmark their capabilities
Map the attack surface of the
IoT solution and work with the “security
by design” philosophy
Common mistakes
Not starting the organizational change
effort on day 1 — starting early is crucial!
Underestimating the required time, budget,
and complexity
31-PAGE GUIDE INCLUDING:
• BENCHMARK OF 8 MAJOR IOT VENDORS ALONG
15 COMPONENTS OF AN IOT SOLUTION
• KEY LEARNINGS FROM CURRENT IOT PROJECTS
• 3 DEEP DIVES ON CRUCIAL IOT ASPECTS: SECURITY,
INTERCONNECTIVITY AND MANAGEABILITY
REPORT VALUE $ 999­— DOWNLOAD NOW FOR FREE
https://iot-analytics.com/product/guide-to-iot-solution-development/
White paper | September 2016
GUIDE TO
IOT SOLUTION
DEVELOPMENT
Target Audience:
IoT Business Technical Decision Makers
Companies building IoT Solutions need a structured approach
to enhance the development process. Find out key learnings
from initial pilot projects along the 5 phases of IoT solution
development - including a high-level comparison of major IoT
solution vendors.
authored by Padraig Scully
Knud Lasse Lueth
APPLICATION
CLOUD SERVICES
COMMUNICATIONS
DEVICE
SECURITY
See the guide for a complete
comparison.
Common mistakes
Putting too much trust into one vendor‘s
in-hourse capabilities to build a scalable
solution instead of working with partners
Best practices
Map the engineering requirements
across the technology stack
Understand the ecosystem and its
capabilities for the vendor in the lead
2
Build vs. Buy Decision
Understand the engineering requirements,
the capabilities of key vendors, and
eventually choose suitable vendor(s)
How do leading IoT vendors compare?
(Excerpt)
Components
Device
Management
Operating
System
Edge Analytics
Storage /
Database
Augmented /
Virtual Reality
Modules and
Drivers
17
Components
8
leading IoT vendors
See the guide for a complete
comparison.
= Offering available
What does the technology stack look like?
© April 2017, IoT Analytics GmbHDeveloped in partnership with Microsoft
JOURNEY TOWARDS
SUCCESSFUL
IOT SOLUTIONS