Five Essential IoT Requirements for a Successful Implementation

Today, every industry is seeking ways to use IoT to reshape businesses and society, yet only a small fraction of organizations consider their IoT initiative a success. As they seek the benefits of IoT, organizations face many challenges that require careful planning and specific domain knowledge. Based on Cognizant’s work with past clients, they have identified essential requirements that should be followed to ensure a successful IoT initiative.

Cognizant breaks it down into the following five requirements that should be part of every IoT implementation:

1. Edge Computing & Analytics. Understanding how both local sensors gather data and how edge gateways process it, can result in faster responses to changing conditions and reduce costs for cloud systems.
2. Data Ingestion & Stream Processing. Collecting, storing, integrating, and analyzing data from IoT devices into usable information is crucial to a successful IoT implementation.
3. Device Management. Ensuring IoT devices are properly registered, managed, secured, and upgradable will help an organization reliably scale to millions of connected devices.
4. Cold Path Processing & Advanced Analytics. Unlike analyzing real time data for quick, short term actions, cold path processing can provide deeper insights to improve the business or customer experience.
5. Enterprise Integration. With any IoT implementation, deep integration with business applications or systems can lead to improved efficiencies, reduced costs, increased sales, and increased customer satisfaction.

Following those 5 requirements can increase an organization's chance of launching a successful IoT initiative. Get more planning and strategy tips around those requirements by reading Cognizant’s whitepaper.