The ability to connect, remotely manage, and monitor networked devices via the internet, known as the “Internet of Things” has created one of the biggest threats and opportunities for product manufactures in recent memory.

However, building an IoT solution is complicated. Sensors, short-range RF networks, gateways, security concerns, web services, information technology (IT) maintenance and monitoring, web and mobile application development, and enterprise integration are all parts of the system that must be solved. Enterprises seeking to enter the IoT space often have expertise in building durable goods, but not networking, sensor networks, or IT. Additionally, these enterprises are often very diverse, with numerous divisions, product families, and business models that only further complicate the already-complicated world of IoT.

Exosite is excited to present a piece of IoT news that has been buzzing around the office: the new start line has been drawn on the pavement with a case study covering Quarq's revitalizing changes to the competitive cycling world. Gain access to in-depth IoT insights covering the business challenges, opportunities, the solution, and the results of a company using their innovative ideas, forward thinking strategies, and Exosite's software to propel an industry.

Develop a Prototype

A marathon is run one step at a time, and a connected product development is no different. At first, the ideal framework and set of technology selections may not be clear-cut. In these cases, the first step should be to develop a prototype that can be used to frame out the necessary parameters and understand the pinch points of your IoT product deployment. The prototype should be end-to-end and include a thin thread that connects the sensor through the device, network, cloud, end-user interface, and enterprise integration.

In order for an enterprise to deploy a successful IoT strategy, it must create value for customers, distributors, dealers, service personnel, and users. Much of that value depends on the way in which the selected technology framework allows data to be collected, stored, and shared. Below are outlines of five connected IoT deployment patterns that should be considered in order for an enterprise to select a technology framework that best suits the needs of their connected products and delivers high value for all parties involved.

Looking for a unique, comprehensive, engineer-to-engineer event to end your summer with? Join Exosite in Phoenix, Arizona, from August 19th - 21st as we bring IoT expertise to Microchip's MASTERs event.  The premier technical training conference for embedded control engineers.

Exosite is excited to announce it has received a significant equity investment from Parker Hannifin Corporation (NYSE: PH). This partnership extends Parker Hannifin’s preferred supplier status to Exosite, while providing the necessary fuel to accelerate Exosite’s global expansion plans.

An unrefined IoT business model posses a significant risk to the success of any IoT product deployment. It is important to carefully consider the applicable business models to identify one that best suits the product, organization, and target market. Three business models most common to the IoT space are based on revenue generation, expense reduction, and free services.

Exosite is preparing a third installment of its popular Boot Camp session for August 25th and 26th in Minneapolis, Minnesota.  The upcoming event features a rebooted curriculum that offers in depth IoT insight with a new, two-path design geared towards both technical developers and business leaders.

Atmel® Corporation, a global leader in microcontroller (MCU) and touch solutions launched the Atmel IoT Cloud Ecosystem Partner Program. The new program enables IoT product developers to access the Exosite Ready™ commercial-grade embedded code on qualified Atmel SmartConnect products. This allows developers to access device management, data analytics, and visualizations tools in order to experience an end-to-end IoT solution development environment ‘out of the box’.

Adding IoT to your product roadmap has many benefits, but as with any high-reward opportunity, the risks associated with entering the IoT space can be equally as high. In addition to the IoT challenges you may face when developing an IoT strategy along with tactics on how to address them, we have also identified the following pitfalls enterprises may be susceptible to when seeking to deploy an IoT solution:

Although the potential opportunities that await enterprises willing to make the leap into the IoT market are tangible and rewarding, the road to success is not guaranteed and, unfortunately, an innovative product idea is simply not enough. In order to eliminate the error factor and aid long-term success, it is crucial for enterprises to fully understand the potential challenges of IoT they may face and develop a strategy to address them before embarking on an IoT product deployment.

Industry experts estimate there will be 20+ billion connected products online by 2020, representing an overall IoT market size of $200+ billion. Other studies have predicted much higher growth, suggesting the annual IoT global economic value will exceed the US GDP by 2025. Either way, the number is big and new businesses, business units and products will form and prosper by taking only a fraction of the market share.
However, in order for the IoT industry to live up to the hype, diverse enterprises with complex business models must begin to contribute new, innovative product offerings to the IoT market. Those interested in taking advantage of this face a number of exciting opportunities for growth, differentiation, and discovery that should be identified and fully explored.

Join Exosite in Long Beach, California, from June 9th - 11th at Sensors Expo & Conference, one of the largest and most influential events in the nation exclusively focused on sensors and sensor-integrated systems. With over 200+ exhibitors and 65 educational sessions, this 30^th anniversary celebration promises an incredible display of cutting-edge technology solutions.

It was an exciting week last week in IoT news as Qualcomm Atheros, Inc., a subsidiary of Qualcomm Incorporated, announced the latest expansion of its Internet of Everything (IoE) platform with the addition of new ecosystem providers. Qualcomm chose Exosite's cloud IoT platform software to integrate with its QCA4002 Wi-Fi® solution and its accompanying development platform. This combination will allow durable goods manufacturers to quickly and easily cloud connect devices and jump start the IoE generation of business.