Major challenges exist for any emerging player in the Internet of Things. Two global IoT partners reveal why the ‘value chain’ makes or breaks any IoT company. This is because integrating smart products in any environment is critical to competing in what is expected to be an $11 trillion market by 2025.
Technical Director at DB Technologies, “DJ”, enables large-scale production of smart devices by leveraging nearly a decade of experience gained from CSR and the creation of Bluetooth Mesh. He says it’s the companies that seek to enhance the capability of existing technologies and deliver both device production and cloud delivery that will come out on top in the next era of IoT. He adds the Bluetooth Mesh was a first step in enabling any phone to control upwards of 64,000 devices at a time.
“The biggest challenge today is mastering the end-user experience,” DJ said. “Our team, along with our cloud solution partners at Droplit, offers a complete solution for end users. While we are a US technology, we are the lowest cost deployable solution in the world today.
DJ says Droplit and his team are new partners in delivering end-to-end solutions and that they work together to address the challenges facing the IoT industry today. Preston Tesvich, COO of Droplit, says his company offers a shared, “universal” platform for connecting smart products. He says, regardless of brand or requirements, the nature of connectivity demands that both companies actively pursue an overall “agnostic” approach to smart technology development.
The top four challenges facing the IoT industry today:
- Getting to the cloud costs companies millions of dollars, years of development
“For big companies who have owned markets for decades these challenges are software-based, firmware-based, and business based,” Tesvich said. “It’s our job to share what the future of the full stack, highly competitive value chain looks like.”
Companies of all sized will spend an average of two years and upwards of $1 million in development costs. More often than not, the final iteration fails to be cloud-ready.
- Partnerships are critical to the maximum scalability of any IoT product
Tesvich and DJ say that rather than replace internal development within large companies, they serve as an extension of the internal team. This approach allows them to greatly cut cost in development time and, in most cases, get company’s device to cloud within hours or days rather than years.
“Why have an internal team spend years on future-proofing technology,” Tesvich says. “We manage the infinite number of feature requests so that internal teams can focus on fine tuning the experience for their end users and customers.”
- If you’re successful in IoT, China is going to be involved
“When you do scale into volume production, the cost of manufacturing in China is the best in the world,” DJ said. “We all speak Chinese within DB Tech. We serve as a bridge that will ensure we have a complete solution at a low cost that’s suitable for a Home Depot or Lowes.”
- Solve for the full value chain, or fail to deliver a solution. There is no middle ground.
“We can get you to market at a fraction of the time and cost with less pain and suffering, DJ said. “I can’t name this customer — it’s a large French brand — but we had their platform up and running in less than eight hours. That’s the difference of doing it on your own or using DB Tech and Droplit.”
DJ and Tesvich add that, whether they teams are working with large companies or small, it is rewarding to enable full control over their devices in the matter of a few short minutes. A majority of companies now receive high demand requests each day to integrate with smart devices like Alexa. Teams at Droplit and DB Tech say they look forward to scaling their solution and delivering a universal platform that can manage upwards of 64,000 devices for any user.
“It’s always a moment of joy for customers,” Tesvich said, “And, in most cases, it’s a moment of joy for developers and product companies that typically don’t see a light at the end of the tunnel.”
For more on Droplit visit www.droplit.io