Challenges Deterrent to IoT Startups in 2016


BENGALURU: The world is shifting to a place where trillions of devices are connected to the internet and can communicate with each other. But these abrupt developments have been possible since last decade or so where Internet of Things (IoT) has revolutionized the entire technological landscape. IoT has enabled organizations to track all their assets in real-time and improve utilization of those assets to meet the demand. These IoT-enabled devices can predict required maintenance without anyone having to visit the remote devices. The technology also opens up scope for new markets and many upcoming startups are planning to capitalize on this game-changing technology. The reality is far divergent in what seems as easy steps for IoT to reach its full potential. Don’t believe? Then consider these below mentioned challenges for a broader picture of what will affect the future of IoT domain:

Convoluted environment

IoT spins around an amalgamation of several layers of hardware, software, and countless other systems, where all the devices are connected to the cloud. The process consists of various protocols and standards, combined with the APIs, making it complicated and not user-friendly at all. The beginners have no expert knowledge and the complexity of the process makes it too difficult to get a proper grip and realize the monetary benefits. Moreover, most of the startups work on a single idea without sufficient knowledge about other sectors.

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