The “Internet of Things” (IoT) refers to an interconnected system of devices, appliances, and sensors and that allows the transfer of data over a network. Usually, human-computer interaction is required to send data; however, with IoT it’s unnecessary. Luckily, in today’s connected world, software is everywhere and software-as-a-service (SaaS) companies are rapidly filling the technology gap. This is what the rise of SaaS means for the future of IoT product development.
The connected world
Today, everything is connected. From your car to your home, software is all around us. Powered by trillions of lines of code in intricate systems, the IoT is a constant stream of information influencing the how we interact with our devices and appliances.
If you’re developing an IoT product, your product has to work at all times — system failures are to be avoided at all costs. If it doesn’t, you’re ultimately devaluing your product and inevitably allow a competitor to make the necessary improvements in their prototype. It also needs to seamlessly integrate with the most popular applications and allow software to transfer credible data.
The challenge of IoT product development when software is everywhere
Nowadays, it’s the software that truly differentiates and defines products. Instead of using hardware or mechanics to define your product, you need to rely on software integration to position yours above the rest. Since software is everywhere, you must keep the following in mind when developing your IoT product:
The IoT product development process must be thoughtful
You can’t just design a product willy-nilly and hope for the best. You need to refine your device until it is perfect.
Software everywhere is a blessing and curse
Your IoT product must be rich in features and easy to use. Moreover, it must be simple to repair and update.
Software costs money
This may seem like a no-brainer but when software is everywhere, you need to figure out how much it will cost to keep your product up and running at all times.
Data capture is endless
When software is everywhere, you can capture data from your IoT product all the time. You need to decide what you intend to do with that data otherwise it will overwhelm you and your product.
Security must be tight
When you’re in the IoT product development phase you need to take security into consideration because when software is everywhere and it can be hacked. IoT products require more safety and security features than apps and other traditional products.
If you have an idea for an IoT product, the chances are someone else does to. Your IoT product development stage needs to be on point if you want to be the first to market.