Besides Artificial Intelligence and Machine Learning, Internet of Things (IoT) is what every enterprises is actively looking to adopt, expecting the technology to skyrocket their efficiencies and revenues. Bain and Company research approximates the IoT market will grow to $520B in 2021. Despite all this enthusiasm, enterprises are still working out the challenges in IoT adoption. Here we discuss the challenges in IoT adoption and how the Dell Boomi platform solves these challenges.
Challenges in IoT Adoption
60 percent of companies believe that IoT initiatives look good on paper, but prove more complex than expected.”
1. Data Management
Optimal management of IoT devices and huge torrent of data flow, from these devices is very complicated. Also, the fundamental theme of IoT is to derive precise data analytics and to extract deep business insights, for faster and improvised business decisions.
The landscape of IoT devices is heterogeneous and device standards are very diverse. This creates a data source ecosystem that demands carefully built data governance mechanisms to evaluate the quality of information being gathered, processed, and transmitted. So, building a robust data governance strategy with the intent of continuous improvement is a challenge.
3. Standards and Protocols
IoT encompasses integrating diverse technologies/applications/devices and these don't necessarily generate the same data formats. Most business systems and applications are designed for a specific purpose. This leads to severe interoperability issues. To ensure uninterrupted communication and data flow through IoT, cloud is a challenge as it demands development of communication standards and protocols, which is complex.
4. Disintegrated Business Systems and Applications
The disintegrated technology and business ecosystems are the biggest roadblocks to a successful IoT adoption. Legacy systems are one of the main factors challenging businesses to enhance smooth and easy integration, which in turn makes it difficult for businesses to adopt IoT solutions. Businesses are finding it difficult to choose, customize, and integrate these disparate business systems to drive specific solutions.
5. Privacy and Security
IoT applications scope pervade business systems (internal and external), personal area networks, employee personal devices and so on. Thereby resulting in increasingly serious dependencies. Because of which defining cybersecurity standards to ensure robust security is the biggest challenge. The impact of an attack is comparatively very high, as all business-critical systems and every individual’s device are connected to the IoT network.
6. Lack of IoT Development Tools
The active adoption of IoT by businesses is on a high note. It is estimated by Gartner that around the world by 2020, more than 25 billion interconnected IoT devices are expected to create more than 500 zettabytes of data per year. But to have 100 percent utilization of IoT capabilities, there are no standardized tools, applications or platforms available in the market to enable IoT developers to model, develop, integrate, and manage IoT applications.
7. No Clarity on ROI
Despite knowing the way IoT can transform businesses, stakeholders are worried about budget overruns and what returns his huge investment will create. Precisely calculating the Return on Investment (ROI) of IoT deployments is highly debated in enterprises and often is one of the major roadblocks for IoT implementation.
8. Lack of Expertise
Most enterprises lack expertise and experienced professionals to develop connectivity/integration solutions for successful IoT implementation.
How Dell Boomi Solves Challenges in IoT Implementation
Dell Boomi is an integration-Platform-as-a-Service (iPaaS) that comes with a hybrid cloud platform. This platform provides entire enterprise cloud ecosystems to integrate and optimize the enterprise IoT resources and applications in a smart way. Here the integration process is not just as an application that creates a network of apps, data, and devices with robust API-led connectivity, instead it is considered an integration strategy that drives new-age connectivity and integration solutions. This enables businesses with on-demand integration solutions, where businesses are permitted to choose the integration pattern of their choice with minimal code.
To speed up the IoT development and deployment, Dell Boomi comes with a vast list of connectors, mapping tools (data and indexes), APIs and reusable code blocks, for businesses to easily integrate with almost any application or service. To make it easier for IoT developers, the Dell Boomi AtomSphere platform offers a full-fledged API toolkit to effortlessly develop, publish, and manage their APIs with low coding efforts. This allows enterprises to easily carry on with IoT implementation with less expertise aid.
The centralized Atom cloud dashboards enable users to monitor the on-going integration status and the health of all IoT processes and integrations. This way businesses can have a transparent view of IoT end-to-end processes, thus extending the capability to deal with issues like data silos and unsynchronized software stacks.
Gathering, quantifying, and categorizing the massive amount of data in different data formats is crucial to IoT to derive intelligence and make business decisions. The Master Data Hub data management solution catalogs the data and databases of the IoT platform to shape and discover innovative and associated business prospects capacities and service areas. With master data hub, businesses have an integrated view of the entire IoT data framework. Because of this, varied devices, applications, and systems in the IoT network can transact the data in a more secure and transparent way. Thereby giving no room for data inconsistencies and in turn, boosts business operational efficiencies.
Cyber crimes are getting more and more sophisticated so no systems are fully hack proof. Considering the magnitude of an IoT infrastructure, be it for a medium or large-scale business, security is a huge concern. To keep a strong security layer of IoT infrastructure, Dell Boomi platform offers a three-tier security framework, both for on-premise and cloud. In addition, SL 256-bit encryption is used for data encryption and outbound communications are conducted through HTTPS port 443. This way, the Dell Boomi platform offers full-stack security to the IoT platform.