How Can Landlords Avoid The IoT Proof of Concept ‘Trap’ | Connected REM
During the CES Show in Las Vegas, Lou Lutostanski, Avnet Vice President of Internet of Things (IoT), recently shared five tips on how IoT solution developers can keep their ideas out of the “proof of concept” purgatory. There is a 75 percent failure rate when it comes to taking IoT ideas from their initial conception and full implementation.
“The ability to move an IoT concept forward requires careful planning and continued commitment,” Lutostanski wrote. “Product developers and their leadership must go all in on development—otherwise there is a risk of getting stuck in limbo, caught between the dream of what IoT could do for your business and the reality of today’s ROI—a limbo know as proof of concept (PoC) purgatory.”