Smart Industry No.1 2022

case of a supplier of IoT cameras
that discovered a software vulnerability
which exposed a range of
industrial devices to potential cyberattack.
Limited reach – Many industries
that want to use IoT solutions face
the challenges of remote sites located
in far-reaching geographies
and areas that are hard to reach.
For example, an oil rig in the middle
of the ocean or a pipeline that
stretches for hundreds of miles
across the countryside can make
it difficult to get consistent, reliable
connectivity to support the
transfer of data from numerous
sensors out to the cloud or to endapplications.
Power Consumption – Using hundreds
or thousands of sensors also
creates a concern that can impact
cost – battery life. It’s important to
explore how long a battery will last
in an IoT device because the time
and cost of replacement might be
just as expensive as the original
deployment.
As a result, this can have a significant
impact on the total cost of
ownership (TCO) of the project
– sometimes sufficient to affect
overall cost-feasibility. This TCO
issue can leave an organisation
stuck in the POC phase, unable to
move on to production.
While these challenges may seem
overwhelming, there are many
Challenges to using IoT more
Still in Progress
Complexity/Technical
Security
Complexity/Technical
Lack of Budget/Staff
Complexity/Technical
Lack of Budget/Staff
Lack of Knowledge
Security
Compliance
Lack of Knowledge
Complexity/Technical
Lack of Knowledge
Leadership/Team Challenges
Security
Haven’t Found Right Solution
options available for enterprises.
Technologies such as low-power,
wide-area networks (LPWANs) can
provide the simplicity, scale, reach,
security and power needed to take
many IoT projects from concept
(POC) to reality (full production
deployment).
Still implementing our current solutions
Too complex to implement because of technology demands
Security risk isn’t worth it
Want to work out challenges before adding/using IoT more
Don't have human resources to implement & manage
Too complex to implement because of business transformation needed
Don't have budget
Not enough training/guidance on how to deploy
Concerned about consumer privacy
Too many compliance/regulatory challenges
Lack technical knowledge
Too long to implement
Don't know enough
No buy - in from senior leadership
Unwilling to store data on public cloud
No solution that meets our needs
Where IoT Breaks Down
A third of companies are still
implementing their current
solution; 27 percent say the
technological demands are
prohibitive; and another 27
percent feel the security risk
simply isn’t worth it.
Low Power
Consumption
One of the key competitive
advantages of
LoRaWan technology
is the energy efficiency
of the equipment.
29%
27%
27%
26%
25%
24%
23%
22%
22%
21%
21%
20%
20%
19%
18%
17%
Vendors Share the Same
Environment
The LoRaWAN industry standards,
for example, mean that different
vendors’ products can offer compatibility
to allow them to easily
exist in the same environment.
Finally, the automated nature of
these solutions allows organisations
to free up employees’ time to
focus on activities that positively
impact sales and customer service.
By having a better awareness and
understanding of these key challenges,
enterprises can confidently
take the important first step towards
solving them and making
large-scale IoT deployments a reality.
source ©: Hypothesis Group, Microsoft
LoRaWan Differentiators & Benefits
Public and
Private
Deployment
Options
Firmware
Updates
Over-the-Air
Geolocation
Bi-Directional
Security
10+ Year
Battery Life
Coverage in
Rural and
Non-Cellular
Area
Deep
Penetration
(Concrete,
Ground, Steel)
source ©: BrightTALK
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