The Handbrakes on IoT
The Industrial IoT sector is mostly stuck in expensive and time consuming ‘Proof of Concept’ demonstrations. End-users are asked to focus on the ‘how’ of IoT, rather than the ‘what.’ What can IoT do for my business? What new services do I want to design?
Pent-up demand is aggregating across applications with IoT services growing in governmental / executive mindshare to reduce utility bills, identify wastage (e.g., non-revenue water), improve ESG ratings, predictive maintenance, live monitoring, demand response or asset tracking.
To accelerate mass adoption and graduate from the PoC stage, we must remove three handbrakes:
(1) the risk of obsolescence;
(2) cost opacity; and
(3) complexity of use.
The Risk of Obsolescence
Early adopters of IoT are forced to compile rigid stacks of multi-vendor solutions. IoT infrastructures are typically obsolete well before their due date. Sometimes, before their completion date.
IoT has to handle an inherent stress-point created by its book-ends: the ‘internet’ part evolves continuously from new technologies, to changing regulations and evolving business needs, whilst the ‘thing’ part is installed for 10 years plus.
Rigidity between the IoT end-points leads to cost overruns, service disruptions, enlarged cyber-attack surfaces and eventually to obsolescence.
At Inkwell Data, we have developed a platform in which end-users can “plug and play”, and when necessary “unplug”, so that they can focus on designing the best services for their evolving specific business needs.
With our digital twin middleware platform, Altior™, the end-user can upgrade any part of the IoT value chain over-the-air, where possible, or replace them without affecting the overall system architecture and security. A future-proof approach to IoT deployments.
IoT is a journey. The first question you must ask yourself when selecting an IoT service is: “how will my solutions adapt to change?”.
Our entire approach is designed to promote cost clarity and competitiveness at all levels of the value chain.
- We are able to create a digital twin of any industrial IoT device, including retrofitted brownfield equipment, in a very short time compared to classic approaches, through a novel methodology to construct and validate the digital twin instances.
- Our solutions enable a distributed telecom network approach which leverages on edge gateway technology to turn devices into gateways and significantly increases the number of devices which can be connected to such gateways (with major cost advantages).
- We enable our end-users to create their own custom cloud infrastructure with no third-party dependencies (using Virtual Private Servers or on-premise and hosted data centres in a hosting-made-simple-and-secure way). This offers additional major cost advantages with full cost transparency for the lifespan of the IoT projects.
Our end-to-end device and network management, including tailored cloud infrastructure on public clouds mean we can quote a fixed price, per device, per year, for the duration of the IoT project. No surprises, no re-negotiations with limited bargaining position due to vendor lock-ins.
Total cost transparency.
Complexity of Use
Industrial end-users do not have the time, resources or management bandwidth to create entire new capacities to execute IoT projects.
IoT should be additive to their existing operations and services, not disruptive.
Our stack of solutions is designed for ease-of-use.
Our development technology offers a codeless environment to monitor and manage the IoT network, to support tailored data analytics development, and to promote ease-of-use.
No coding is required. The dashboard, data visualisation and even cloud infrastructure are all designed upfront for our end-users.
In addition, we offer account manager services to ensure that queries are promptly answered and opportunities to further improve the IoT project are identified and developed.