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Choosing Between Building and Buying IoT Solutions Print

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Make or adopt.

WHAT BUYING A COMPLETE SOLUTION PROVIDES

Speed Proven devices and platform Support from a vendor No development cost

WHAT IT COSTS

Recurring fees Limited customisation Dependence on the vendor's direction Data held in their system

WHAT BUILDING PROVIDES

Exactly what you need Control over cost at scale Ownership of the data and the product

WHAT IT COSTS

Development time and skill Certification Ongoing maintenance for years

WHAT THE MIDDLE OPTION IS

Standard hardware with your own platform, or your own devices on a managed platform.

WHY THAT IS FREQUENTLY BEST

It concentrates effort where differentiation lies.

WHAT TO ESTABLISH

Where your value actually is.

WHAT IT USUALLY IS NOT

The device itself.

WHAT IT USUALLY IS

Understanding of the problem, the analysis, and the operational service.

WHAT TO BUY

Anything not differentiating.

WHAT TO BUILD

Whatever a customer would choose you for.

WHAT TO RECONSIDER PERIODICALLY

That division, since both markets change.


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