The IoT is transforming various sectors and can help businesses develop new products and access big data, however, with no two IoT projects being the same, it can be difficult to choose a partner.
Set your goals
All business projects should, of course, start with a clear goal. But the important thing to remember here is that ‘choose an IoT partner’ isn’t the goal. Rather, you should be thinking in terms of the business problem you need your IoT partner to help you solve. Do you want to develop a new connected product, or are you seeking to deploy connected products within your own organisation? Do you need support with hardware – the connected devices that will form your IoT endpoints – or software – the connectivity that will link them together, and the analytics engines that will process the data they collect? Are you seeking a partner for a particular stage in the IoT chain, or an end-to-end solution? Setting clear goals for your IoT partner is the foundation on which the rest of the selection process is built.
Tern plc (LON:TERN) backs companies with proven technology, based in the UK but with global ambition. They predominantly support software companies which develop commercial IoT security, enablement and analytics solutions for the healthcare and industrial sectors, where safety and regulatory compliance are important market requirements.