If your rollout plan looks like a long stream of large-scale and cumbersome updates across thousands of devices. You’re not alone. The proliferation of devices and constant innovation demands a balance between in-house solutions and third-party tools to achieve efficiency and scale. This white paper by Memfault delves into the challenges and opportunities faced by organizations in the hyperscale IoT landscape.
This paper explores crucial areas such as:
- The exponential growth of connections – As per Transforma Insights, the global IoT connections are projected to reach 40 billion by 2033, growing at a rate of approximately 10% annually.
- Why real-time monitoring is imperative – Only 18% of IoT projects are considered successful, highlighting the importance of robust monitoring systems for devices.
- Utilizing popular platforms to reduce costs – Software development now comprises nearly 60% of project costs. Leveraging purpose-built yet off-the-shelf solutions can streamline expenses.
- Third-party SLAs for efficiency – Third-party solutions are cost-effective and expedite project completion, offering a competitive advantage in time-to-market.
- Cost savings through effective tools – VDC Research indicates a $375k average savings for users of third-party tools compared to in-house solutions for device performance monitoring.
By engaging with these insights, organizations can determine the best approach – whether to purchase, develop in-house, or blend solutions for their IoT projects. This strategic decision-making can potentially position them as leaders in the evolving hyperscale IoT market.
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