Industrial IoT Solutions - To Build or to Buy?

Industrial IoT Solutions - To Build or to Buy?

Today’s manufacturing plant floor is complex and multi-faceted. Of course, efficient production is the main goal, but there are numerous tools and processes supporting that objective— from legacy equipment to modern Raspberry Pi devices.

The complexity of this infrastructure only compounds as opportunities grow. And as manufacturers explore the industrial Internet of Things (IoT) and its promises of increased performance, uptime and data visibility, it’s only logical that they wonder if a third-party is really needed for these benefits or if it would be easier to simply build an IoT-based solution in-house.

ROI is at the heart of this question. Can a third-party IoT platform meet your unique needs and efficiently scale with future growth? Or, is it more cost- and time-effective to dedicate internal resources to develop something fully tailored to your specific needs?

It’s not a simple decision. The answer depends on the intricacies of your plant floor, your customers’ expectations, upper management’s and IT’s understanding of your challenges and the offerings of vendor solutions.

But, however unique your plant floor challenges, there are common considerations all manufacturers must examine during their build-or-buy decision process. Thinking about the following industry-wide factors will help you better understand the intricacies of your options and move forward with the best possible solution.

Manufacturers exploring IoT solutions are naturally curious about building their own solution. The idea is logical—internal developers are experts on their specific manufacturing IT needs, and can, in theory, build the best IoT system for the least cost.

Sometimes it works out and a homegrown IoT system delivers as needed. But more often, roadblocks stack up and the internal solution becomes an internal behemoth—consuming more resources, building ever-higher expectations and creating new problems.

IT departments and other stakeholders exploring an IoT solution must examine their unique needs—both today and tomorrow—and perform a realistic analysis of scope, strategy and timeline before deciding whether to buy or to build.

Read the below whitepaper to esure you make the best possible decision for your business.

 

To Build or to Buy? A Decision-Making Framework for Industrial IoT Solutions

It’s not a simple decision. The answer depends on the intricacies of your plant floor, your customers’ expectations, upper management’s and IT’s understanding of your challenges and the offerings of vendor solutions.

 

  • Find out common considerations all manufacturers must examine during their build-or-buy decision process
  • Learn industry-wide factors that will help you better understand the intricacies of your options and move forward with the best possible solution.
  • Make the best decision for your business

 

 

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