Developing an Industrial IoT solution is complex. Nowadays, Industrial IoT solutions have stringent product requirements e.g. security, certifications, scalability, information (not just data) using edge computing, and a shorter time-to-market. Moreover, there has been an increase in the in-house product development costs and time which can be attributed mainly to the semiconductor shortage, long lead times, and shortage of engineering resources. All these challenges have given rise to a new way of Industrial IoT product development.
Jay Nagdeo, Acal BFi
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