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Any device capable of connecting to the internet and getting controlled by mobile devices would fall under IoT.

IoT’s most important advantage is that it minimizes human efforts while making the process quicker and more accurate with the most advanced sensors and cloud capabilities. Besides these, IoT can offer a secure way of interacting with appliances and products remotely from anywhere.

The internet of things (IoT) is any device that can access and be accessed via the internet, so anything from a computer to a smart fridge or even a toaster can become an IoT product. These products are built by some company, and that process is called custom IoT development of a product.

For instance, if you decide to build a guitar that is IoT-enabled to tune and record and stream directly online, you will need a team of IoT engineers to build this custom product. Once the product is manufactured successfully, you can go ahead with the IoT guitar’s mass production.

The process of developing a custom IoT device or product is long and difficult, especially if you are trying to do it alone without any professional assistance. Several intricate steps go behind making an IoT product; here’s a brief list of the procedure.

• Researching the market to find what people are looking for as a product.
• Coming up with a concept or idea for the product that will help the people.
• Developing a business plan after calculating the cost to build, risk evaluation, revenue streams, manufacturing process, etc.
• Bringing together a team of IoT experts across various modules (Hardware, Firmware, Software).
• Deciding on the hardware architecture and components according to the requirements.
• Creating a hardware engineering roadmap of the product and system blueprint.
• Design the 3D CAD assembly geometry and realize the PCB.
• Parallel custom firmware coding and software development for the product.
• Model simulations until a working prototype is built to test.
• Testing the prototype product based on pre-decided product requirements.
• Finding the factory and mass-producing the product for the market.
• Advertising and sales of the product in the market.
• Continuous support and upgrades on the product.

This is an over-simplified flow of how you could start with IoT and build a custom IoT product. The details run a lot deeper, so you will need a competent IoT development team and a skilled project manager to pull a successful IoT product development project.

There are 4 parts to any IoT solution, and when these 4 main components are perfected, you get an exceptional IoT system. Let’s take a look at them:

Hardware

An IoT is only as strong as the hardware that connects it to the entire ecosystem and collects valuable data. The hardware used could be as simple as a sensor to measure temperature or as complex as a camera to provide a live video feed.

Connectivity

The most important factor that sets IoT devices apart from normal appliances is connectivity. This connectivity to the internet can be provided by various means like cellular, BLE, LPWAN, satellite, WiFi, a gateway/router, or ethernet.

Device Data

The data that the sensor records and sends to the cloud is the lifeblood of the IoT product. So the data collection, upload to the cloud, and further processing is what makes the IoT device work. The IoT device takes certain actions pre-set as per the data readings.

User Interface

Now comes the final, but perhaps the most important component of any product. The user interface needs to be easy, quick, and fun to use for the customers to keep them engaged with the IoT product.

The future of IoT and IIoT (Industrial IoT) is brighter than the sun and wider than any other contemporary technology. The reason for such a strong statement is because IoT will be a part of all the other future technologies that people are looking forward to, like Blockchain, AI, ML, AR/VR, etc.

All of these technologies will have a single common factor, the Internet of Things. At present, the active IoT devices worldwide have crossed 50 billion, which was half of this just five years back. The further adoption of IoT devices will see an even steeper rising curve.

Several threats and security risks make people doubt IoT’s capabilities. There is always skepticism and doubts around new and large technologies; IoT is no different. Here are some of the most common security risks concerning businesses and users:

• Eavesdropping via the device’s camera or microphone
• User data integrity risks of IoT security
• Chances of your IoT devices getting hijacked (hacked)
• Possibilities of industrial espionage by hacking corporate IoT devices
• Device vulnerability towards botnet & ransomware attacks
• IoT security problems in device update management

You can easily mitigate these risks by choosing a highly experienced IoT development agency to build your IoT product or system.