Making IoT projects real turns out to be hard. Really, really hard.
Sure, all worthwhile product development takes time to perfect. But, as software developer Alan Cohen argues, the 80/20 rule for standard product development turns into 95/5 for IoT projects. That is, the first 95% of an IoT project takes 5% of the total development time.
For those keeping track at home, this means that 95% of your IoT development time will be spent on that last 5%.
This means that developers jumping into IoT need to keep in mind that “magical products aren’t easy to make,” and budget their time accordingly.
Tempering unrealistic expectations
One of the first problems confronting any IoT developer is the industry’s distinct lack of standards. In a report, McKinsey & Co. notes that “Interoperability between IoT systems is critical,” but goes on to lament the mishmash of conflicting “standards” that plague IoT’s market potential.