Very launches first study of IIoT development timeframes

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Leading IoT development firm to uncover how long it takes to bring an IIoT solution to market

Very, a leading full-service development agency specializing in IoT solutions, today launched the first research initiative to fill a key gap in data around the development of industrial IoT (IIoT) solutions and answer the question: How long does it take to bring an IIoT solution to market, and what factors influence this time frame?

Very’s research will include an anonymous survey of 400 manufacturing, engineering, and product professionals who have been, or are currently, involved in an IIoT project. The survey will analyze project timeframes and potential influencing factors including company size, project staffing (in-house versus outsource), and hardware considerations such as the location where manufacturing is occurring and whether the hardware was purchased or custom-designed. Publication of the results is anticipated in a full report by the end of Q1 2020, with intentions to continue research into the future as new factors come into play in the ever-evolving industry.

With three out of four IoT projects failing today due to unexpected complexity, senior engineering and product leaders need more robust data around what to expect when beginning an IoT initiative, and how their projects compare with the rest of the industry. Industrial IoT, in particular, might present the most complex puzzle of all, with numerous expensive moving parts to consider. This unique challenge provides the motivation for Very’s research, according to Ben Wald, co-founder and VP of solutions implementation at Very.

“Very is laser-focused on helping companies develop better, more secure IoT solutions within the time frame that works best for their business,” said Wald. “We’re excited about the opportunity to fill this gap in the research in the IIoT space, and believe it will prove valuable to manufacturing leaders guiding future IIoT projects.”

Individuals interested in contributing to the research initiative can take the survey here, or share the link with interested parties: https://bit.ly/2J9I7fo.

About Very

Very is a technology partner that provides expert product development, software engineering, and design services. The team at Very finds creative approaches to challenging problems in the physical world and builds scalable, smart IoT solutions. By focusing on one project at a time, Very helps clients reach their product goals. Find us on LinkedIn at https://www.linkedin.com/company/verypossible/.

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Veronica Goudzward
Very
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