You have an industry leading product and a compelling vision to enable your product with technology. The new IOT enabled product has the potential to disrupt your industry and guarantee your place as a market leader. But you don't know how to make it happen, yet.
You don’t have expertise in information technology and there is no budget to add IT staff. You’re not sure where to source the technology, but you expect that you'll need a consistent supply that is validated with your product. Any failure in the technology will result in failure of your product, so this has to be right.
If you don’t have the expertise in-house the best approach is to find an expert that you can outsource the technology work to. This can be a tricky proposition because this partner won't be helping you with an internal issue. But they are helping you with what you bring to market, what you bring to your customers. Trusting an outsourced partner with this can be very risky but can also help you go to market faster and with a better overall solution.
Below are some risk mitigating factors to consider when selecting an IOT technology partner.
Taking your time to choose an IT partner with the right experience will set you up for success in the IOT market.
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