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The Total Economic Impact Of Sierra Wireless Octave™: Forrester

Sierra Wireless


Abstract:

What if there was a way to not only accelerate your Industrial IoT project’s time to revenue by 9 months on an average, realize an ROI of 88%, and achieve material cost savings in both developing and commercializing your Industrial IoT application? This is precisely the question that Forrester, a leading market research company, explores in its recent Total Economic Impact (TEI) study.

In the course of the study, Forrester looked at multiple companies and conducted a rigorous cost-benefit analysis of their Industrial IoT projects. In its analysis, which spans over a three-year period, Forrester found that these companies, on average, stood to realize savings of 45% in solution development, 30% in device management and 75% in service evolution and management costs.

Where these companies differed in their approach to the Industrial IoT is that they bucked the trend by choosing not to build an IoT application internally – a process, which has proven to be gratuitously expensive, prone to long delays, and has historically shown poor ROI. Instead, they chose Sierra Wireless Octave, the all-in-one edge-to-cloud solution for connecting industrial assets, to develop and scale their Industrial IoT application at a fraction of the cost and time.

Download Forrester’s Total Economic Impact study to:

• Understand, in detail, the blockers and inefficiencies that have historically plagued Industrial IoT projects, and how to resolve them.

• Accelerate your Industrial IoT investment’s time to market, shorten time to revenue and acquire an advantage over your competitors.

• Achieve material cost savings in developing, scaling and maintaining your Industrial IoT application.


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