Return on Investment (ROI)

Return on Investment (ROI) for successful M2M adoption needs to be short otherwise budgets are diverted elsewhere.

return on investment roi

Value can be gained from simple solutions such as fast response to machine problems, through to more complex enterprise integration and a change in business model to deliver service.

For all of the tangible visions that M2M paints, current reality shows that customer's projects often fail to succeed if a Return on Investment (ROI) cannot be demonstrated in the short-term.

Can you answer YES to each of these questions?

If not, it opens the possibility of extended costly developments, which often fail to succeed as management divert budgets to more profitable projects.

  • Does your management team share your vision on the M2M benefits?
  • Do you know how M2M solutions will change your business?
  • Do you know what you really want?
  • Will your customers see value in your new product-set and business proposition?
  • Is there a budget to deliver a roll-out product?
  • Have you identified an M2M telemetry solution to meet your needs that enables you to demonstrate a Return on Investment (ROI) and thus deploy it in a production environment?
  • Have you identified a partner with M2M products and solutions tailored to meet the differing demands that arise throughout the lifetime of a product?

Succesful Adoption

Quite simply, it is not enough to be seen to be using the latest technology - successful adoption will only truly happen if:

  • You are solving a remote machine problem that couldn't be solved before,
  • You are improving the current product offering, and
  • The Return on Investment (ROI) to add the latest technology can be justified.

Forecasts indicate that M2M adoption is likely to be successful if an ROI can be demonstrated within a 6 month period. However, it is also likely to be un-successful if the Return on Investment (ROI) extends beyond 18 months

Keep it simple!

This enables the business benefits to be visible to all stakeholders

Rapid ROI is the key to success!