At a minimum, IoT is a feedback loop for your product.
That is the “quickest win” of the Internet of Things initiative I can think of.
You can enable the feedback loop by attaching the telemetry communication capabilities to your existing product. This way you can take a small step towards making your product “smart”. To be honest, sending telemetry data does not make your product “smart” - it enables a better understanding of how users are interacting with your product and implementing improvements based on gathered data.
I suggest adding yet another feature - Over The Air firmware upgrades. This will enable you to remotely modify/extend the capabilities of your product. I do believe that the OTA firmware upgrade is one of the most important features of any connected product.
Having said that, adding the OTA would significantly increase the complexity of your solution. If you want to start as quickly as possible, you might omit that functionality and implement only the feedback loop (telemetry communication capabilities).
That needs to be a conscious decision as you trade the elasticity and capability of extending your product for simplicity and TTM (Time To Market).
Let me know if you have any questions regarding this topic!
