Although each IoT initiative has its own unique requirements, most IoT projects share common requirements for managing connected devices, communicating, storing, and analyzing the data they generate. Accelerating the development of IoT solutions One of the main advantages of adopting an IoT platform is that it can help reduce development costs. There are no costs for developing and maintaining the solution you create with an IoT platform.
Many IoT platforms offer free trial periods and lower usage levels that you can use to get started without spending, but be sure to consider the cost of changes after the first trial period. There are ongoing costs such as subscription fees for accessing and hosting IoT platforms, hosting costs for self-hosted platforms and lower costs for developing and maintaining bespoke in-house solutions. Using an IoT platform in your business can help you save money, and if you do it right, you can save time.
Let’s start with what an IoT platform is, why it matters to your business, and why it can be a fundamental element of your IT infrastructure, just as important as your PBX. When creating your IoT must-haves list, consider the large number of devices and sensors you will deploy, the likely wide range of providers in the IoT landscape (which is still highly fragmented), and don’t forget to evaluate the ecosystem around the IoT platform you want to choose.
If you don’t, we encourage you to develop a business-oriented, intelligent strategy to reduce costs, increase profitability, performance and productivity by selecting and deploying a fully functional IoT platform. An IoT platform helps organizations (small to medium-sized) to work more cost-effectively with their IoT solutions. It helps to connect hardware, manage different communication protocols, provide security and authentication for devices and users, and collect, visualize and analyze the enormous amounts of data that a typical IoT system generates.
In short, IoT and IoT platforms make it easy and affordable for companies, developers and users to develop IoT systems by providing integrated tools and capabilities. By enabling companies to reduce their development costs, IoT platforms help leverage the benefits of IoT to accelerate time-to-market and streamline the process. IoT platforms enable the realization of IoT projects and the development of IoT solutions faster, cheaper and better.
An IoT platform is a kind of middleware, i.e. It is designed to act as an intermediary between the hardware and application levels. Advanced analytics platforms are designed to support IoT systems that employ AI and machine learning applications to collect huge amounts of data. These IoT platforms gain important insights in real time and enable rapid decision-making.
Once planted, the Internet of Things (IoT) needs a mechanism that facilitates interaction with its environment to flourish. IoT cannot work without software, including middleware known as IoT and IoT cloud platforms. In the form of middleware, an IoT platform sits as a layer between IoT devices and IoT gateways and data on one hand and the applications it enables and builds on the other; it is called an Application Enablement Platform ( AEP ).
With so many possibilities for technology and protocol providers and integrators, it can be difficult for companies to choose the right option.2 Just as plants need chloroplast to extract resources from the environment and harness them for business, the Internet of Things (IoT) ecosystem needs facilitation and platforms to make the best use of available technological raw materials. Generally, an IoT platform serves to balance the gap between supply and demand and generate new value for the IoT ecosystem.3 Platforms connect those who want to implement IoT with technology providers that best meet their needs.
When you talk to leaders interested in expanding their activities on the Internet of Things (IoT), many are concerned about this crucial decision. Enterprises entering the world of IoT may find it difficult to choose from the many available technology and protocol providers and integrators. It is a crowded market with more than 400 providers offering IoT platforms.
It is not only the devices in a LoRaWan network, but also the digital ecosystem of people, systems and things. Industrial IoT platforms are needed to manage all elements of the IoT ecosystem. The only way to control the massive deployment of IoT-enabled devices is with IoT platforms.
IoT platforms seek to address these challenges by offering a range of technologies that bridge the gap between different sensors, assets, devices and software in an IoT system. Since IoT platforms are an essential part of any connected system, there is often confusion about what an IoT platform is and how to find the best solution in a crowded sea of options. Here we explain what the capabilities of IoT platforms are and what companies should pay attention to when evaluating providers.
Industrial IoT providers are constantly developing their platform offerings to meet customer requirements and specific business requirements. Industrial IoT platforms offer various combinations of capabilities, including industrial IoT endpoint management, connectivity, acquisition, acquisition and processing, visualization and analysis of industrial IoT data, IoT data integration and IoT data processing workflows.
The best industrial IoT platform varies from organization to organization, and a single set of platform features may not provide an adequate solution for every application. Your team may need to spend more time integrating the various components and protocols of an IoT solution. Comparison of industrial IoT platforms should be based on your business needs, especially IT infrastructure, and adapt the industrial IoT solution to these needs.
IoT and IoT platforms can save you time and provide more functionality without costing you more money. IoT systems are software intensive and software needs to be kept up to date. Some IoT platforms include a mechanism to update software over the air before installing it on an IoT device.
IoT platforms have become the backbone of professional IoT deployments, with more IoT devices, assets, data, related technologies, network connectivity solutions, architecture and infrastructure evolution, and a strong need to connect and leverage IT to drive IoT efficiently, interoperably, and securely. IoT platforms aim to resolve these issues by providing a variety of technologies that help IoT systems bridge the gap between diverse sensor values, devices, and software. Because IoT platforms are such an important component of every connected system, there is often misunderstanding about what they are and how to choose the best option from so many.