What is an IoT Platform? IoT Platform Advantages & Capabilities

Like a LEGO™ set, composable architecture allows for complex systems to be built by combining smaller, modular components that can be easily assembled, interconnected, and reused. Administrators can add new hardware resources to the pool, and the composable infrastructure can automatically incorporate these resources into the available pool. The sportswear company created a single library of content that feeds all of its systems — wearables, mobile, kiosk, and beyond. Instead of rebuilding the New Balance commerce experience from the ground up for every system, the use of common composable architecture suitable for every situation was far more effective.

Wearables, remote patient monitoring devices, and IoT-enabled medical equipment are making healthcare more personalized and efficient. According to a report by MarketsandMarkets, the global healthcare IoT market is projected to reach $188 billion by 2026. The demand for innovative healthcare IoT solutions is likely to soar as the population ages and healthcare becomes more digitized. Industrial IoT (IIoT) is radically altering the landscape of manufacturing and supply chain logistics. By integrating sensors and data analytics into industrial processes, IIoT optimizes operations, minimizes downtime, and bolsters safety measures. McKinsey estimated that IIoT applications could have an economic impact of up to $3.7 trillion annually by 2025.

Best IoT Platforms for 2023

It runs on Apache Tomcat and provides highly tuned MongoDB and HBase implementations. You can deploy SiteWhere to cloud platforms like AWS, Azure, GCP, or on-premises. JFrog Connect is an agile solution for connected edge devices making remote product maintenance even easier. We allow companies to manage their remote Linux and IoT devices in one place, from any location. The most essential are data collection, management of devices, configuration management, device messaging, and OTA updates.

  • CMP makes you able in reaching for the IoT & M2M projects worldwide being a combination of the connectivity services and various management tools.
  • Any IoT architecture essentially has hardware, firmware, cloud backend, UI, and mobile apps, which we have further explained below.
  • As IoT-enabled services become an increasingly important part of how organizations serve their customers, delivering IoT at scale can be a challenge.
  • Fortunately, this becomes easier as modern collaboration platforms replace outdated tools to provide a single source of truth data, intuitive modeling, and performance dashboards.

To move forward, supply chain managers need more flexible, dynamic connections between trading partners to replace their current point-to-point, static connections that are unable to adapt to sudden, unexpected supply chain disruptions. This article discusses how today’s supply chain technology can help businesses build more resilience into their supply chains moving forward. An IoT platform allows you to manage the lifecycle of IoT devices and sensors—from planning and onboarding, monitoring and maintenance, through to retirement—remotely from a centralized location. Robust device lifecycle management processes are often neglected in early-stage IoT projects, when the focus is on building and launching a solution, but they are fundamental to scale a rollout and maintain reliable performance.

Hardware Development

IoT is one of the most important technologies and it continues to advance as more businesses realize the potential of connected devices to keep them competitive. An IoT ecosystem consists of web-enabled smart devices that use embedded systems — such as processors, sensors and communication hardware — to collect, send and act on data they acquire from their environments. Firstly, the cloud provides unlimited scalability, which is crucial as the demand for handling and storing Big Data from thousands of devices is continuously growing. Secondly, the cloud enables remote development and management, which is extremely convenient when connected assets are scattered across cities and countries. The pandemic illustrated that we need to do more than simply invest in building effective supply chains — we need to place an equal priority on maintaining them.

what is an IoT platform

The ‘Industrial IoT Platform market’ size considering 2022 as the base year, with history and forecast data for the period from 2023 to 2031. In recent years, a series of factors are affecting the development of the Information & Communication Technology industry. They look at the IoT platform and trust they’re getting the complete solution they need—then realize the mistake six months into development.

What are the types of IoT platforms?

Kimona Create is a DIY construction kit for prototyping electronic devices. Kimona Studio is the development environment that functions with Set up and the Kinoma Platform Runtime. Kimona Connect is a free iOS and Android app that links smartphones and stands with IoT devices.

what is an IoT platform

Before you get to the technology decision process though, make sure you’ve already ticked off the other areas to assess desirability and business and data decision areas for viability. By now, it should be clear that there are many benefits to leveraging commercially available IoT platforms. But believe it or not, many companies, particularly those who are engineering-driven, believe that they need to build every single piece of their IoT solution. Very early on, during the discovery stage, you want to leverage as much off-the-shelf hardware as possible.

What is an IoT platform?

With her passion for writing as well as excellent research and interviewing skills, she shares valuable knowledge on various IT trends. Wiliot is backed by telecoms industry firms such as Verizon, NTT Docomo, Samsung, Softbank’s Vision Fund 2 and Qualcomm. The growing concern for the environment and the need for actionable data make this a promising niche for innovative startups. That said, naturally, the growth promise of a particular market is only one of many factors you need to consider when you choose the right niche for your startup project.

The issue will be when the time comes to update the content in hundreds or thousands of deployments. Of course, these can be updated manually by someone visiting each one, but that’s time-consuming and not cost-effective. While IoT platforms will help with the feasibility aspect by allowing you to fast-track and reduce risk in the development process, this should only be approached once you’ve answered the first two questions. Adoption & outlook, Ecosystem growth, Integration and scalability, Application Enablement, Cloud IoT components, Edge orchestration, Edge data processing and Edge IoT components. Salesforce is a specialist Customer Relations Management (CRM) IoT platform. By using and analyzing the data received, it aims to provide a better and more relevant experience to the customer, thereby creating stronger relationships.

What is the internet of things (IoT)?

And further down the line, an effective IoT platform allows organizations to grow revenue with value-added capabilities to deliver IoT services. An IoT security solution is an absolute essential to doing business in today’s connected world. Without security, your business is vulnerable to hacks and data security breaches. Private information can become public and exploited, threatening the well-being and reputation of your company, your customers and business partners. “As-a-service” business models help you stay closer to customers and gain a competitive advantage by creating new products and differentiating services that can provide resilient, recurring revenue. An IoT platform with powerful analytic capabilities enables you to access this key data and discover insights.

what is an IoT platform

You can think of these platforms as the middleman between the data collected at the edge and the user-facing SaaS or mobile application. Users can use their product with remote control and real-time monitoring function, configurable alerts or notification, pluggable cloud services and integration with consumer’s smartphones or other devices. Internet of Things is nothing but the ecosystem of physical objects that can be connected to the internet and we can access as well as control it remotely anytime anywhere. IoT platform is the support software iot platform vendors that connects the hardware, access point and data network to the end-user application. The Internet of Things (IoT) refers to a network of physical devices, vehicles, appliances and other physical objects that are embedded with sensors, software and network connectivity that allows them to collect and share data. These devices — also known as “smart objects” — can range from simple “smart home” devices like smart thermostats, to wearables like smartwatches and RFID-enabled clothing, to complex industrial machinery and transportation systems.

Industrial IoT (IIoT) – Manufacturing And Logistics

Your focus should be to create quick prototypes you can share with your potential customers and iterate as quickly as possible. This is the perfect time to leverage full off-the-shelf hardware components to build your prototypes. The goal of an IoT platform is to provide all the generic functionality for your application so you can focus on building features that differentiate your product and add value for your customers. The platform must support a variety of communication protocols and networks to connect IoT devices to the internet. The platform must be able to store large amounts of data from IoT devices in a reliable and secure way. These platforms are installed and hosted on-premises, giving businesses more control over their data and security.