What does it take for companies to develop their own IoT products and solutions?
17:05 03 July 2017
Companies that aim to become one of the players of the burgeoning IoT market must establish their new technology infrastructure that revolves around an IoT platform. Such platform is a suite of components that enable the deployment of applications that control, monitor and manage connected devices. It must also be able to integrate any connected device and enable the implementation of IoT functions and features into any device in the same way.
However, building a complete system for IoT solutions from the ground up can be extremely challenging and costly even for the most resourceful companies. It requires huge capital, technical know-how and time. In the end, companies may end up plagued by long IT project cycles and low return on investment.
Fortunately, there are ready-built IoT platforms that companies can take advantage of. They easily connect sensors and devices as well as enable connections to related operational assets and information systems. In addition, they can scale to meet the changing needs of any company to accommodate continual growth.
An example is ThingWorx Technology Platform, which is a complete set of integrated IoT platform specific development tools that offer the industry’s deepest functional capabilities.
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