The choice of the right platform can simplify the complex process of IoT development, but with so many options available it can be hard to know how to decide.
Research from Bain & Company, “Unlocking Opportunities in the Internet of Things,” underscored the high stakes involved. While IoT sales are expected to reach $520 billion in 2021, which is more than double the 2017 market, companies surveyed by the consulting firm said concerns about security and integration — both integral to development — are holding them back. And the 2018 IoT Implementation Practices Survey from IoT World Today found companies with active projects are not yet ready to settle on a standard development solution. About one-quarter of those surveyed used multiple off-the-shelf platforms, while 34 percent of those reporting their IoT results as excellent built their own platform. Even companies with a cloud-based platform couldn’t agree on a clear winner: 21 percent chose a dedicated IoT cloud, 18 percent turned to a data analytics/machine learning cloud platform and 16 percent chose a connectivity platform.