Witness The New Trend of IoT Platform Engineering in Full Form

In the last couple of years, IoT has been quite a talk of the town as a result of which almost all the top IoT companies have been frantically involved in the development of the newly emerging IoT platforms.  While the topic remains under debate as to which of the platform will appear as the top, it is necessary to have a closer look at the innumerous amount of data that is being a part of the massive ocean of devices. 

As per the statistics proposed by Gartner, the prediction states that the number of connected devices in the year 2020 will rise to about 20.4 billion. The numbers are visible through the various players emerging in the form of the top IoT development companies that strive towards providing the best IoT solutions to multiple businesses. The development of the IoT platform has been in great haste. Therefore, it becomes quite significant to know in-depth about what exactly is an IoT platform, why do we require it, and how does the development of this platform take place. 

Internet of Things services Platform 

An IoT platform is a warehouse of services, components, and libraries with the aid of which one can efficiently build an IoT system and deploy it to monitor and also be able to manage the systems along with the connecting devices. 

IoT platforms are most suitable for enabling the construction of highly performant and extensible Internet of Things applications that perform the function of monitoring as well as managing all the connected devices and systems under remote locations by simple collection and processing of the data. 

Why do we require IoT Solutions?  

To achieve satisfying efficiencies by always collecting data as an output from numerous sensors, we often need to integrate the multiple systems. Various applications can then utilize the data being collected to carry out some intelligent and crucial business decisions as well as to perform some real-time data analytics. 

As has been observed, most of the organizations, the different business units coming under a single organization, make use of heterogeneous subsystems. Due to this, we find a constant urge to have a platform that will facilitate the interaction between the various business applications as well as the connected devices. And an absence of the centralized view could result in numerous difficulties while monitoring and reporting, which will further build up the maintenance cost. This is one of the significant reasons why IoT software development companies are finding a major uphold in the current scenario. 

Approaches towards building an IoT Platform 

Building an IoT platform can have multiple approaches, and therefore, it is quite essential to have a clear understanding of which strategy will perfectly complement your current situation. For a bright idea, let us have a look at the top three approaches that are widely recognized. To build an IoT platform alongside all the benefits as well as challenges that tag along. 

IoT Development Company

1.Transform and Integrate 

Most of those businesses that have made a significant amount of investment within technology over time are most likely to have numerous legacy systems that are connected. In situations like these, it is most favorable to maintain coexistence between the modern methods and the legacy systems. This simply means that the newer capabilities and features can be incorporated and developed into the new IoT platform obtained from the most reliable IoT development company, and this can also be integrated along with the connected legacy system with time. 

Major benefits:

  • Minimum disruption to ongoing businesses and existing installations. 
  • More comfortable to migrate to a new platform by testing its reliability and stability. 

Challenges: 

  • Platform constraints and problems about the integration process mainly because of lesser compatibility between the older and the latest technologies. 
  • Operational and maintenance costs are quite high, mainly due to the running of the new platform as well as the legacy system

2.Coexistence and transformation 

In this approach, the businesses in line with IoT service providers make use of the latest technologies while building the next generation IoT platform. IoT companies in USA can now look forward to migrating their customers from connected legacy systems to the latest platforms that will come along with all new technologies that will ensure one of the best customer experiences. 

Major Benefits:

  • In this approach, the IoT developers make use of the latest technological capabilities to build the next-generation IoT platforms. 
  • It also ensures the usual business even in the transformation phase by merely migrating the existing customers onto the legacy platforms. 

Challenges:

  • Maintenance and operational costs are significantly high. 
  • Security, privacy, and complexity become a significant challenge while the customers adapt to the new platforms. 

3.The building of newer platforms 

For the existing business companies or the ones that have newly arrived, having no investments that were previously existing, it is best to build up a platform from the ground to up. This will make the whole process quite simpler since the time to market will be significantly accelerated, and IoT devices can be easily simplified. 

Major benefits: 

  • The platform is built in line with the internet of things app development company will be future-ready with all the latest technologies being incorporated. 
  • Customer migration to the new platforms will be seamless without any issues regarding the upgrade. 

Challenges: 

  • These platforms are required to go through an evolution in terms of its capabilities and features. 
  • The time to the market requirement is quite high since the platform needs to be built and then tested. 

Some Final Words

Building an IoT platform can have numerous approaches, each of which comes along with a unique set of benefits and challenges. Make sure to select a suitable method that is in line with the strategies of your organization, as well as the priorities that it holds. With the ongoing pressure to capitalize on numerous business opportunities, it becomes quite a necessity to work along with the top internet of things (IoT) solutions provider company that has quite an impressive background in developing IoT platforms for businesses as well as enterprises. 

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FAQ's

IoT finds its application in various fields such as environment monitoring, automated transportation, healthcare, and many more.

IoT is quite beneficial in areas of quality control, facility management, Packaging optimization, and also in inventory management.

Yes, IoT is used mainly for data analysis, storing, and monitoring. At the same time, cloud computing is principally employed in access and storage data without investing in actual software; the combination of the two could help in saving money as well as time.

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