IoT platform explained in detail

According to industry experts, in future just about everything will be done in the cloud as it is a better way of computing. The development phase of an IoT platform is considered to be a complex endeavour. Essentially, IoT platform is considered to be a jumping off point as it combines different tools that are required to manage a deployment from device management to data prediction and insights in a single device. IoT Cloud Platform solutions are fundamentally backed up by large publicly traded companies. As of now, without a doubt Internet of Things (IoT) has appeared to become a big thing. Considering building relationships area, IoT platform is a completely new paradigm for building relationship and has an impact on everything we make, buy, sell or do. It has been depicted by researchers that with use of an IoT platform both consumer and enterprise can be benefited. Different tools are being used my marketers at this point to make consumers and enterprises aware of its uses and benefits. However, by the year 2020 it is deemed that more than 75 billion devices will be connected through IoT platforms. At the Google’s I/O conference, Google has announced Brillo which is the underlying operating systems for the internet of things. By the third quarter of this year, the company has announced to reveal its developer preview. The forces driving IoT platform are increasingly numerous and over the years number of connected devices on the IoT network will be huge. According to a recent study, the quantity of data being collected and analysed through IoT platform will be huge. According to Gartner it has been predicted that by year 2020, aggregated value and economic benefits offered by IoT will exceed $1.9 trillion. Despite the fact that the benefits offered are numerous nevertheless, there are certain challenges which can’t be overlooked. These challenges include high input rate, streaming data, several small files and need for fast micro-adjustments in the operational environment. Moreover, the biggest challenge faced by developers of IoT platform includes big data cloud, network fabric and billions of devices (IoT and M2M).

Today, we are living in a technology driven era where everything seems to be connected. As a result, of these new connections business cases seem to be popping up everywhere. For IoT business cases, IoT platform can be described as the fundamental backbone. To conclude, use of an IoT platform enables the customer resource management tools to collect and organize client data and analyse it to offer actionable results related to consumer base. Moreover, IoT devices can be made use of in order to understand the varying consumer choices and therefore there is a better opportunity of serving the consumers according to their preferences. At this time, different renowned companies are making attempts to take benefit of IoT solution for better management and interaction with customers. Currently there are more than one hundred platforms being used whilst many are still under development phase.