IoT Systems and Platform Development
IoT technology continues to grow and expand. While many people believe that the next generation breakthroughs in IoT platform development will come from today’s major players, this might not be the case. Smart Systems are changing the way that platforms are being developed and newer, non-traditional players are quickly taking the lead. These new players are altering the future possibilities of IoT systems and platforms.
Realizing the Full Potential of the IoT
Each sector seems to handle their IoT systems and platforms differently. Large IT companies tend to focus on the collection, storage, analysis and reporting of data. This is typically done after the fact and not in real-time. These companies are failing to realize the true potential of IoT technology.
The automation and control community’s main focus is on control. Sensors and equipment collect large amounts of data, but many of these companies fail to properly manage this data.
While major players fight to be on top of development and deployment of new generation IoT platforms, their practices will need to change in order to properly serve a more connected world.
Smart Systems Opportunities
As more and more devices connect to the Internet, technology suppliers of all shapes and sizes are taking advantage of Smart Systems opportunities. Even with so many players in the marketplace, most are still unable to deliver new fundamental innovations.
Newer digital and IoT platforms require a high level of functionality. Platforms must support widespread visibility and collaboration while still being cost-effective. This presents a unique challenge for platform developers.
It’s unclear whom the top players will be as Smart Systems develop. In order to be successful, these systems must allow for network connectivity and integration of all devices and machines. The system must include value-added applications and device management functionality. Ideally, new IoT systems will allow for backwards compatibility with existing equipment and machines.
Vendors will need to have a clear understanding of how data collection and analysis works. They will need to create systems that combine and analyze data from all systems while clearly defining rules and workflows. Success will depend on full system integration. All hardware, software and network elements must be able to communicate and work together, regardless of their age.
Leveling the Playing Field
Mint Controls can help bring your business up to speed. Our solution allows your company to fully integrate with the IoT without having to replace costly equipment. Our team of IoT specialists helps you create a backwards-compatible solution that is truly unique to your company’s needs. We help businesses of all shapes and sizes in a wide range of industries. Please contact us for details.