An industrial Internet of Things (IIoT) platform should help you with the software, security, data, and business analytics challenges of deploying an IoT solution—either for your own business, or for a client. Since choosing an IoT platform is the key IoT business decision you will need to make, it makes sense to make it carefully. But you can’t wait around, either, because you can’t really get to work until you have a good platform relationship in place.
Fortunately, Forrester Research’s new The Forrester Wave™: IoT Software Platforms, Q4 2016 can guide you through the steps you need to take in order to be able to evaluate competing IoT platform offerings, weigh the aspects that are most important to your business, and rank competing offerings in order of their match with your needs. There are three large things to look at when evaluating an IoT platform:
This can be surprisingly difficult to evaluate. Not only are platforms continuously extending their functions, they are also acquiring specialized vendors, such as analytics or augmented reality providers, and incorporating those offerings into their platform.
Ask these specific questions when looking at a platform offering:
Aside from capabilities, how big and influential is the respective vendor? This isn’t simply a matter of size or brand name. Network effects, influence, depth of expertise, and available resources are key—and will strongly affect how quickly you can expand your own market presence.
Nothing in IoT is standing still; you certainly aren’t. Once you understand the details of your potential platform’s current offering and their market presence, you need to understand where they are heading, and what you should expect from them in the future.
This is not an easy decision, but it is a crucial one, and you want to make it as quickly as you can. Forrester Research’s in-depth analysis will help you minimize the risk and uncertainty of this decision.
Check out “The Forrester Wave™: IoT Software Platforms, Q4 2016” report, to learn key differentiators of IoT Software Platforms and how it can help simplify deploying, managing, operating, and capturing insights from IoT-enabled connected devices.
A former engineer, Alex is now a writer on technical and healthcare business topics. He also provides marketing content for technical and healthcare businesses of all kinds at www.sturdywords.com.