The IoT puzzle – To build or buy an IoT platform

About Event

In the last few years, the Internet of Things (IoT) has been transformed from a buzzword to a business need. But the next question that organizations need to answer is whether to build an IoT platform or just buy a commercial off-the-shelf platform.

In this session, you will get an overview of what it takes to build an IoT platform, what expertise is necessary, and what you should keep in mind when determining how to integrate it with your business.

We will explore the different approaches to develop an IoT solution: building an IoT platform internally or “buying” pieces of it by leveraging infrastructure providers, boxed solution providers, or IoT platform providers. At the end of the session, you will gain a greater understanding of the benefits and costs associated with each approach so that you can make an informed decision on how to implement an IoT platform for your organization.

Agenda

• What’s needed to build an IoT platform?
• What to look for when buying an IoT platform?
• Build vs buy model – benefits and challenges
• The next step - how to get started on either model

Key Takeaways

The event was well-received by attendees from different industry sectors, who made the event much more interactive by sharing their experiences on how they have leveraged IoT solutions in the past and how they are planning to use it in the future. Many questions were asked on security, deploying of an IoT platform, and on-premises vs. cloud deployment.

We shared insights on prerequisites of implementing an IoT platform, along with the business opportunities. Our speakers focused on explaining the pros and cons of building vs. buying an IoT platform along with the challenges and price comparison, to let the participants decide what suits their business better.