• Investing
  • Stock
Round Table Thoughts
  • Economy
  • Editor’s Pick
Home Editor's Pick The new opportunity for legacy IoT users
Editor's Pick

The new opportunity for legacy IoT users

by March 9, 2023
by March 9, 2023 0 comment
Share
0
FacebookTwitterPinterestWhatsapp

By Sanjay Brahmawar, CEO, Software AG.

In the past few months, multiple cloud industry players made the difficult decision to sunset their IoT platforms. Given the maturation of tech and digital infrastructures, this decision is not exactly surprising. According to Google, it has become clear that customers’ needs could be better served by a network of partners that specialize in IoT applications and the services they increasingly rely upon. Shortly after Google’s announcement, IBM also shared that users of its Watson IoT platform should plan to move to alternative services before it discontinues the platform in December 2023.

For users of the IoT services that will cease to exist next year, the clock is ticking

Over the next 12 months, they face a crucial decision and significant opportunity to move to an IoT solution that’s built to meet their needs for years to come.

To really understand the challenges that companies are looking to solve with smart and connected devices, it’s critical to first understand the market forces at play.

Supplementing talent with technology

Businesses today are facing a massive skills gap, compounded by a low unemployment rate and record levels of employee turnover. In fact, nearly three-quarters of global workers do not feel equipped to learn the digital skills that businesses currently need.

In addition, rising levels of technical debt, or the additional work or re-coding that must be done to digital systems after they have gone live, continue to impact businesses. Software AG’s 2022 Situation Report found 78% of companies took on more technical debt in 2021 compared to the year prior.

These two factors contribute to the current industry shift from building everything in-house to looking to partners to bolster capacity or provide relief. The more ready-made capabilities a company can acquire, the faster it can go to market to solve critical pain points and the more it’s able to focus existing tech skills on customizing off-the-shelf purchases. Let’s take supply chain for example, if companies can buy open IoT platforms and APIs already prepared for deployment to the cloud, they only have to add coding specific to the countries, partners or industries in which they work.

In addition, low-code/no-code tools will help companies to implement IoT into their organizations by allowing line of business teams to operate without the need for IT involvement. They give non-technical users the ability to be more hands-on, while scarce specialists can focus on standardizing across all new applications and doing the complex work that differentiates their company. These tools help businesses overcome the current technical skills gap and deliver real-time insights directly to the decision-makers.

Cutting reliances and opening up standards

As businesses work to gain greater control over their data and processes, many find themselves increasingly impacted by geo-political shifts and the decisions of big tech companies. Implementing a platform that’s both device and cloud-agnostic allows organizations to move swiftly in creating new solutions. Open standards and portfolio diversification also help to protect the future of the organization. With Google and IBM’s decisions to shutter their IoT platforms, we’re seeing how disruptive changes to the technology landscape can be to business continuity.

Disruptive as it may be, the shift presents a prime opportunity for users to move to specialized IoT platforms that focus not only on openness but also scalability. As organizations look to grow the volumes of data and devices active in their business, the platform that connects them will be more crucial than ever.

Real-world examples

One field currently experiencing the benefits that specialized IoT platforms have to offer is logistics and supply chain. To combat bottlenecks and supply chain delays, IoT users are leveraging and tracking real-time data, which proves especially valuable to move cold storage or high-value goods through the supply chain. Making this data accessible then allows tools like process mining to analyze both process data and dependencies and find patterns, anomalies and opportunities for improvement.

The decision by key industry players to leave the IoT space is an indicator of the market’s evolution, separating the delivery of the cloud infrastructure that’s essential for digital transformation from the domain-specific IoT expertise that enables users to reap its full benefit. This evolution reflects a new level of sophistication among companies managing networks of connected devices to gather insights that will, ultimately, supercharge their business.

Businesses can take advantage of this shift by moving to a specialized IoT solution that offers the turn-key capabilities today’s users require. As these platforms continue to mature, those that choose to be proactive will set themselves up for success and strengthen their digital backbone for decades to come.

The post The new opportunity for legacy IoT users appeared first on IoT Business News.

You Might Also Like
  • The FAFSA form error that would have limited students’ financial aid is getting fixed
  • Oil executives bluntly criticize Trump tariffs and ‘drill, baby, drill’ mantra
  • Disney tells its lobbyists to step up fight against DeSantis and his allies in Florida
  • Why the Federal Reserve has made everything more expensive to make things less expensive
Share
0
FacebookTwitterPinterestWhatsapp

previous post
Accepting & Closing the Knowledge Gap
next post
Fibocom Collaborates with MediaTek to Pioneer the FWA Market with “Fast-to-deploy” 5G Solution Based on FG370 Module

You may also like

FAA increases oversight of Boeing 737 Max 9 jets after...

February 7, 2024

Vince McMahon plans to sell a big chunk of his...

November 13, 2023

Apple hit with more than $1.95B E.U. antitrust fine over...

March 5, 2024

This Missouri city is a prime spot to see the...

April 8, 2024

Starbucks will accept reusable cups for drive-thru and mobile orders

January 6, 2024

Spam donates 264,000 cans of meat product valued at more...

August 18, 2023

Why competition in the housing market is cooling off

June 17, 2024

Pandemic aid officials who overpaid vulnerable renters are saying, ‘We...

September 24, 2023

United to pause pilot hiring, citing Boeing’s delivery delays

March 9, 2024

Walmart says users of weight loss drugs are buying less...

October 9, 2023

    Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent Posts

    • Week Ahead: NIFTY Stays In A Defined Range; Moving Past This Level Crucial For Resumption Of Upmove

      May 31, 2025
    • Breakouts, Momentum & Moving Averages: 10 Must-See Stock Charts Right Now

      May 31, 2025
    • Leadership Rotation Could Confirm Corrective Phase

      May 30, 2025
    • Run Your Stock Portfolio Like a Pro Sports Team

      May 30, 2025
    • U.S. foreign tax bill sends jitters across Wall Street

      May 30, 2025

    Popular Posts

    • 1

      Trump-era China sanctions ended by Biden may be...

      June 27, 2024 2,765 views
    • 2

      Walz’s honeymoon with China gets fresh scrutiny as...

      August 9, 2024 2,472 views
    • 3

      Biden appointee played key role in recruiting Chinese...

      June 25, 2024 2,451 views
    • 4

      Shein’s global ambitions leaves some cybersecurity experts fearful...

      July 10, 2024 2,432 views
    • 5

      Harris VP pick spent years promoting research facility...

      August 29, 2024 2,308 views

    Categories

    • Economy (7,009)
    • Editor's Pick (2,106)
    • Investing (538)
    • Stock (2,582)

    Popular Posts

    • 1

      Trump-era China sanctions ended by Biden may be revived under new House GOP bill

      June 27, 2024
    • 2

      Walz’s honeymoon with China gets fresh scrutiny as Harris camp blasts ‘lying’ critics

      August 9, 2024
    • 3

      Biden appointee played key role in recruiting Chinese businesses to Delaware: ‘Longtime friends’

      June 25, 2024
    • 4

      Shein’s global ambitions leaves some cybersecurity experts fearful of Chinese spy threats

      July 10, 2024
    • 5

      Harris VP pick spent years promoting research facility that collaborated with ‘Chinese military company’

      August 29, 2024

    Latest News

    • Week Ahead: NIFTY Stays In A Defined Range; Moving Past...

      May 31, 2025
    • Breakouts, Momentum & Moving Averages: 10 Must-See Stock Charts Right...

      May 31, 2025
    • Leadership Rotation Could Confirm Corrective Phase

      May 30, 2025

    Categories

    • Economy (7,009)
    • Editor's Pick (2,106)
    • Investing (538)
    • Stock (2,582)

    Disclaimer: RoundTableThoughts.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2024 RoundTableThoughts.com. All Rights Reserved.

    Round Table Thoughts
    • Investing
    • Stock
    Round Table Thoughts
    • Economy
    • Editor’s Pick

    Read alsox

    S&P 500, Nasdaq close at all-time...

    July 10, 2024

    Warren Buffett’s Berkshire Hathaway sold nearly...

    August 5, 2024

    Retiring Corvette ‘godfather’ on EVs, spinoff...

    August 6, 2024
    Sign In

    Keep me signed in until I sign out

    Forgot your password?

    Password Recovery

    A new password will be emailed to you.

    Have received a new password? Login here