If you’re an ardent follower of the technology of Internet of Things (IoT), you will be familiar with some staggering predictions of what is expected of the technology. Top IoT companies estimate that by 2020, the connected devices will increase to about 30 billion. Picture this, hourly, a million new connections are being made. Just imagine the potential available to be tapped by IoT companies.
However, there are certain attributes expected of a top IoT company. Many of these companies reached this level based on their grit, determination, and hard work. However, several other factors contributed to their success. Factors such as access to sophisticated technology, unbridled access to funds, a plethora of data sources, etc. differentiate top IoT companies from ordinary IoT companies.
As a top IoT company, innovation is at the heart of your service. There’s a constant need to design, redesign, and rethink strategies which ensure the growth of the company. To this end, pertinent services are offered. These services are central to what Internet of Things represents and it is impossible to make a mark in the market. Here are some of the services offered.
Services Offered By Top IoT Companies:
Hardware Design, Development and Production
IoT is an acronym for Internet of Things. Which is of greater importance? The internet or the things? You guessed right! The physical objects being created are integral to the IoT setup and without these, there is no IoT company that can flourish. Also, sensors are, perhaps, the most important part of any IoT device, the production of which is executed by a top IoT company.
Full stack IoT companies are then required to have the control over certain hardware solution being provided. For your organization to become one of the top IoT companies, you demand genuine skill which revolves around the design, conceptual development, and implementation of actual hardware products.
Since top IoT companies operate in large scale, it is important to find an optimal solution to the logistics and supply chain operation.
Cloud Development and Management
Have you ever seen a successful IoT application without a cloud component? Errrr, think harder. This is one important service required to produce IoT applications which are tailored to the consumer’s specific needs.
To this end, you require a decent cloud infrastructure to get started. Normally, Amazon Web Services (AWS) is a great place to start. It is also important to get the IoT middleware aspect started on cloud platforms. When it is done, the IoT application is polished and refined to provide the business with functionality.
Embedded Programming
When the IT market boom was still inchoate, embedded system programmers were in high demand. Extremely high, in fact. All of a sudden, the demand dropped drastically. However, IoT companies are now creating demand for their services.
IoT deals with wearables, sensors, and other devices. Ideally, there are embedded codes which operate in these devices, monitoring, tracking, and controlling (according to the specified instruction). If you want your organization to become one of the top IoT companies, investing in professional embedded programmers is a must.
Integration with IT Systems and Other
If you’re creating IoT products which are not easy to integrate with other systems, you might be headed out of the market. The interface must first, be easy to use, in order to attract users. After this, it should be easy to integrate other service platforms with your product. This is what makes the top IoT companies truly ingenious.
Whether it’s a payment platform or a weather reporting service, perhaps, an application which controls energy efficiency by turning on and off certain home appliances, your product cannot survive as an island.
Business Analytics
IoT aims to facilitate the ease of data creation and analysis, however, the IoT system thrives when data is readily available. This is a dilemma faced by top IoT companies, although, there are ways around it. By providing services on analytics and data mining, intelligence, big data, etc. you are setting up a means to access streams of useful data.
As you advance, you begin to create products which generate more streams of data. This then helps you identify patterns, opportunities, and other existing challenges to address. Although initially, you might rely on another IoT company to help with analytics solutions, the data being analyzed is in your control.
Robotics
There is an Internet of Robotics market which is fast exploding. Research suggests that the market value can reach 22 billion US dollars by 2022. Any serious IoT company should start making significant investment especially in infrastructure and skilled talent.
When you include robotics in an already intelligently connected scheme of things, you can effectively manipulate objects in the physical world. These robots will be equipped with the ability to add sensor data from a variety of sources, intelligently discern the source of, & how to analyze the data, and then execute pre-defined actions.
Security
With the proliferation of devices, cloud platforms, and mobile applications, getting access to important information might become easier- in a scary way. Since the devices are almost always connected to the internet, getting access wouldn’t be a challenge for hackers and other cybercriminals.
Another thing to note is that for an IoT company just burgeoning, the data hub might be prone to theft, vandalism, or even corruption. This puts the staffs, management, and owners of the company at great risk. Why not seek solutions which allow you the freedom and security of intellectual property. Consumers who are open to innovation and those who care about their privacy will willingly expend money for this service.
Conclusion
While it is true that the IoT industry is a multi-million dollar market, in a way, the success is largely attributed to few IoT companies who strived to consistently deliver a certain level of quality. Addressing issues like the infrastructure for hardware, embedded programming, integration, security, etc. will definitely help any new IoT company become established as a top IoT company in a very short while.
