Startup Feature: Redefining the Internet of Things
Today, system integration accounts for close to a quarter of the internet of things (IoT) market. This represents a significant amount of time, energy, and resources devoted to integrating end solutions in a market that, according to a recent report by Bain, is predicted to reach approximately $520 billion by 2021. In that same survey, customers cite integration with existing information technology (IT) and operational technology (OT) systems as one of the most significant barriers to IoT adoption.
Today's IoT solutions are either turn-key solutions, which offer little programmability, or technology platforms requiring significant expertise to stitch together a solution. As a result, IoT systems are notoriously difficult to customize and grow, which is why more than 90 percent of enterprises are stuck in the proof-of-concept phase when it comes to IoT adoption.
