Should you build or buy your IoT platform? – News – IoT Hub
Is it better to build your own IoT platform, or to buy one of the hundreds available on the market?
Machnation says it is approached frequently by enterprises large and small that want to talk about building their own IoT application enablement and IoT device management platforms because “understandably they want complete control over their technology and some have enough technology savvy to build their own.”
Unfortunately, says Machnation, “many of these enterprises build their own IoT platforms and then have ‘builder’s remorse’. The costs to build and maintain the platform are higher than expected. The effort to provide business units with the desired IoT platform functionality is greater than anticipated. Balancing platform integration requirements becomes very hard.”
It says enterprises can plug assumptions about their anticipated IoT deployments into its calculator and estimate the five-year costs of each scenario.