Enterprises are increasingly connecting a broad variety and number of IoT endpoints to access data from and better manage physical assets that are relevant to their business. Typical IoT-enabled business objectives include traditional benefits, such as improved asset optimization, as well as new business opportunities and revenue models, such as subscribed-to services (versus owned assets). An IoT platform is an on-premises software suite or a cloud service (IoT platform as a service [PaaS]) that monitors and may manage and control various types of endpoints, often via applications business units deploy on the platform. The IoT platform usually provides (or provisions) Web-scale infrastructure capabilities to support basic and advanced IoT solutions and digital business operations.
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