IoT Platforms: Build, Buy, or Both?
With the accessibility, affordability and overall democratization of technology, it is tempting today to try and do everything yourself. But the keyword in the growing category of DIY or “do it yourself” is the word “it.” “It” is not “everything.”
That is particularly true when your company or organization is thinking about the Internet of Things (IoT). Faced with increasing competitive pressures and the mad rush to digitize, monetize and continually transform every aspect of business, we are often tempted to try and go “it” alone — that is DIY IoT.
It is tempting to think you can do it all. You know your business or organization. You know its assets and liabilities, strengths and weaknesses. And, as I noted, technology is becoming more and more affordable.
But just because you can build something doesn’t mean you should. That is particularly true for the most critical and complex part of an IoT system: the platform on which the IoT system runs.
IoT platforms aren’t a “thing” in the ordinary sense of the word. They are more like animate beings. Once IoT platforms are developed, they require constant care, feeding and nurturing. They need to be scalable, flexible and adaptable all at the same time. They need to continually develop, grow and adapt to an ever-changing technology and business environment.
Read my full Pulse article on my LinkedIn account to learn how to avoid the common pitfalls of trying to “DIY” your own IoT platform, and how the right partner can make all the difference.