Most parties building an IoT ecosystem opt for an IoT platform due to its inevitable benefits: platforms simplify the process of adding new devices, configuring them, and updating their settings remotely. IoT platforms also collect data and provide analysis tools. This approach is especially crucial in today’s market space as there is a surge in demand for integration of machine learning and AI for analysis of data collected by IoT devices.
Also, the larger body of IoT platform providers have shifted and adhered to an industry-driven approach to make advancements.