Utilities and similarly large enterprises seeking to adopt Internet of Things (IoT) technologies rely on an ecosystem of vendors to help them harness the complex nature of these projects. Assistance is needed to manage an increasing number of connected devices and processes, handle the large data volumes they kick off, and then unlock valuable business insights through analytics tools.
As demand for IoT technology increases, many vendors have cobbled together IoT platforms as a foundational solution that promises to bring order, control, and economic advantages out of the chaos. The challenge for corporate managers is to sort through hundreds of vendors claiming IoT platform expertise and then decide the best fit for their particular needs. In spite of doubts around IoT platforms such as added costs, complexity, and uncertain outcomes, market demand for these solutions is on the rise as enterprises seek the latest digital tools to optimize their processes and better engage with customers. Often, even large organizations lack the internal skills and tools necessary to integrate an IoT platform, particularly for data analytics and the continual need to stay ahead of potential cybersecurity attacks. Thus, there is a need for vendors that can fill the void with robust platforms in a still emerging market.
This Navigant Research Leaderboard examines the Strategy and Execution of 15 vendors offering IoT platforms relevant to utilities and other industries taking on digital transformation projects. These vendors are rated on 10 criteria: vision; go-to-market strategy; partners; technology; geographic reach; sales, marketing, and distribution; solution performance; product portfolio; pricing; and staying power. Using Navigant Research’s proprietary Leaderboard methodology, vendors are profiled, rated, and ranked with the goal of providing industry participants with an objective assessment of these companies’ relative strengths and weaknesses in the IoT platform market.
Top 10 Vendors:
2. Amazon Web Services
7. Cisco Jasper
10. Ayla Networks