IoT platform
Custom vs SaaS

Choosing an IoT platform: Custom or SaaS?
How do you make the best decision for your business?

Software as a service vs Custom build IoT platform

Internet of Things (IoT) har revolutioneret måden, vi interagerer med teknologi på, og dette har ført til en stigning i efterspørgslen efter IoT-platforme, der kan hjælpe virksomheder med at administrere og overvåge deres IoT-enheder. Men når det kommer til valg af en IoT-platform, står virksomheder overfor en afgørende beslutning – skal de vælge en custom IoT-platform eller en SaaS (Software as a Service) IoT-platform?

What is a custom IoT platform?

A custom IoT platform is a platform that is designed and developed specifically for a company's unique needs and requirements.

A custom IoT platform can be tailored to a company's specific IoT needs, including hardware and platform components, communication protocols, security features, and integration options with existing systems. It can also provide better control and flexibility in the development process, and it can often provide a competitive advantage by differentiating the company from competitors with a more tailored and unique IoT solution.

The disadvantage of a custom IoT platform is that it requires more time and resources to develop and implement than a SaaS platform, and it can also have higher startup costs. It also requires a dedicated in-house team or collaboration with an IoT development partner to ensure that the platform is developed and maintained correctly over time.

What is a SaaS IoT platform?

A SaaS IoT platform (Software as a Service) is a cloud-based IoT platform that is delivered as a service over the internet. This type of platform enables businesses to create and manage their IoT devices and applications without having to install and maintain the necessary infrastructure in their own data center.

With a SaaS IoT platform, businesses can typically pay a subscription fee and access a functional IoT platform that they can use right away. SaaS IoT platforms are usually easy to implement and do not require large startup costs or technical expertise.

The disadvantage of SaaS IoT platforms is that they have very limited customization options, and you become highly dependent on the platform provider. Additionally, there is nothing stopping your competitors from using the same provider, so there is a risk that you may not differentiate your business from competitors to the same extent as with a custom IoT platform.

Should I choose a custom or SaaS IoT platform?

That is the central question - custom or SaaS?

It is important to consider your company's specific requirements and needs when choosing which type of IoT platform to go for. Both your short-term and long-term goals, budget, and resources are taken into account when deciding on an IoT platform.

If you have a "simple" business case, where only a limited amount of data needs to be collected, you can use standard components in the hardware part, and you have no plans to customize or scale your IoT project long-term. Then, you can simply find a provider that offers a SaaS IoT platform with the features you need.

However if your needs are more complex, such as requiring a platform that can handle various types of data from different devices, process large amounts of raw data, be scalable, and allow you to continuously add new devices to the system, then there is no doubt that a custom IoT platform is the way to go.

Deloitte analysis showing how effective predictive maintenance is

It is also worth considering how important it is for your company to differentiate itself from competitors with a unique and tailored IoT solution. If differentiation via IoT is a critical factor for your business, a custom IoT platform is likely the best option. On the other hand, if you are more focused on reducing start-up costs and need a faster implementation, a SaaS IoT platform may be the best solution.

It is important to understand that choosing an IoT platform is a critical decision for your business and should not be taken lightly. If you are unsure, it may be a good idea to seek professional advice from an IoT development partner or consultant who can help you choose the best platform for your business needs. Regardless of which type of IoT platform you decide on, it can be a valuable investment that can help your business achieve greater efficiency, productivity, and competitive advantage in the market.

At Iterator IT, we have several years of experience in developing and implementing IoT platforms for businesses of diverse industries and sizes. We can aid in identifying your company's precise needs and requirements and offer counsel on the optimal platform for your business. We are committed to providing personalized IoT solutions that can assist our customers in enhancing their operations, boosting efficiency, and cutting costs. Contact us today, and let us assist you in taking your IoT strategy to the next level.