By Alexandra Luchtai
The year 2023 is all about consolidation in the IoT market. IoT platforms such as those from Google, IBM or SAP will not be continued and so many are rightly asking: "Is the hype around the Internet of Things already over again?" From our point of view, this is not the case; rather, a further development is emerging in the handling of the technology, as Computerwoche confirms in its article. The focus of value creation has shifted from IoT platforms to IoT applications. In concrete terms, this means that providers must be technologically broadly positioned on the one hand in order to integrate all required and newly added features in their platforms and to be able to process data in a meaningful way.
On the other hand, they must also be in a position to provide individual advice on what opportunities and business potential exist in the user industries, what can be implemented with the help of IoT & cloud technologies, and ultimately what also makes economic sense. The first providers have already successfully begun this balancing act.
