July 11, 2017 | Written by: Chris O'Connor
Categorized: News / Press release | Platform
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An IoT platform must connect devices, must collect data, must handle thousands of vendors, dozens of standards and must be able to scale to millions of devices sending billions of messages. To deliver true value beyond the basics, it must add cognitive, security, privacy, insight generation and close loop automation. With these capabilities and the supporting technology advancements, the IoT platform becomes an agent of transformation for a business.
Organizations in the midst of, or planning for, an IoT deployment understand the complexity of finding a solution that is holistic yet customizable to their own unique requirements. A solid platform is the linchpin in connecting endpoints, capturing meaningful data, and pulling all together into a central dashboard that allows you to glean actionable insights.
IBM Watson IoT Platform beats the competition
I’m pleased to say that the IDC MarketScape has positioned the IBM Watson IoT Platform as a leader in the IDC MarketScape: Worldwide IoT Platforms (Software Vendors) 2017 Vendor Assessment (doc #.US42033517, July 2017). Click here to read more about the IDC MarketScape Report. IBM has been investing in this technology for the past ten years, in 2015 we brought our capabilities together to create Watson IoT Platform and have spent the last two years hardening those capabilities. We’re excited to be able to offer an opportunity for you to evaluate them in the recent IDC MarketScape report on IoT platforms.
IDC MarketScape: Worldwide IoT Platforms, 2017 Software Vendor Assessment stated, “IBM has created a strong analytics brand with Watson and can demonstrate the power of cognitive analytics in the IoT.” The report cites IBM’s investments into innovative technologies that provide value above and beyond a standard IoT platform, such as NodeRed for rapidly building IoT applications and BlockChain for supply management and payments processing.
According to the IDC MarketScape, “Based on the Watson IoT Platform, IBM currently aims to help customers transform in 3 discrete areas:
- Improving operational performance and lowering costs;
- Creating new products and business models;
- Driving engagement and customer experience”.
IDC MarketScape vendor analysis model is designed to provide an overview of the competitive fitness of ICT suppliers in a given market. The research methodology utilizes a rigorous scoring methodology based on both qualitative and quantitative criteria that results in a single graphical illustration of each vendor’s position within a given market. The Capabilities score measures vendor product, go-to-market and business execution in the short-term. The Strategy score measures alignment of vendor strategies with customer requirements in a 3-5-year timeframe. Vendor market share is represented by the size of the icons.
Watson IoT Platform leads the market in terms of ease of consumption, analytics-time-to-value through use of Watson APIs, business outcome focus, and importantly – the ability to provide clients with a truly integrated IoT Platform suite. Unlike offerings from Amazon Web Services and Microsoft Azure, key Watson IoT Platform capabilities include robust security features and embedded support for machine learning in one solution stack from one vendor. There are no surprises in third party integration or add-on pricing.
Additionally, through Watson IoT solutions for Connected Products, Connected Operations and Industry-specific IoT environments, IBM has a clear advantage in delivering an IoT platform designed to directly support the number one driver of IoT platform decisions by clients — clear contribution to defined business outcomes.
We’d like to thank our clients who have worked with us on so many millions of devices, our partners who have helped us shape how the market can consume an IoT platform, and all of you who have gone to our website and used our platform and tried provided your feedback. If you’d like to read an excerpt of the IDC MarketScape’s report to find out why Watson IoT Platform was named a leader, you can read more about the IDC MarketScape Report here.