With IoT on the ascent among enterprises, a new challenge is the emergence of a variety of point solutions created in silos which leads to integration and scalability issues later, hindering realization of true value from IoT programs. In order to maximize business value from IoT, enterprises need to consider the adoption of a platform-based strategy.

These platforms provide the essential building blocks for integrated scalable solutions supported by a reference architecture and definitions of robust mechanisms for security, privacy, performance, scalability, interoperability, and edge device management and monitoring.