Cost benefits To Our Manufacturers
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| Specifications | Other Well-known IoT Service Providers | IoTOnDemand Platform |
|---|---|---|
| Scalability | The interface is designed to scale up to millions of devices | Manufacturers can sell their IoT enabled products to millions of users |
| Average cost of the service | Cost structure is complicated & varies as per assumptions (data volume, size etc.) | Cost remains fixed at one time, lifetime cost |
| Central hub | Provided by the companies | 100% hosted by the company |
| Device Management | Provides pipeline support for data that needs to be sent to the device | 100% hosted by the company |
| The state of the device is available along with the last known activity, with full control of the device. (Predictive maintenance) | Able to report and fix the hardware related problems. (Proactive maintenance) Complete control of the device at your fingertips. | |
| Specific skill requirements | Does not require cloud development expertise. | Our software development team is always available in case of any complex issues. |
One time, lifetime cost price and 7 days Guarantee
IoTOnDemand Platform: Value Preposition
- Fully Hosted Cloud infrastructure
- COST BENEFIT: Only atone time, lifetime cost for as many customers/users as you want
- All hardware/Software/Cloud/ Mobile App customization included at one time, lifetime cost
- All product upgrade and security fixes included in one time, lifetime cost cost
- No hidden cost other than one time, lifetime cost
- TIME SAVING: Our 4 core offerings
- Networking Hardware
- IoT Device Operating System
- Hadoop BigData Cloud platform
- User Interface – iPhone/Android/API
- Licensed with Approved USA Patent No 15/292,381
- 7 DAYS Guarantee TO GO LIVE: Once you sign up with us, the process to go live is only a matter of 7 days.
- You can focus on selling your product than on IoT development
CHALLENGES TO DEVELOP YOUR OWN IoT SOLUTION
- A smaller learning curve: lacks knowledge and experience with IoT technologies
- Patents approval can be a tedious task
- Will end up spending 5 to 10 million USD. This cost will include:
- Costs of research & design staff
- Time value of money: A lumpsum invested by the company to build a range of IoT enabled products
- Development cost & Manufacturing cost: The product will require unique equipment & machinery for its production
- Marketing & Promotion cost
- Analysis & Report generation (if advance consumer behavior research is conducted)
- Development time of 2 to 4 years
- Ongoing software/hardware upgrade cost
- Ongoing cost of continuous software development
- Ongoing Tier 3 support cost
- Your focus will get divided between building an IoT enabled product & selling it.
CHALLENGES TO DEVELOP YOUR OWN IoT SOLUTION
IoTOnDemand Platform
- Fixed cost at one time, lifetime cost for as many customers as you want (10,000 or millions)
- Fully Hosted Cloud infrastructure
- Customization, upgrade and security fixes included
- No hidden cost other than one time, lifetime cost
- Our Offerings
- Networking Hardware
- IoT Device Operating System
- Hadoop BigData Cloud Platform
- UserInterface – iPhone/Android/API
- This one time, lifetime cost also includes the cost of;
- Development environment
- Test environment
- Production environment
- Staging environment
- Licensed with Approved USA Patent No 15/292,381
- 7 DAYS Guarantee TO GO LIVE: Once you sign up with us, the process to go live is only a matter of 7 days.
- You can focus on sell your product than IoT development
Other IoT Platform Service Providers
These service providers offer multiple IoT services but they all come with various terms & conditions:
- The virtual network & connect-to data centers are limited to 50.
- The outbound data transfer has a bandwidth of 50GB and becomes payable post that.
- The web, mobile or API apps is capped at 10.
- Virtual machines (connecting other OS to current OS), one of manufacturer’s core needs, unlike IoT on Demand Platform is billed on per second basis
- Facial recognition as an API is restricted to only 30,000 transaction/month
| Per Minute | Daily | Year 1 Sale | Year 2 Sale | Year 3 Sale |
|---|---|---|---|---|
| Transaction/ minute | Transaction/ day/ device | Transaction/ month for 100,000 devices | Transaction/ month for 300,000 devices | Transaction/ month for 600,000 devices |
| 5 | 7200 | 21,600,000,000 | 64,800,000,000 | 129,600,000,000 |
- It was a massive cost challenge to do business for three years.
- Charging on the basis of per transaction is a slippery slope. IoT devices are very chatty.
- For instance, a Humidity + Temperature + Current + Motion + IoT device availability will generate about 5 transaction per minute, as mentioned in the chart above.
- Other IoT Cloud Platforms provide you one-year free service and the reason for that is that they expect you take at least a year to build the solution
