In the dynamic landscape of manufacturing, the value of smart, connected products is no longer a luxury but a necessity. From heavy machinery to precision instruments, the Internet of Things (IoT) has become a cornerstone for enterprises, offering insights into product usage, predictive maintenance, and the creation of innovative connected features that strengthen customer relationships. Moreover, IoT catalyses new business models, exemplified by the projected $131 billion Equipment-as-a-Service (EaaS) market by 2025, a substantial leap from $22 billion in 2019.
However, the road to achieving scalable IoT solutions is riddled with challenges. A 2020 survey by Beecham Research, based on interviews with over 400 IoT adopters, revealed that only 42% of IoT projects were either fully or mostly successful, with 60% of enterprises facing difficulties in scaling. Issues ranged from a lack of clear business objectives to internal resistance and insufficient network connectivity. For those enterprises dipping their toes into the IoT waters, the struggle is real – be it scaling promising prototypes or realizing the need for external expertise.
Enter Software AG and Amazon Web Services (AWS) with a joint solution that paves the way for a scalable and cost-effective IoT journey. Software AG’s Cumulocity IoT, recognized as a Leader in Gartner’s 2022 Magic Quadrant for Global Industrial IoT platforms, emerges as a game-changer. With its buy-and-build approach, Cumulocity IoT allows users to deploy projects swiftly, combining out-of-the-box functionalities with the flexibility to develop proprietary capabilities for market differentiation.
Cumulocity IoT finds its home in the cloud through AWS, the world’s most comprehensive and widely adopted cloud provider. The integration of these two powerhouses covers a spectrum of IoT capabilities, including analytics, Machine Learning, Business Intelligence, and digital twins. Real-world implementations showcase the synergy between Cumulocity IoT and AWS, providing organizations with cutting-edge, robust, and future-proof IoT solutions.
What sets Cumulocity IoT apart is its proposition to alleviate the burdensome task of building the intricacies of IoT, allowing enterprises to concentrate on building specific capabilities. The platform’s highly intuitive user interface empowers frontline engineers and non-developers to construct powerful applications without extensive coding. Its core device management solutions facilitate the rapid connection of existing assets, managing millions of devices seamlessly throughout their lifecycle.
Crucially, Cumulocity IoT Edge, a single-node variant of the IoT cloud SaaS platform, caters to enterprises requiring on-premises IoT operations. This flexibility extends the platform’s reach to local servers or data centres.
AWS, with its array of global cloud-based products, complements Cumulocity IoT seamlessly. Boasting more than 200 services, AWS offers on-demand, scalable solutions with pay-as-you-go pricing, enabling companies to respond swiftly to evolving business requirements. From computing and storage to data warehousing and content delivery, AWS provides a comprehensive suite of tools that support IoT programs from the edge to the cloud.
Visualizations play a pivotal role, and AWS offers cutting-edge features such as a highly immersive Digital Twin maker, allowing users to create 3D representations of the real world. Integration with the 3D data platform Matterport facilitates the scanning of places like factory floors, generating photorealistic manoeuvrable virtual spaces.
The accompanying white paper delves into the comprehensive coverage of IoT capabilities by Cumulocity IoT and AWS. It not only showcases the seamless integration of components but also emphasizes the scalability and cost-effectiveness of a two-vendor strategy. This approach, as highlighted in the white paper, not only delivers the most robust set of IoT capabilities but also aids in cost-cutting measures. IoT on the Edge reduces resource consumption, improving cost optimization, while low-code features empower enterprises to tackle tasks in-house, cutting down on outsourcing expenses.
In essence, this joint strategy between Software AG and AWS is the ticket to faster time-to-market for new solutions and a lower Total Cost of Ownership (TCO) compared to custom-built alternatives. The blog merely scratches the surface – for a deeper exploration, download the white paper and embark on a transformative journey into the realm of scalable IoT solutions.