The overall challenge is to deliver an IoT extended into a web of platforms for connected devices and objects. They support smart environments, businesses, services and persons with dynamic and adaptive configuration capabilities. In this sense, Sensefinity has developed a sensor-platform which is out-of-the-box integrated into SaaS (Software as a Service), which provides simple applications for business verticals.
The biggest challenge will be to overcome the fragmentation of vertically-oriented closed systems, architectures and application areas and move towards open systems and platforms that support multiple applications.
Indeed, nowadays large corporations have the means to invest in the computerization and gathering of the data generated by their physical assets, also known as IoT. However, these solutions are based on expensive bespoke projects and have a long implementation time, and due to their bespoke nature are expensive to replicate. This constitutes a barrier for usage by small and medium sized enterprises (SME) which cannot afford the price of these bespoke projects.