IoT platforms can be divided into the following categories:
- End to end platform
- Connectivity platform
- Cloud platform
- Data platform
Every single one of these platforms plays a huge role in the overall functioning of sensors and devices that form the entire IoT universe.
An IoT platform serves as a middleware that connects devices/sensors. It contains an assortment of functions such as controllers and sensors, communication network, gateway device, translating and data analysis software along with end application services. IoT platform is equipped to handle vast quantities of data, applications, subscribers, websites, sensors and devices, and at the same time triggers actions according to the input, that too in real-time.
Major Requirements of IoT Platform
For selecting the right platform, it is vital that you scrupulously identify the requirements of a business operation. Some of the major requirements that an IoT platform should analyze are:
- Hardware requirements
- Real-time access requirements
- Reporting needs
- Financial wherewithal
- Model of business operation
Source: Importance of IoT Platform
Internet of Things Companies 