What is the primary function of a platform provider in the IoT space?

The primary function of a platform provider in the IoT space is to offer computing and storage infrastructure. This role is essential because IoT devices generate vast amounts of data that need to be processed, analyzed, and stored efficiently. Platform providers supply the necessary technology stack that enables organizations to handle data from numerous devices, facilitating connectivity, data management, and analytics. This infrastructure supports the deployment of applications, ensuring that businesses can interact with their IoT devices seamlessly and derive meaningful insights from the data collected.

While user engagement, data collection, and marketing strategies are important aspects of the IoT ecosystem, they are secondary to the fundamental role of providing robust computing and storage solutions. Without a reliable infrastructure, the functionality of other elements, such as data collection and user engagement, could not be effectively realized.