Today, MachNation launched its newest, freely available, TCO tool to help enterprises understand the costs of building their own IoT platform versus buying IoT platform services and capabilities from a third-party vendor.
Check out MachNation’s new IoT platform build versus buy TCO (total cost of ownership) calculator.
Every week, large and small enterprises talk with us about building their own IoT application enablement (AEP) and IoT device management (DM) platforms. It’s understandable: enterprises want complete control over their technology and some have enough technology savvy to build their own.
Unfortunately, many of these enterprises build their own IoT platforms and then have “builder’s remorse”.
- The costs to build and maintain the platform are higher than expected.
- The effort to provide business units with the desired IoT platform functionality is greater than anticipated.
- Balancing platform integration requirements becomes very hard.
So MachNation decided to create the industry’s first IoT platform build versus buy TCO calculator. Enterprises can plug-in assumptions about their anticipated IoT deployments and estimate the 5-year costs of each scenario.
The TCO calculator estimates costs to build and buy an IoT platform using real-world assumptions. For example, if an enterprise is going to deploy an IoT platform to support a small number of low-powered devices over 5 years, it assumes the enterprise will either pay for appropriately priced IoT platform services from a third-party vendor or will build a platform to support only a small, fairly simple deployment. It does not assume that the enterprise would build a carrier-grade, gold-plated IoT platform to only support a small number of low-powered devices, as that would be grossly unrealistic. In each scenario, the calculator takes account of realistic hardware, infrastructure, software, cloud, and labor costs to estimate the TCO of building and buying an IoT platform. We have worked with enterprises and AEP vendors to verify our assumptions and output.
If you are an IoT platform vendor and would like to sponsor the TCO calculator, please contact us.
Have fun with the calculator and don’t forget to click the social media links on the calculator page so you can share your results with your colleagues!