Authored by Alexis Leibbrandt, Head of Marketing at akenza.io – Winner in the Internet of Things (IoT) category of the 2023 SaaS Awards.

The Internet of Things (IoT) has transformed our approach to device interaction and data gathering. However, integrating software into IoT solutions poses challenges at different stages of the IoT journey. As organizations embark on IoT projects, they face crucial questions: What data is essential to collect? How quickly must solutions be operational? What is the project scope? The rise of the Software as a Service (SaaS) delivery model has been a game-changer, particularly in the context of IoT solutions.

SaaS introduces an adaptable and budget-friendly software application model by leveraging cloud technology. This facilitates software access through subscription-based models, offering advantages over traditional software delivery. In the realm of IoT, SaaS provides an accessible infrastructure for comprehensive device management and data analytics, crucial for building smart solutions.

The ascent of SaaS-based IoT platforms has paved the way for previously unthinkable or challenging smart solutions. In facility management, we observe the adoption of indoor air quality monitoring, space occupancy tracking, and enhanced facility services. Urban landscapes now benefit from remote monitoring of water levels, energy substations, and noise pollution. Industries like agriculture and transportation are also harnessing the advantages offered by IoT platforms.

The Benefits of SaaS IoT Platforms:

Subscription-based Models

Central to SaaS is the subscription-based model system, eliminating the need for a long-term commitment. Payment aligns with usage, offering transparent pricing, avoiding large upfront investments, and providing flexibility to scale based on project needs. This flexibility is particularly beneficial for smaller businesses initiating IoT projects and larger companies with evolving needs.

With a subscription-based model, the burden of maintaining the platform is shifted to the SaaS provider, saving costs and allowing customers to focus on their core business.

Speed and Ease of Implementation

Choosing a SaaS service provides access to pre-built IoT applications and platforms ready for use. Out-of-the-box services reduce development and deployment time and effort. No-code or low-code platform options lower entry barriers, democratizing IoT adoption for non-technical users and smaller organizations.

After implementation, SaaS platforms, equipped with best practices, simplify testing of new ideas.

Cloud Accessibility

SaaS embodies universal accessibility as applications are hosted on cloud infrastructure, enabling real-time access regardless of geographical location. Platforms like akenza exemplify this accessibility by capturing and storing data continuously for seamless data management.

Flexibility and Scalability

SaaS software, residing in the cloud, simplifies adding or removing integrations. Simple integrations into third-party applications for insights and data visualizations enable users to leverage familiar platforms. SaaS platforms offer streamlined data reporting for faster analytics, ensuring quicker proof of concept and time to market.

Security and Data Protection

SaaS addresses security concerns in IoT by prioritizing customer data security through encryption, access controls, and routine security updates. Multi-factor authentication mechanisms guard against unauthorized access, ensuring the protection of IoT-generated data. Regular security updates keep the platform secure, eliminating the need for users to install new upgrades.

Empowering Innovation with akenza

The adoption of SaaS has a significant impact on the IoT space, making IoT technology more accessible, scalable, secure, and cost-effective. SaaS empowers businesses to focus on innovation and create business value, propelling industries towards digital transformation.

The self-service akenza IoT platform streamlines the complexity of IoT middleware. Connecting, controlling, and managing IoT devices in a single platform, akenza enables efficient processing of gathered data and provides customizable in-app data visualizations. As a low-code platform, akenza facilitates the rapid introduction of smart solutions without reinventing the IoT wheel.

“The adoption of SaaS has a significant impact on the IoT space, making IoT technology more accessible, scalable, secure, and cost-effective..”

Looking Ahead

SaaS and IoT are transforming industries, complementing each other to change the innovation game. The adaptable nature of SaaS aligns with the rapid demands of IoT, enabling businesses to experiment, change, and innovate without limitations. With less concern about traditional software setups, SaaS and IoT open new possibilities for businesses and people worldwide.