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The Pivotal Role of Business APIs in IoT Platforms: Part I
If you are working on a new IoT offering—congratulations! So are lots of firms, of course, and those unseen competitors tend to dominate our thoughts. For example, it’s natural to think, “I need to really nail down the entire technical platform and business model before I let anyone see what we’re up to.” Resist that temptation. Instead, open up your development process, using a simple mechanism we call Business APIs, to attract third parties to join your IoT initiative. Together, you’ll dramatically increase your chances of creating an IoT platform that both scales and remains interoperable with a range of IoT ecosystems.
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