It would be silly to pretend Cumulocity IoT is the only option available when it comes to selecting an IoT platform. That said, it would also be a mistake not to dig deeper into what makes Cumulocity IoT a serious player in a sea of cloud mega vendors. In fact, Software AG recently commissioned a Forrester Consulting Total Economic Impact™ study to get a 3rd party view of what outcomes Cumulocity IoT customers can experience.
To better understand the benefits, costs, and risks associated with an investment in Cumulocity IoT, Forrester interviewed nine leaders at organizations in North America, Latin America, and EMEA, with experience using the platform.
Forrester aggregated benefits and costs for a composite organization representative of the interviewees’ organizations. The results are astounding.
- 339% ROI in 3 years
- $8.1 million in business benefits in 3 years
- <1 year to payback
The purpose of the study was to provide a framework to evaluate the potential financial impact of adopting Cumulocity IoT to support innovation, enhance customer experience (CX), and streamline operations within organizations. Based on customer interviews, it also revealed the seven primary things companies want from their IoT platform.
- Low technical barriers to entry
- Ability to rebrand
- Costs that scale with usage
- Ease of adding new devices and protocols
- Scalability & multitenancy
- Portability & flexibility
- Analytics and dashboards
Click to read more of the commissioned study Forrester Consulting on the Total Economic Impact™ of IoT: A study of cost savings & business benefits of Cumulocity IoT.