---
title: "Best IoT Analytics Software - 2026 Reviews & Pricing"
description: "Find the best IoT Analytics Software for your organization. Compare top IoT Analytics Software systems with customer reviews, pricing, and free demos."
source_url: "https://www.softwareadvice.com/iot-analytics/"
page_type: "category"
language: "en"
---

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IoT Analytics Software

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# Best IoT Analytics Software of 2026

Updated August 9, 2026

Written by [Priyanka Aggarwal](https://www.softwareadvice.com/resources/author/priyanka-aggarwal/)

Senior Market Research Specialist

Edited by [Rina Rai](https://www.softwareadvice.com/resources/author/rina-rai/)

Senior Editor

On this page

1.  Popular Comparisons
2.  Buyers Guide
3.  Related Software

Filter products

59 results

### Compare Products

Showing 1 - 25 of 59 products

#### Company Size

-   Self-Employed
    
-   2-10
    
-   11-50
    
-   51-200
    
-   201-500
    
-   501-1000
    
-   1000+
    

#### Pricing Options

-   $$$$$
    
-   $$$$$
    
-   $$$$$
    
-   $$$$$
    
-   $$$$$
    

### Compare Products

Sort by

**Recommendations**: Sorts listings by the number of recommendations our advisors have made over the past 30 days. Our advisors assess buyers’ needs for free and only recommend products that meet buyers’ needs. Vendors pay Software Advice for these referrals.  
  
**Reviews**: Sorts listings by the number of user reviews we have published, greatest to least.  
  
**Average Rating**: Sorts listings by overall star rating based on user reviews, highest to lowest.  
  
**Alphabetically (A-Z)**: Sorts listings by product name from A to Z.

### Product: Rayven

[Rayven](https://www.softwareadvice.com/iot/rayven-profile/)

5.0

[(24)](https://www.softwareadvice.com/iot/rayven-profile/)

### Pricing availability

Free trial: Available

Free version: Available

Software Advice Summary

The problem Most organisations face the same challenge: fragmented systems, siloed data + AI projects that never ship because the data underneath them is not ready. Off-the-shelf tools don't fit. Custom development takes too long. Internal builds drain resources. The result is technology sprawl - and mounting pressure to show results from AI investments that have yet to deliver. What Rayven does Rayven is operational software for an AI-powered world. The Rayven Platform delivers an AI data fabric across five unified layers - connecting every system a business runs, processing data in real time, executing AI and automation, and surfacing results through custom applications and interfaces. All on existing infrastructure, without replacing it. What the platform delivers - Integration: Connect IT, OT, IoT, files, APIs, and data streams bidirectionally in real time. 600+ pre-built connectors plus a custom builder for anything not covered. - Unified data: Real-time processing, storage, ETL, and AI-ready data structuring. One live, governed single source of truth. - Execution: Workflow automation, predictive analytics + agentic AI on live operational data. MCP server connectivity for models such as Claude and GPT. - Presentation: Custom apps, dashboards, mobile apps, portals, forms, and conversational AI interfaces - built and hosted in the same platform. - Security + governance: Enterprise-grade access control, encryption, audit logging, data residency, and multi-tenant architecture. Built in from day one. Key capabilities - 600+ pre-built connectors. - 10 native AI capabilities. - 240+ deployments live. - 66% faster than traditional development. - 2-12 weeks to a working solution (Done-For-You). - 5/5 rating across 140+ reviews. Who it's for Rayven serves SMEs, enterprises + government organisations across 24+ industries - manufacturing, resources, energy, utilities, infrastructure, logistics, financial services, health, retail, and more. From growth-stage businesses building their first operational platform to global enterprises unifying complex multi-site operations. What customers build - Custom operational applications and management portals. - AI agents and agentic automation workflows. - Predictive analytics and machine learning tools. - Real-time dashboards and field data capture apps. - Unified data pipelines and integration infrastructure. - White-labelled software products for the partner channel. Delivery models - DIY: Build independently using Rayven's visual builders. Full platform access with training, documentation + support. - Done-For-You: Rayven's Australia-based team handles everything - discovery, design, build, testing, and deployment. Fixed scope. Fixed price. 2-12 weeks to a working solution. - Hybrid: Rayven builds the foundation; the customer's team takes increasing ownership over time with full knowledge transfer and ongoing support. White-label deployment is available across all three models. Partners can deliver under their own brand with full Rayven capability behind it.... [Read more](https://www.softwareadvice.com/iot/rayven-profile/)

### Best rated features:

Widgets

5.0

Scheduled/Automated Reports

5.0

Performance Monitoring

5.0

No-Code

5.0

[See all features](https://www.softwareadvice.com/iot/rayven-profile/#key-features)

### Curious

$0.00/month

### Build

$50.00/month

### Deploy

$500.00/month

[See full pricing details](https://www.softwareadvice.com/iot/rayven-profile/#pricing-and-plans)

### Product: FourJaw

[FourJaw](https://www.softwareadvice.com/manufacturing/fourjaw-profile/)

4.63

[(32)](https://www.softwareadvice.com/manufacturing/fourjaw-profile/reviews/)

### Pricing availability

Free trial: Not available

Free version: Not available

Software Advice Summary

Looking for simple and affordable software to get key production data from your machines? FourJaw's plug-and-play manufacturing analytics software captures production data with ease, identify bottlenecks and maximise production efficiency. We work with manufacturers to support their continuous improvement and lean manufacturing programs, by providing the right information to make informed decisions to continually improve their processes. Get in touch if you would like to explore how FourJaw's machine monitoring software can benefit your business!... [Read more](https://www.softwareadvice.com/manufacturing/fourjaw-profile/)

### Best rated features:

Customizable Reports

5.0

Root Cause Analysis

5.0

Mobile Access

5.0

Data Collection

5.0

### Worst rated features:

Production Tracking

2.5

[See all features](https://www.softwareadvice.com/manufacturing/fourjaw-profile/#key-features)

### Product: Memfault

[Memfault](https://www.softwareadvice.com/iot/memfault-profile/)

4.90

[(10)](https://www.softwareadvice.com/iot/memfault-profile/)

### Pricing availability

Free trial: Available

Free version: Available

Software Advice Summary

Memfault’s embedded observability platform brings the agility and flexibility of software development to hardware development. Our solution modernizes device monitoring, debugging, and deployment of updates, improving time-to-market and overall fleet health - all without impacting the end user. Why Memfault: Hardware developers have traditionally relied on passive processes to monitor, debug, and update connected devices. End users often find bugs like Bluetooth connectivity issues, battery life regressions, and unexpected resets before developers are aware of them. Investigating these bugs is time-consuming and costly: teams either have to reproduce issues on their own units or ask customers to mail their devices in for evaluation. It would take months and significant engineering resources to implement the tooling necessary to get equivalent functionality to what Memfault offers. By using Memfault internally, our customers are able to work more efficiently cross-functionally. - QA Engineers - Many of our customers are able to catch and fix issues before their device even ships. QA teams do not need to manually collect logs or device data, as Memfault automatically captures all relevant device states and sends it to the development team. - Firmware / Hardware Engineers - With Memfault, engineers are no longer dependent on support teams to escalate issues to them. Instead, they get automated reports within minutes of an issue happening anywhere in the world with all the information they need to root cause it. No need to reproduce the issue or wait for customers to mail their faulty devices back. - Support - With Memfault, device performance information is a few clicks away. Rather than ask customers what they are experiencing, support teams can simply query the device and zero in on the problem.... [Read more](https://www.softwareadvice.com/iot/memfault-profile/)

### Best rated features:

Real-Time Monitoring

5.0

Real-Time Analytics

5.0

Real-Time Notifications

5.0

Event Logs

5.0

### Worst rated features:

Third-Party Integrations

2.7

Data Import/Export

3.0

API

4.0

[See all features](https://www.softwareadvice.com/iot/memfault-profile/#key-features)

### Basic

$0.01/year

[See full pricing details](https://www.softwareadvice.com/iot/memfault-profile/#pricing-and-plans)

### Product: Secomea

[Secomea](https://www.softwareadvice.com/iot/secomea-profile/)

4.74

[(19)](https://www.softwareadvice.com/iot/secomea-profile/)

### Pricing availability

Free trial: Not available

Free version: Not available

Software Advice Summary

Secomea is a Secure Remote Access (SRA) solution specifically designed for industrial networks and OT equipment. It is utilized by nearly ten thousand customers worldwide across numerous sites, enabling them to remotely manage their machines and prevent downtime. Secomea's solution integrates with any OT equipment, allowing organizations to secure their cyber-physical systems. This enables technicians to remotely access and intervene in production facilities, reducing travel expenses, response time, and security risks. The implementation of Secomea's solution typically requires just one day per site. With a user-friendly and intuitive interface, Secomea aims to simplify secure remote access while maintaining global oversight and local control. Secomea's features: Identity and access management features: - Privileged access management: Set up hierarchy-based user roles based on the principle of least privilege - Granular access control: Control access on an individual level with granular permissions - Advanced grouping: Perform mass administration of user permissions - Just-in-time (JIT) access: Grant temporary or scheduled access to specific assets - Always-on access: Set up a static, persistent tunnel connection between two separate networks - Request for access: Users can request access to specific assets, and admins can approve it in one click - Multi-Factor Authentication (MFA): Verify users’ identities via MFA with SMS authentication - Single Sign-On (SSO): Secure users’ authentication via Single Sign-On (SSO) with Azure AD or Okta Remote access features: - Agentless, web-based system: Use Secomea directly from your browser – no need to install a plugin or application - Direct access via lightweight client: Supporting OT protocols such as Modbus, Profinet, EtherCAT, Ethernet/IP, etc. - Indirect and clientless access: Supporting remote access from your browser via RDP, VNC, SSH, Telnet, HTTPS - Secure file transfer: Scan files transferred remotely for viruses or malware to assess their safety Audit and monitoring: - Real-time activities monitoring: Get an overview of ongoing remote access sessions from the Prime Dashboard - Audit logs: Track every activity performed on your machines to document who did what and when - Session recordings: Capture videos of remote access sessions for troubleshooting and audit purposes - Alerts and automated actions: Get SMS/email notifications for specific events and automate triggered actions - Access gateways information: Get a centralized overview of all gateways with detailed info (serial number, IP, firmware, last heartbeat). Register info on their physical location and contact details for streamlined operations - Vulnerability hub: Spot gateways that are not running the latest firmware version and those whose models are approaching End of Life or End of Support to ensure timely updates and replacements Customization and integrations: - API access: Integrate Secomea with other tools you use to run your operations - AD integration: Changes implemented in Microsoft Azure Active Directory are synced hourly in Secomea’s access management server. - Security Information and Event Management (SIEM) integration: Integrate your SIEM system (Syslog, Splunk, etc.) with Secomea - Data Collection Module (DCM) and cloud integration - Collect data from your industrial equipment using its native data collection protocols (OPC UA, Modbus TCP, Siemens S7, Ethernet/IP, MQTT, etc.) and send it to your chosen cloud solution for further processing (Microsoft Azure IoT Hub, Amazon AWS IoT Core, Software AG Cumulocity IoT, Aveva Insight, MQTT data servers, etc.) - Support system integration: Integrate your support system with Secomea’s to centralize ticket management - Branding: Customize your URL and login page to align it with your corporate brand.... [Read more](https://www.softwareadvice.com/iot/secomea-profile/)

### Best rated features:

Network Security

5.0

Device Management

5.0

File Transfer

5.0

Mobile Access

5.0

### Worst rated features:

Server Monitoring

3.0

Configuration Management

3.5

[See all features](https://www.softwareadvice.com/iot/secomea-profile/#key-features)

### Product: Sumo Logic

[Sumo Logic](https://www.softwareadvice.com/log-management/sumo-logic-profile/)

4.64

[(33)](https://www.softwareadvice.com/log-management/sumo-logic-profile/reviews/)

### Pricing availability

Free trial: Available

Free version: Available

Software Advice Summary

Sumo Logic is a cloud-based log management platform that helps small to large businesses create, manage and archive event logs for auditing, issue tracking and compliance. The centralized platform comes with real-time analytics module for users to identify, investigate and resolve cyber threats, data breaches, and compliance negligence. Designed for professionals in development, engineering, IT, customer success, product, data science, security sectors, features of Sumo Logic include multiple user profiles, access controls, auto-scheduled searches, real-time alerts, identification of potential threats, custom reports and more. The system allows users to break data into silos and improve collaboration through shareable dashboards, reports and custom searches. Sumo Logic comes with an application programming interface, which allows enterprises to modify as well as integrate the platform with several third-party software such as Artifactory, MongoDB, Data Volume, CrowdStrike, Apache, Google Apps, Heroku, Microsoft SQL Server, and more.... [Read more](https://www.softwareadvice.com/log-management/sumo-logic-profile/)

### Best rated features:

Monitoring

5.0

Two-Factor Authentication

5.0

Compliance Management

5.0

Data Visualization

5.0

### Worst rated features:

ETL

3.0

Activity Tracking

3.0

Root Cause Analysis

3.0

Customizable Dashboard

3.3

[See all features](https://www.softwareadvice.com/log-management/sumo-logic-profile/#key-features)

### Free

$0.00/month

### Essentials

Custom

Pricing available upon request

### Enterprise Suite

Custom

Pricing available upon request

[See full pricing details](https://www.softwareadvice.com/log-management/sumo-logic-profile/#pricing-and-plans)

### Product: Factbird

[Factbird](https://www.softwareadvice.com/product/333741-Factbird/)

4.75

[(12)](https://www.softwareadvice.com/product/333741-Factbird/)

### Pricing availability

Free trial: Available

Free version: Not available

Software Advice Summary

Factbird is a manufacturing intelligence solution that simplifies data gathering and analysis for all manufacturers. Our mission is to redefine the boundaries of manufacturing intelligence, promoting operational efficiency, enhanced process optimization, and sustainable practices. This robust system comprises edge devices, sensors, and cameras for in-depth data acquisition, alongside a cloud-based application that captures, processes, and converts the data into actionable insights. Key offerings of the Factbird cloud application include: - Built-in OEE calculations and production monitoring - Video capture and historical data analytics to support continuous improvements - Process and quality performance management and monitoring - Corrective and proactive maintenance supported by real-time and historical equipment data -Tracking and analysis of utility consumption in the production processes... [Read more](https://www.softwareadvice.com/product/333741-Factbird/)

### Best rated features:

Traceability

5.0

Data Import/Export

5.0

Real-Time Analytics

4.9

Access Controls/Permissions

4.7

### Worst rated features:

Barcode/Ticket Scanning

1.0

Data Capture and Transfer

2.0

Work Order Management

3.3

Reporting & Statistics

4.0

[See all features](https://www.softwareadvice.com/product/333741-Factbird/#key-features)

### Essential

$219.00/month

Perfect for businesses new to data-driven manufacturing, offering foundational tools for operational efficiency.... [Read more](https://www.softwareadvice.com/product/333741-Factbird/#pricing-and-plans)

### Advanced

$329.00/month

Ideal for growing businesses seeking deeper operational insights and integration with other systems.

### Enterprise

Custom

Pricing available upon request

For large organizations with advanced security, customization, and support needs.

[See full pricing details](https://www.softwareadvice.com/product/333741-Factbird/#pricing-and-plans)

### Product: Flex83

[Flex83](https://www.softwareadvice.com/app-building/flex83-profile/)

5.0

[(3)](https://www.softwareadvice.com/app-building/flex83-profile/)

### Pricing availability

Free trial: Available

Free version: Not available

Software Advice Summary

Flex83 is an application enablement platform (AEP) that helps businesses create, validate and deploy custom web applications. The platform enables IT teams to utilize sensors and software to handle data transfer across systems and devices. It allows administrators to manage device attributes, configure event-based triggers, and assign icons to distinguish different devices. Features of Flex83 include data import/export, application lifecycle management, notifications, data storage management, code refactoring and more. Additionally, it lets managers create custom dashboards, organize digital assets, conduct data analysis and configure workflows. Flex83 comes with an application programming interface (API), which facilitates integration with several third-party platforms. Pricing is available on a monthly subscription and support is extended via phone, email, documentation, videos and other online measures.... [Read more](https://www.softwareadvice.com/app-building/flex83-profile/)

### Basic

$100.00/month

[See full pricing details](https://www.softwareadvice.com/app-building/flex83-profile/#pricing-and-plans)

### Product: AWS IoT

[AWS IoT](https://www.softwareadvice.com/audit/aws-iot-profile/)

4.80

[(5)](https://www.softwareadvice.com/audit/aws-iot-profile/)

### Pricing availability

Free trial: Available

Free version: Not available

Software Advice Summary

AWS IoT is an audit and IoT analytics solution that helps businesses streamline processes related to predictive maintenance, data collection, event detection, and more from within a unified platform. It allows team members to utilize SiteWise module to collect and analyze data from industrial equipment to identify issues, optimize processes, manage visualizations, and more. AWS IoT device management tool lets users handle device registration, locate connected devices, manage remote reboots, monitor device health, set up access policies, and streamline other operations. It allows employees to build industrial, home automation, electric vehicle, and public safety-based IoT applications. AWS IoT's pricing is available on request and support is extended via documentation, FAQs, email, and other online measures.... [Read more](https://www.softwareadvice.com/audit/aws-iot-profile/)

### Best rated features:

Reporting & Statistics

5.0

Audit Management

5.0

Compliance Management

5.0

API

5.0

### Worst rated features:

ISO Compliance

4.0

Customizable Reports

4.0

Audit Planning

4.0

[See all features](https://www.softwareadvice.com/audit/aws-iot-profile/#key-features)

### Basic

Custom

Pricing available upon request

[See full pricing details](https://www.softwareadvice.com/audit/aws-iot-profile/#pricing-and-plans)

### Product: Ubidots STEM

[Ubidots STEM](https://www.softwareadvice.com/product/360831-Ubidots/)

4.50

[(4)](https://www.softwareadvice.com/product/360831-Ubidots/)

### Pricing availability

Free trial: Available

Free version: Not available

Software Advice Summary

Ubidots STEM is a non-commercial license that supports Ubidots' mission of making IoT easier and more accessible for everyone and is used by thousands of students, researchers, and hobbyists around the world. Ubidots STEM is best applied to DIY projects and non-commercial uses.... [Read more](https://www.softwareadvice.com/product/360831-Ubidots/)

### Best rated features:

Data Management

5.0

Real-Time Updates

5.0

Widgets

5.0

Reporting/Analytics

5.0

### Worst rated features:

Activity Tracking

3.0

Real-Time Monitoring

4.0

Performance Monitoring

4.0

Integrations Management

4.0

[See all features](https://www.softwareadvice.com/product/360831-Ubidots/#key-features)

### Basic

$49.00/month

[See full pricing details](https://www.softwareadvice.com/product/360831-Ubidots/#pricing-and-plans)

### Product: Datadog

[Datadog](https://www.softwareadvice.com/bi/datadog-profile/)

4.57

[(366)](https://www.softwareadvice.com/bi/datadog-profile/reviews/)

Best for:Small businesses

### Pricing availability

Free trial: Available

Free version: Available

Software Advice Summary

Datadog is the monitoring, security and analytics platform for developers, IT operations teams, security engineers and business users in the cloud age. Datadog's SaaS platform integrates and automates infrastructure monitoring, application performance monitoring and log management to provide unified, real-time observability of our customers' entire technology stack. Datadog is used by organizations of all sizes and across a wide range of industries to enable digital transformation and cloud migration, drive collaboration among development, operations, security and business teams, accelerate time to market for applications, reduce time to problem resolution, secure applications and infrastructure, understand user behavior and track key business metrics.... [Read more](https://www.softwareadvice.com/bi/datadog-profile/)

### What users love

-   Comprehensive real-time monitoring platform
-   Unified log analysis and visibility
-   Customizable and insightful dashboards

### To take in mind

-   Complex and expensive pricing model

### Best rated features:

Real-time Alerts

5.0

Activity Dashboard

5.0

Troubleshooting Reports

5.0

Statistical Analysis

5.0

### Worst rated features:

Third-Party Integrations

2.0

Web-Application Security

3.0

[See all features](https://www.softwareadvice.com/bi/datadog-profile/#key-features)

### Free

Custom

Pricing available upon request

Up to 5 hosts

### Pro

$15.00/month

Offer 15-month metric retention

### Enterprise

$23.00/month

Up to 200 custom metrics

[See full pricing details](https://www.softwareadvice.com/bi/datadog-profile/#pricing-and-plans)

### Product: Rybit

[Rybit](https://www.softwareadvice.com/fleet-management/rybit-profile/)

5.0

[(1)](https://www.softwareadvice.com/fleet-management/rybit-profile/)

### Pricing availability

Free trial: Not available

Free version: Not available

Software Advice Summary

Rybit is a cloud-based fleet management software that helps small to large food delivery, eCommerce, shared e-bike, and courier companies streamline delivery operations. Key features of Rybit include fleet performance analysis, fleet lifecycle management, in-app payments, location tracking, vehicle behavior analysis, error monitoring, and anti-theft. The IoT-enabled software enables organizations to remotely lock or unlock e-bikes, change pricing models, and push software updates. Additionally, its analytics tools help companies gain insights into user behavior, battery levels, and usage patterns facilitating data-driven decision-making to improve operations. It provides users with real-time data on e-bike locations and helps track as well as communicate with riders in real-time through a unified platform.... [Read more](https://www.softwareadvice.com/fleet-management/rybit-profile/)

### Best rated features:

Activity Dashboard

5.0

Monitoring

5.0

Real-Time Notifications

5.0

[See all features](https://www.softwareadvice.com/fleet-management/rybit-profile/#key-features)

### Product: Skysens

[Skysens](https://www.softwareadvice.com/it-management/skysens-iot-platform-profile/)

5.0

[(1)](https://www.softwareadvice.com/it-management/skysens-iot-platform-profile/)

### Pricing availability

Free trial: Available

Free version: Available

Software Advice Summary

Skysens is a predictive monitoring platform designed for asset monitoring and performance improvement through AI-connected industrial IoT applications. It is suitable for industries requiring technical monitoring solutions, including manufacturing facilities, airports and other industrial environments. The platform includes a no-code visualization interface with drag-and-drop functionality, various widgets and built-in AI features. It supports private deployments with an integrated LoRaWAN Network Server. Deployment options include on-premises and private cloud setups, offering enhanced security. The system supports industrial data management with Unified Namespace architecture and no-code integrations for protocols such as MODBUS and OPC. Its API-driven microservice architecture allows for developer customization and white-labeling. Skysens AgPM uses application-specific AI models and specialized hardware to address operational challenges. It features an advanced rule engine for customized monitoring and automation processes tailored to industrial requirements. The architecture enables real-time data processing and AI-driven insights to enhance decision-making and operational workflows across industrial systems.... [Read more](https://www.softwareadvice.com/it-management/skysens-iot-platform-profile/)

### Best rated features:

Trend Analysis

5.0

Reporting & Statistics

5.0

Big Data Analytics

5.0

Generative AI

5.0

[See all features](https://www.softwareadvice.com/it-management/skysens-iot-platform-profile/#key-features)

### Free Edition

Custom

Pricing available upon request

1 User / 1 Location

### Premium

Custom

Pricing available upon request

Up to 5 Users / 5 Locations

### Enterprise

Custom

Pricing available upon request

Unlimited Users

[See full pricing details](https://www.softwareadvice.com/it-management/skysens-iot-platform-profile/#pricing-and-plans)

### Product: Elastic Stack

[Elastic Stack](https://www.softwareadvice.com/bi/elasticsearch-profile/)

4.61

[(70)](https://www.softwareadvice.com/bi/elasticsearch-profile/reviews/)

### Pricing availability

Free trial: Available

Free version: Not available

Software Advice Summary

Built on a foundation of free and open, Elasticsearch, Logstash, Kibana, and Beats pave the way for diverse use cases that start with logging and span as far as your imagination takes you. Elastic features like machine learning, security, and reporting compound that value — and since they’re made for Elastic, you'll only find them from us. Reliably and securely take data from any source, in any format, then search, analyze, and visualize it in real time.... [Read more](https://www.softwareadvice.com/bi/elasticsearch-profile/)

### Best rated features:

Event Logs

5.0

Access Controls/Permissions

5.0

Full Text Search

5.0

Log Collection

4.9

### Worst rated features:

Application Security

2.0

Data Analysis Tools

3.5

API

3.5

Third-Party Integrations

4.0

[See all features](https://www.softwareadvice.com/bi/elasticsearch-profile/#key-features)

### Basic

$16.00/month

[See full pricing details](https://www.softwareadvice.com/bi/elasticsearch-profile/#pricing-and-plans)

### Product: Sensolus

[Sensolus](https://www.softwareadvice.com/logbook/sensolus-profile/)

4.67

[(3)](https://www.softwareadvice.com/logbook/sensolus-profile/)

### Pricing availability

Free trial: Not available

Free version: Not available

Software Advice Summary

Sensolus offers a tracking solution from asset management to supply chain and lets users track and manage non-powered assets such as containers, trailers, boxes, and equipment. The solution addresses the challenges posed by the scattered nature of these assets across diverse locations, providing insights into their whereabouts and utilization. Connecting these assets to the internet enables you to know where specific assets are, detect issues in your processes, and ensure full visibility when working with contractors or customers. By attaching a tracker to the assets, a digital twin is created on the Sensolus platform, allowing users to keep track of this asset over its lifetime and get business insights from its utilization. Sensolus enhances the user experience, allowing businesses to easily access and analyze the wealth of information generated by the IoT solution. Customizable dashboards, real-time alerts, and historical data analysis empower decision-makers to address challenges and capitalize on opportunities.... [Read more](https://www.softwareadvice.com/logbook/sensolus-profile/)

### Best rated features:

Alerts/Notifications

5.0

Real-Time Notifications

5.0

Third-Party Integrations

5.0

Transportation Management

5.0

### Worst rated features:

Vehicle Tracking

3.0

Route Optimization

3.0

Inventory Management

4.0

[See all features](https://www.softwareadvice.com/logbook/sensolus-profile/#key-features)

### Product: Visplore

[Visplore](https://www.softwareadvice.com/bi/visplore-profile/)

4.75

[(4)](https://www.softwareadvice.com/bi/visplore-profile/)

### Pricing availability

Free trial: Available

Free version: Not available

Software Advice Summary

Modern production relies on KPIs and dashboards to monitor performance. When scrap, energy use, or cycle times worsen, deviations are visible but causes remain unclear. Manual data analysis in spreadsheets delays action and increases costs. Visplore closes this gap between monitoring and understanding. It is the leading European software for deep, systematic root cause analysis in industrial environments. When KPIs and simple trends are no longer sufficient and action is time-critical, Visplore complements dashboards with guided forensic analyses that uncover the “why” behind deviations — directly across all relevant IT/OT time series in one environment. Instead of switching tools or manually merging data, engineers can start a structured root cause analysis with one click, directly from KPI deviations. Whether the task is understanding why a specific batch produced more scrap, how process conditions differed in high-quality runs, or why machine cycles suddenly take longer, Visplore enables fast, transparent answers through interactive time series analysis and multivariate exploration. At its core, Visplore combines powerful data analysis with an intuitive visual analytics process optimization workflow. Users can compare operating states, identify influencing variables, detect hidden correlations, and validate hypotheses without complex modeling or programming. All insights are derived through guided steps and clear visualizations — no black boxes, no opaque algorithms. This makes advanced analytics accessible to everyday engineers, not just data scientists. Visplore works seamlessly across the entire IT/OT landscape, integrating process, asset, quality, and material data. Because it is fully deployable on-premise, sensitive production data remains where it belongs — inside the existing infrastructure. Engineers analyze data where it lives, without cloud transfer or complicated data pipelines. Compared to other data analysis tools such as Seeq and TrendMiner, Visplore is built for on-premise deployments and for everyday engineering use, making industrial data analysis accessible, repeatable, and ready for action. A deep dive into process behavior should not require days of preparation. With Visplore, the transition from monitoring to structured analysis happens instantly. Deviations are transformed into standardized forensic workflows that guide users step by step through time series analysis, root cause analysis, and performance validation. This structured approach ensures that investigations are not only fast, but also reproducible across teams, units, and sites. The result is a measurable reduction in time-to-insight and time-to-action — from days to minutes. Expert knowledge becomes embedded in templates and best-practice workflows, reducing dependency on individual specialists and freeing up valuable engineering capacity. Instead of relying on central analytics teams, operational staff can independently perform advanced data analysis and drive visual analytics process optimization in their daily work. Visplore also supports the evolution from reactive troubleshooting to proactive improvement. Proven analysis templates can be standardized and scaled into automated monitoring and reporting workflows. Insights gained during investigations can be operationalized to prevent recurring issues and continuously optimize performance. Key benefits: 1. Rapid root cause analysis directly from KPI deviations 2. Integrated time series analysis across all relevant data sources 3. Structured, guided data analysis workflows for engineers 4. Transparent, visual methods for hypothesis testing and validation 5. On-premise deployment with seamless IT/OT connectivity 6. Scalable visual analytics process optimization from ad-hoc troubleshooting to standardized reporting Visplore empowers industrial organizations to move beyond dashboards and turn data into decisions.... [Read more](https://www.softwareadvice.com/bi/visplore-profile/)

### Best rated features:

Data Discovery

5.0

Visual Analytics

5.0

Data Import/Export

5.0

Statistical Analysis

5.0

### Worst rated features:

Data Connectors

1.0

Real-Time Reporting

3.0

Dashboard

4.0

Reporting/Analytics

4.0

[See all features](https://www.softwareadvice.com/bi/visplore-profile/#key-features)

### Visplore License subscription

Custom

Pricing available upon request

[See full pricing details](https://www.softwareadvice.com/bi/visplore-profile/#pricing-and-plans)

### Product: Microcall

[Microcall](https://www.softwareadvice.com/data-collection/microcall-profile/)

4.61

[(18)](https://www.softwareadvice.com/data-collection/microcall-profile/reviews/)

### Pricing availability

Free trial: Available

Free version: Not available

Software Advice Summary

Microcall is a unified call analytics solution that helps organizations analyze and clarify complicated voice data by producing easy-to-visualize dashboards to improve employee productivity, manage the voice infrastructure, troubleshoot voice issues, reduce expenses, and improve operational efficiency. Microcall helps users streamline employee management and the voice infrastructure by providing cradle-to-grave searches and ad-hoc reports, real-time alerts for notification of SIP capacity issues, improper routing, voice usage irregularities, customer service levels, increased expenses, toll fraud, as well as dashboards for employee abuse and misuses. Microcall integrates with all on-premises and cloud-based voice solutions including Cisco, Microsoft Teams, Avaya, Webex and all Session Border Controllers.... [Read more](https://www.softwareadvice.com/data-collection/microcall-profile/)

### Best rated features:

Dashboard

5.0

Customizable Reports

5.0

Self-service Analytics

5.0

Multiple Data Sources

5.0

[See all features](https://www.softwareadvice.com/data-collection/microcall-profile/#key-features)

### Plan

Custom

Pricing available upon request

[See full pricing details](https://www.softwareadvice.com/data-collection/microcall-profile/#pricing-and-plans)

### Product: Machine Learning on AWS

[Machine Learning on AWS](https://www.softwareadvice.com/decision-support/machine-learning-on-aws-profile/)

4.67

[(6)](https://www.softwareadvice.com/decision-support/machine-learning-on-aws-profile/)

### Pricing availability

Free trial: Available

Free version: Not available

Software Advice Summary

AWS provides the most comprehensive set of artificial intelligence (AI) and machine learning (ML) services. With a fully managed cloud infrastructure, you can build, train, and deploy integrated machine learning models for any use case. Scalable, low-cost machine learning with high performance. With AWS machine learning, you can make accurate predictions, gain deeper insights from your data, reduce operational overhead, and improve customer experience (ML). AWS supports you at every stage of your ML adoption journey by providing the most comprehensive set of AI and ML services, infrastructure, and implementation resources. AWS offers 2 months of free machine learning usage under it's free-tier offering. AWS machine learning offers at least 54% lower total cost of ownership over three years compared to other cloud-based solutions. This AWS Machine Learning eBook will walk you through what benefits AWS Machine Learning can have for your business.... [Read more](https://www.softwareadvice.com/decision-support/machine-learning-on-aws-profile/)

### Best rated features:

Data Connectors

5.0

Data Storage Management

5.0

Sentiment Analysis

5.0

Reporting & Statistics

5.0

### Worst rated features:

Text Analysis

3.0

Third-Party Integrations

3.5

Machine Learning

4.0

Reporting/Analytics

4.0

[See all features](https://www.softwareadvice.com/decision-support/machine-learning-on-aws-profile/#key-features)

### Basic

Custom

Pricing available upon request

[See full pricing details](https://www.softwareadvice.com/decision-support/machine-learning-on-aws-profile/#pricing-and-plans)

### Product: BangDB

[BangDB](https://www.softwareadvice.com/bi/iqlect-profile/)

4.50

[(2)](https://www.softwareadvice.com/bi/iqlect-profile/)

### Pricing availability

Free trial: Available

Free version: Available

Software Advice Summary

IQLECT is a cloud-based real-time analytics solution for midsize and large businesses that collects and correlates data from apps, servers, databases, sensors and websites. IQLECT is built on event-based architecture that enables data capture and analysis, and each is processed individually. The solution uses a NoSQL database for processing data, and users can create derived data streams, which are the output of the analysis of a primary data stream. Users can also filter, combine and analyze data streams to identify patterns. IQLECT provides a dashboard that helps users to view information in the form of graphs, tables and charts. It also offers a separate page for streams containing lists of data and derived data streams in the system. IQLECT offers a perpetual license for a one-time fee that includes support through an online knowledge base and email.... [Read more](https://www.softwareadvice.com/bi/iqlect-profile/)

### Basic

$279.00/month

[See full pricing details](https://www.softwareadvice.com/bi/iqlect-profile/#pricing-and-plans)

### Product: PRTG Hosted Monitor

[PRTG Hosted Monitor](https://www.softwareadvice.com/it-management/prtg-hosted-monitor-profile/)

4.50

[(2)](https://www.softwareadvice.com/it-management/prtg-hosted-monitor-profile/)

### Pricing availability

Free trial: Available

Free version: Not available

Software Advice Summary

Paessler PRTG Hosted Monitor allows you to monitor your network from any browser. You get all the benefits of Paessler IT monitoring: extensive features, highly flexible data management and powerful reporting across infrastructure, applications and services. There’s no need to order new hardware or look for a machine with spare capacity in your company. Our PRTG experts set up everything for you on reliable AWS servers in the region of your choice, including highly performant remote probes that collect data from the networks they are installed on and send it to a central hub (your hosted PRTG instance). This makes it easy to set up new environments. You can also use our Windows-based remote probes for monitoring devices inside your local network that are not publicly reachable.... [Read more](https://www.softwareadvice.com/it-management/prtg-hosted-monitor-profile/)

### Best rated features:

Real-Time Monitoring

5.0

Server Monitoring

5.0

Real-Time Notifications

4.5

Alerts/Notifications

4.5

### Worst rated features:

Patch Management

3.0

Remote Access/Control

3.0

Network Monitoring

4.0

Alerts/Escalation

4.0

[See all features](https://www.softwareadvice.com/it-management/prtg-hosted-monitor-profile/#key-features)

### Basic

€129.00/month

[See full pricing details](https://www.softwareadvice.com/it-management/prtg-hosted-monitor-profile/#pricing-and-plans)

### Product: Seebo

[Seebo](https://www.softwareadvice.com/cmms/seebo-profile/)

4.50

[(2)](https://www.softwareadvice.com/cmms/seebo-profile/)

### Pricing availability

Free trial: Available

Free version: Not available

Software Advice Summary

Seebo is a cloud-based internet of things (IoT) development platform that helps businesses in the manufacturing industry design and deliver connected products and systems. The solution combines tools for IoT modeling, simulation, execution, behavior analytics and more. Seebo can be used to design products that provide predictive maintenance, remote asset monitoring, connected factory management and product innovation. The solution's IoT modeler module helps users to gauge the market fit of IoT concepts and estimate technical and financial feasibility. The IoT Execution Hub enables managers organize teams and plan development objectives. Additionally, Seebo supports integration with various cloud services such as Microsoft Azure, IBM, Bluemix, AWS and more. It also supports integrations with productivity platforms including Jira, Asana and various other collaboration tools. Services are offered on an annual subscription basis that includes support via phone, email and an online knowledge base.... [Read more](https://www.softwareadvice.com/cmms/seebo-profile/)

### Basic

$40,000.00

[See full pricing details](https://www.softwareadvice.com/cmms/seebo-profile/#pricing-and-plans)

### Product: SkySpark

[SkySpark](https://www.softwareadvice.com/iot/skyspark-profile/)

4.50

[(4)](https://www.softwareadvice.com/iot/skyspark-profile/)

### Pricing availability

Free trial: Not available

Free version: Not available

Software Advice Summary

Designed for a wide variety of verticals across the energy, agriculture, government, and retail industries, SkySpark is an IoT analytics platform that automatically analyzes data from automation systems, meters, sensors, and other smart devices to identify issues, patterns, deviations, faults and opportunities for operational improvements. SkySpark collects, stores, organizes, analyzes, and visualize vast amount of IoT data across multiple smart systems. With over 500 built-in analytic functions, SkySpark can generate visualizations and data reports using a built-in analytic engine, Axon. SkySpark’s View Builder can automatically generate customized analytic views using display widgets and a simple point-and-click tool. SkySpark can easily integrate with a variety of export formats and the full system can be accessed via the Project Haystack REST API. SkySpark is designed to runs on any machine that supports a Java VM.... [Read more](https://www.softwareadvice.com/iot/skyspark-profile/)

### Product: Insights Hub

[Insights Hub](https://www.softwareadvice.com/product/498526-insights-hub/)

4.0

[(1)](https://www.softwareadvice.com/product/498526-insights-hub/)

### Pricing availability

Free trial: Not available

Free version: Not available

Software Advice Summary

Insights Hub is an industrial IoT platform that connects manufacturing assets to a centralized system, providing operational transparency. It is used across industries such as automotive, electronics, food production, and heavy equipment manufacturing to leverage data for operational improvements. The platform supports decision-making aimed at enhancing productivity and sustainability. It offers tools for data collection and exploration, enabling assets to connect to the cloud and expand IoT capabilities. Analytics features provide insights into processes, helping manufacturing teams identify opportunities for improvement. Asset monitoring delivers real-time operational data, while performance enhancement and quality prediction functionalities support better product outcomes.... [Read more](https://www.softwareadvice.com/product/498526-insights-hub/)

### Best rated features:

Multiple Data Sources

5.0

Real-Time Analytics

5.0

For IoT Devices

5.0

Data Discovery

5.0

### Worst rated features:

Asset Tracking

4.0

[See all features](https://www.softwareadvice.com/product/498526-insights-hub/#key-features)

### Product: WeASSIST

[WeASSIST](https://www.softwareadvice.com/product/450659-WeASSIST/)

4.0

[(1)](https://www.softwareadvice.com/product/450659-WeASSIST/)

### Pricing availability

Free trial: Available

Free version: Not available

Software Advice Summary

WeASSIST is a cloud-based solution for monitoring and optimizing manufacturing processes across industries. The system is designed as a plug-and-play retrofit that caters to a wide range of businesses, from manual workstations to automated machinery and equipment. The solution provides real-time monitoring of machine and workstation states. This enables quick problem-solving and rapid response to disruptions. WeASSIST's analytics and reporting capabilities offer automated insights. This allows manufacturers to identify permanent optimizations for their processes. The cloud-based platform ensures digital, scalable, and flexible process optimization. It provides full transparency over all workstations, machines, and systems. WeASSIST can be easily integrated into existing production environments. The hardware and software work seamlessly together, delivering a comprehensive process optimization tool. The system can be set up and configured in just a minute. Manufacturers can achieve greater efficiency, productivity, and profitability through data-driven decision-making and continuous improvement with WeASSIST.... [Read more](https://www.softwareadvice.com/product/450659-WeASSIST/)

### Best rated features:

Alerts/Notifications

5.0

Real-Time Analytics

5.0

Shop Floor Management

4.0

[See all features](https://www.softwareadvice.com/product/450659-WeASSIST/#key-features)

### 3 Users, 10 Machines or Workstations

€130.00/month

Price for licences. Additional costs for required hardware.

[See full pricing details](https://www.softwareadvice.com/product/450659-WeASSIST/#pricing-and-plans)

### Product: Google Cloud IoT

[Google Cloud IoT](https://www.softwareadvice.com/iot/google-cloud-iot-profile/)

4.54

[(46)](https://www.softwareadvice.com/iot/google-cloud-iot-profile/)

### Pricing availability

Free trial: Available

Free version: Available

Software Advice Summary

Google Cloud IoT is a cloud-based internet of things (IoT) platform that helps businesses securely analyze, manage and ingest data from multiple devices. The platform enables IT teams to streamline data collection, processing and visualization processes in real-time. It allows employees to detect anomalies in the business data, optimize the performance of equipment and conduct predictive analytics. Features of Google Cloud IoT include TLS security, role-based access control, asset tracking, analytics and more. Additionally, it lets users manage the registration, deployment and operation of dispersed devices and automatically update their properties. Google Cloud IoT supports integration with several third-party platforms including Searce, Cloudfresh, Cloudbakers, Maven Wave, SoftServe, SADA, MediaAgility, Onix, Servian and more. Pricing is available on request and support is extended via phone, email, documentation and other online measures.... [Read more](https://www.softwareadvice.com/iot/google-cloud-iot-profile/)

### Best rated features:

Real-Time Monitoring

5.0

Real-Time Analytics

5.0

Configuration Management

5.0

Data Visualization

4.7

### Worst rated features:

Asset Tracking

3.0

ETL

4.0

Connectivity Management

4.0

Activity Dashboard

4.0

[See all features](https://www.softwareadvice.com/iot/google-cloud-iot-profile/#key-features)

### Basic

Custom

Pricing available upon request

[See full pricing details](https://www.softwareadvice.com/iot/google-cloud-iot-profile/#pricing-and-plans)

### Product: AWS IoT Analytics

[AWS IoT Analytics](https://www.softwareadvice.com/iot-analytics/aws-iot-analytics-profile/)

4.33

[(3)](https://www.softwareadvice.com/iot-analytics/aws-iot-analytics-profile/)

### Pricing availability

Free trial: Not available

Free version: Not available

Software Advice Summary

AWS IoT Analytics is an analytics solution that helps businesses of all sizes in retail, healthcare, transportation, education, and other industries streamline operations related to IoT data cleansing, transformation, visualization, and more on a centralized platform. It allows staff members to create time-series analyses to monitor device performance, predict maintenance requirements, and react to environmental conditions. AWS IoT Analytics enables team members to store processed and raw data, define data retention policies and manage access permissions to ensure user and data security. It lets employees run scheduled and ad hoc queries using the built-in SQL query engine. Business leaders can utilize the Amazon QuickSight dashboard to visualize data sets. Additionally, supervisors can use mathematical and conditional logic to perform common calculations, such as Celsius to Fahrenheit conversions. AWS IoT Analytics utilizes the BatchPutMessage application programming interface (API) to access data from external systems such as Amazon S3, Amazon Kinesis. and more. Pricing is available on request and support is extended via FAQs, email, documentation and other online measures.... [Read more](https://www.softwareadvice.com/iot-analytics/aws-iot-analytics-profile/)

### Best rated features:

Real-Time Reporting

5.0

For IoT Devices

5.0

Data Collection

4.7

ETL

4.5

### Worst rated features:

Data Visualization

4.0

[See all features](https://www.softwareadvice.com/iot-analytics/aws-iot-analytics-profile/#key-features)

1

[2](https://www.softwareadvice.com/iot-analytics/?page=2)[3](https://www.softwareadvice.com/iot-analytics/?page=3)

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The IoT devices you use for your business, such as smart lighting systems, wireless inventory trackers, connected security cameras, smart fleet sensors, and smart thermostats, generate large volumes of unstructured device data. If analyzed properly, this device data can provide insights into the performance of your assets and processes as well as help predict future outcomes.

IoT analytics software automates the process of collecting and analyzing the IoT data generated by internet-connected devices. You can use the generated insights to optimize operations, improve business processes, predict inventory needs, track the condition of assets and equipment, and much more. The software helps you make data-backed decisions for your business.

Given the many options available on the market, it can be confusing to decide which software to choose. In this buyers guide, we provide all the information you need to purchase an IoT analytics tool that suits your business needs.

Here's what we'll cover:

-   [What is IoT analytics software?](#WhatisIoTanalyticssoftware)
    
-   [Common features of IoT analytics software](#CommonfeaturesofIoTanalyticssoftware)
    
-   [What type of buyer are you?](#Whattypeofbuyerareyou)
    
-   [Benefits of IoT analytics software](#BenefitsofIoTanalyticssoftware)
    
-   [Key considerations](#Keyconsiderations)
    
-   [Market trends to understand](#Markettrendstounderstand)
    

## What is IoT analytics software?

IoT analytics software is a software tool that automates the process of collecting and analyzing sensor data from internet-connected IoT devices. It allows businesses to evaluate historical device data and derive actionable insight from it to predict future outcomes, such as potential failure or breakdown of machinery.

The software offers data analytics capabilities to help businesses better understand unique data parameters such as temperature, motion, and sound from IoT devices such as connected appliances, smart factory equipment, and wearable health monitoring devices. It prepares, filters, transforms, and drills into sensor data to extract insights for decision-making.

The software has many applications, including facility management, asset management, retail customer experience management, quality management, and fleet management.

_The analytics dashboard in_ [IoTConnect](https://www.softwareadvice.com/iot/iot-platform-profile/) _(_[Source](https://www.softwareadvice.com/iot/iot-platform-profile/)_)_

## Common features of IoT analytics software

Most IoT analytics software platforms have the following common features:

<table data-testid="blogTableComponent" class="mb-6 w-full bg-white  border border-solid border-grey-15  sm:[&amp;_*]:break-normal"><tbody><tr class="border border-solid border-grey-15"><td class="min-w-[100px] p-3 [&amp;_p]:mb-0 [&amp;_p]:break-normal"><p class=" mb-4 text-base text-grey-91 first:mt-0 sm:mb-6 sm:text-lg [&amp;_em]:text-grey-60" data-testid="buyers-guide-paragraph"><b>Asset tracking</b></p></td><td class="min-w-[100px] p-3 [&amp;_p]:mb-0 [&amp;_p]:break-normal"><p class=" mb-4 text-base text-grey-91 first:mt-0 sm:mb-6 sm:text-lg [&amp;_em]:text-grey-60" data-testid="buyers-guide-paragraph">Analyze usage data of assets, such as software and hardware systems, throughout their lifecycle to track performance and address issues proactively.</p></td></tr><tr class="border border-solid border-grey-15"><td class="min-w-[100px] p-3 [&amp;_p]:mb-0 [&amp;_p]:break-normal"><p class=" mb-4 text-base text-grey-91 first:mt-0 sm:mb-6 sm:text-lg [&amp;_em]:text-grey-60" data-testid="buyers-guide-paragraph"><b>Data collection</b></p></td><td class="min-w-[100px] p-3 [&amp;_p]:mb-0 [&amp;_p]:break-normal"><p class=" mb-4 text-base text-grey-91 first:mt-0 sm:mb-6 sm:text-lg [&amp;_em]:text-grey-60" data-testid="buyers-guide-paragraph">Collect data directly from internet-connected devices, sensors, and time-series databases to generate insights for your business.</p></td></tr><tr class="border border-solid border-grey-15"><td class="min-w-[100px] p-3 [&amp;_p]:mb-0 [&amp;_p]:break-normal"><p class=" mb-4 text-base text-grey-91 first:mt-0 sm:mb-6 sm:text-lg [&amp;_em]:text-grey-60" data-testid="buyers-guide-paragraph"><b>Real-time analytics</b></p></td><td class="min-w-[100px] p-3 [&amp;_p]:mb-0 [&amp;_p]:break-normal"><p class=" mb-4 text-base text-grey-91 first:mt-0 sm:mb-6 sm:text-lg [&amp;_em]:text-grey-60" data-testid="buyers-guide-paragraph">Analyze the data generated by any IoT device in real time to extract insights and predict future outcomes.</p></td></tr><tr class="border border-solid border-grey-15"><td class="min-w-[100px] p-3 [&amp;_p]:mb-0 [&amp;_p]:break-normal"><p class=" mb-4 text-base text-grey-91 first:mt-0 sm:mb-6 sm:text-lg [&amp;_em]:text-grey-60" data-testid="buyers-guide-paragraph"><b>Activity dashboard</b></p></td><td class="min-w-[100px] p-3 [&amp;_p]:mb-0 [&amp;_p]:break-normal"><p class=" mb-4 text-base text-grey-91 first:mt-0 sm:mb-6 sm:text-lg [&amp;_em]:text-grey-60" data-testid="buyers-guide-paragraph">Access a centralized dashboard that compiles the data collected from IoT devices and visualizes key data points from it.</p></td></tr><tr class="border border-solid border-grey-15"><td class="min-w-[100px] p-3 [&amp;_p]:mb-0 [&amp;_p]:break-normal"><p class=" mb-4 text-base text-grey-91 first:mt-0 sm:mb-6 sm:text-lg [&amp;_em]:text-grey-60" data-testid="buyers-guide-paragraph"><b>Predictive analytics</b></p></td><td class="min-w-[100px] p-3 [&amp;_p]:mb-0 [&amp;_p]:break-normal"><p class=" mb-4 text-base text-grey-91 first:mt-0 sm:mb-6 sm:text-lg [&amp;_em]:text-grey-60" data-testid="buyers-guide-paragraph">Analyze historical and current data from IoT devices and sensors to predict future outcomes and take corrective action proactively.</p></td></tr><tr class="border border-solid border-grey-15"><td class="min-w-[100px] p-3 [&amp;_p]:mb-0 [&amp;_p]:break-normal"><p class=" mb-4 text-base text-grey-91 first:mt-0 sm:mb-6 sm:text-lg [&amp;_em]:text-grey-60" data-testid="buyers-guide-paragraph"><b>Real-time notifications</b></p></td><td class="min-w-[100px] p-3 [&amp;_p]:mb-0 [&amp;_p]:break-normal"><p class=" mb-4 text-base text-grey-91 first:mt-0 sm:mb-6 sm:text-lg [&amp;_em]:text-grey-60" data-testid="buyers-guide-paragraph">Receive real-time notifications about equipment failures, breakdowns, or any other critical event.</p></td></tr><tr class="border border-solid border-grey-15"><td class="min-w-[100px] p-3 [&amp;_p]:mb-0 [&amp;_p]:break-normal"><p class=" mb-4 text-base text-grey-91 first:mt-0 sm:mb-6 sm:text-lg [&amp;_em]:text-grey-60" data-testid="buyers-guide-paragraph"><b>Real-time monitoring</b></p></td><td class="min-w-[100px] p-3 [&amp;_p]:mb-0 [&amp;_p]:break-normal"><p class=" mb-4 text-base text-grey-91 first:mt-0 sm:mb-6 sm:text-lg [&amp;_em]:text-grey-60" data-testid="buyers-guide-paragraph">Continuously monitor the data generated by IoT devices to track device performance and stay updated on all developments.</p></td></tr><tr class="border border-solid border-grey-15"><td class="min-w-[100px] p-3 [&amp;_p]:mb-0 [&amp;_p]:break-normal"><p class=" mb-4 text-base text-grey-91 first:mt-0 sm:mb-6 sm:text-lg [&amp;_em]:text-grey-60" data-testid="buyers-guide-paragraph"><b>Extract, transform, load (ETL)</b></p></td><td class="min-w-[100px] p-3 [&amp;_p]:mb-0 [&amp;_p]:break-normal"><p class=" mb-4 text-base text-grey-91 first:mt-0 sm:mb-6 sm:text-lg [&amp;_em]:text-grey-60" data-testid="buyers-guide-paragraph">Collect data from IoT devices and load it into a centralized database to ease the process of data analysis.</p></td></tr></tbody></table>

## What type of buyer are you?

Before evaluating IoT analytics software options, determine what you plan to use it for. Most buyers of the software belong to the following industries:

-   **Manufacturing:** These buyers are manufacturers in industries such as automotive, electronics, and chemicals. They use equipment with intelligent sensors for smart manufacturing. For example, sensors embedded in roads or train tracks can relay ultrasonic and vibrational data in real time, allowing maintenance teams to repair vulnerable sections of the road or track before they get damaged. These buyers need IoT analytics software to improve production efficiency. They should opt for a solution that integrates structured and unstructured quality data from all sources to provide an enterprise view of equipment performance and offer advanced analytics for identifying potential issues even before they occur. These capabilities will allow manufacturers to perform root-cause analysis and take corrective action proactively.
    
-   **Financial:** These buyers include banks and other financial firms that gather large volumes of customer data. They need IoT analytics software to assess risks, predict credit scores, and ensure fraud prevention. For financial firms, IoT analytics solutions can analyze customers’ preference and behavior data in real time to help improve the customer experience, manage risk, and enhance banking security. These buyers should opt for a tool that provides capabilities for data collection, real-time analytics, asset tracking, and real-time monitoring. These features will assist with decision-making and customer experience planning.
    
-   **Retail:** Retail businesses use smart devices to gather location-based information and online customer behavior data, among others, to get a deep understanding of customers’ patterns and preferences. They should select an IoT analytics solution that provides a comprehensive view of customer data using dashboards and interactive visualizations. An IoT platform with automated forecasting and predictive analytics capabilities to create personalized retail experiences for customers would suit the needs of these buyers. The tool should also integrate with multiple online and offline data sources to analyze sensor, device, customer, merchandise, and location information in real time.
    
-   **Healthcare:** IoT analytics software is finding wide use in the healthcare industry, particularly as a means to enhance patient care, prevent diseases, and improve hospital management and administration. The development of health apps and connected medical devices has led to patient-centered analytics functionality that provides alerts in real time and automatically initiates a response when a health problem is detected. Besides patient-centered analytics, these buyers should opt for features such as real-time monitoring of the health data of patients and the performance data of medical devices.
    

## Benefits of IoT analytics software

Implementing an IoT analytics platform has various benefits, including:

-   **Predictive maintenance of equipment:** An IoT analytics solution monitors how your assets and equipment are performing in real time and alerts you about any issues that may arise. It analyzes parameters such as vibration and heat data to check if your assets need maintenance. Data monitoring also lets you predict, plan, and take proactive steps to solve any identified issues.
    
-   **Automation of manual processes:** IoT analytics software helps automate processes that you’d have to otherwise track manually. Features such as automated data ingestion, real-time monitoring, anomaly detection, and IoT data analytics provide a complete view of how your assets and processes are performing. With automation, you can maintain a continuous flow of information, identify bottlenecks, and reduce the risk of human errors.
    
-   **Improved customer experience:** With IoT data analytics software, you can collect and analyze customers’ behavior and preference data to predict their needs in real time. This will help improve operational performance as well as provide a personalized experience to your customers.
    

## Key considerations

Here are a few things to keep in mind when purchasing an IoT analytics platform:

-   **Integrations:** If you’re looking to capture insights from data across your business ecosystem, the software you select should integrate well with your existing systems. Integration functionality will ensure the software captures and analyzes data from all sources, including apps, devices, sensors, or databases.
    
-   **Customer support:** Even in the most user-friendly IoT analytics platforms, it’s not uncommon to face some technical difficulty. If you don’t have a trained IT team to handle issues that may arise while using the software, be sure to evaluate the training and support services the vendor offers, before making an actual investment. The support options may include 24/7 live chat, online case submissions, webinars, or in-person training.
    

## Market trends to understand

Here are a few latest trends in the IoT analytics software market:

-   **Connected events are an emerging field for IoT analytics.** Businesses can leverage IoT technology to gain actionable insights into their audiences’ behavioral and emotional response at [connected events](https://www.softwareadvice.com/resources/iot-data-analytics-use-cases/)—the ones in which large-scale sensor deployments help understand and enhance the experiences of participants—such as sports matches, fashion shows, and exhibitions. At connected events, sensors are used to measure temperature and heart rate from a particular distance, video cameras to monitor motion, and microphones to detect cheering. IoT analytics solutions can analyze the captured data, and the insights obtained can be used for increasing future engagement, improving the effectiveness of marketing campaigns, and boosting brand awareness in social media.
    
-   **The aquafarming industry is leveraging IoT analytics.** [Aquafarming](https://aquaculturemag.com/2018/06/26/the-benefits-of-aquaculture-with-iot-technology/), the cultivation of plants and animals in water, is an emerging area for IoT analytics. IoT analytics solutions are helping aquafarming businesses gain more insights into their harvesting conditions. Businesses are using a variety of sensors to collect big data about the quality of the aquatic ecosystem, including the temperature, nutrients, and oxygen levels of water. These data points can help determine the best practices and optimal conditions for aquaculture.
    

**_Note:_** _The application selected in this guide is an example to show a feature in context and is not intended as an endorsement or recommendation. It has been taken from sources believed to be reliable at the time of publication._

### Related IoT Analytics Software

-   [Artificial Intelligence Software](https://www.softwareadvice.com/artificial-intelligence/)
-   [Big Data Software](https://www.softwareadvice.com/bi/big-data-comparison/)
-   [IoT Software](https://www.softwareadvice.com/iot/)
-   [Predictive Analytics Software](https://www.softwareadvice.com/bi/predictive-analytics-comparison/)