The big difference to comparable IoT platforms and DIMO is that DIMO is cross-OEM, open, scalable, and user driven. Traditional device manufacturers use proprietary in-house or off the shelf solutions which limit interoperability and most importantly limit applications that can be built on the hardware. Just look at silo-ed and frustrating home IoT space!
The IoT device market is expected to reach 29 billion devices by 2030. You probably already own a variety of these devices and currently login through your email, or a device specific account to manage them. During this time you have probably also noticed that devices from one manufacturer do not usually work very well with devices from other manufacturers.
You’ve also noticed that whenever the manufacturer has a cloud outage, your devices do not work, and they also charge you for access to your own data. And worst of all, the devices that manufacturers decide to deprecate become paperweights.
The DIMO team has spent a significant amount of time building connected vehicle products and services, and believes that sufficient decentralization and user control can create a much better relationship between people and their connected devices — particularly when those devices are making increasingly important decisions about how people consume energy, and drive around at high speeds on public roads.
By joining the network, both network participants and OEMs start to benefit from network effects. As adoption grows, the above points become stronger, a shared standard is formed across industries, and a lot of useful content becomes available from a single source.
We want to live in a world where people can trust machines, with the ability to own device identity and access to their data is the first step.