Focus Universal Launches Universal Smart IoT App to Democratize IoT Development

Focus Universal Inc. has launched the Universal Smart IoT App in both Apple's app store and Google Play's app store, representing a significant advancement in addressing the longstanding challenges facing Internet of Things adoption. The IoT market was valued at $540 Billion in 2022 and is projected to grow to $3.3 trillion by 2030, with a CAGR of 26.1%, yet industry surveys reveal that a majority of IoT projects fail, with Cisco Systems reporting a 75% failure rate and Microsoft finding that 30% of IoT projects fail at the early proof-of-concept stage.

The company's platform provides a pre-built common foundation that allows different IoT devices to share approximately 90% of the same hardware and software, substantially reducing development costs and complexity compared to traditional IoT systems where engineers typically start from scratch for each new device. This unique approach not only accelerates time-to-market but also democratizes access to IoT solutions that have historically been limited by high development costs and technical complexity.

Further enhancing this ecosystem is Focus Universal's Universal Smart Software Platform, which eliminates the need for multiple device-specific applications. Engineers no longer need to build separate apps for each IoT product as the company's platform supports them all without sacrificing performance or functionality. This streamlined app development process significantly cuts costs and improves efficiency, allowing the company to offer its IoT platform to customers at a fraction of the cost required to develop custom solutions.

One of the company's revolutionary products, the Ubiquitor, exemplifies this efficiency by connecting to any sensor without theoretical limit. As more sensors are added, the average cost of the Ubiquitor per sensor becomes negligible, resulting in an effective cost that approaches the cost of the sensors alone. When used in conjunction with the company's universal platform, the total development cost represents a fraction of conventional approaches, offering substantial savings in both raw materials and engineering time.

Additionally, Focus Universal's AI-driven SEC financial reporting software addresses another complex, costly process. The Financial Reporting Software Market was valued at US $13.9 Billion in 2022 and is projected to grow to US $36.6 Billion by 2030, at a CAGR of 12.8%. The company's fully automated, end-to-end solution powered by both automation and Variegated AI enables what once took weeks of manual work to be completed in minutes through a single-click process that retrieves financial statements, reformats data, generates consolidated financials, populates SEC filings, and converts documents to SEC-compliant versions via EDGARization.

The company's technology represents a potential turning point for an industry struggling with implementation challenges, offering both interoperability across devices and significant cost reductions that could accelerate IoT adoption across multiple sectors.