Focus Universal Launches Universal Smart IoT App to Address Industry's High Failure Rates

Focus Universal Inc. has launched its Universal Smart IoT App in both Apple's app store and Google Play's app store, representing a significant advancement in addressing the high failure rates and implementation challenges that have plagued the Internet of Things industry. The IoT market, valued at $540 billion in 2022 and projected to grow to $3.3 trillion by 2030, has been hampered by development costs and technical complexity that have resulted in substantial project failure rates.

Industry surveys reveal alarming failure statistics, with Cisco Systems reporting a 75% failure rate for IoT projects and Microsoft finding that 30% fail at the early proof-of-concept stage. Focus Universal's platform addresses these challenges through a fundamentally different approach that provides a pre-built common foundation for IoT development. Unlike traditional systems requiring custom designs for each device, the company's platform enables different IoT devices to share approximately 90% of the same hardware and software.

The Universal Smart Software Platform eliminates the need for multiple device-specific applications, allowing engineers to support all IoT products through a single platform without sacrificing performance. This streamlined development process significantly reduces costs and improves efficiency, making IoT solutions more accessible to a broader range of organizations. The company's Ubiquitor product exemplifies this efficiency, capable of connecting to any sensor without theoretical limits while driving per-sensor costs toward the cost of sensors alone.

Focus Universal has dedicated over a decade to researching and overcoming IoT implementation barriers, resulting in technology that enables true interoperability across devices. Switching between sensors requires no changes to underlying hardware or software, providing both competitive advantages and cost savings compared to traditional approaches. The platform's availability through major app stores marks a crucial step in the company's full-scale commercialization efforts following two decades of innovation.

Simultaneously, Focus Universal has developed AI-driven SEC financial reporting software that automates the traditionally complex and time-consuming compliance process. The financial reporting software market, valued at $13.9 billion in 2022 and projected to reach $36.6 billion by 2030, faces increasing complexity and compliance costs. The company's solution can process hundred-page SEC financial reports in seconds compared to the traditional Edgarization process that handles only ten pages per hour.

The automated system retrieves financial statements from accounting platforms, reformats data into spreadsheets, generates consolidated financials, populates SEC filings, converts documents to SEC-compliant versions, and embeds accurate tags with minimal manual input. Built-in validation ensures accuracy while eliminating human error, transforming what previously required weeks of manual work into a process completed in minutes. The technology has been demonstrated to industry leaders within the SEC filing and compliance sector, with Focus Universal partnering with industry-leading organizations for real-time testing.