Earlier quoted context omitted.
So possibly a good fit for IoT.
No. It depends on the IoT application. The one I'm involved with (smart metering) produces data at regular 15 minute periods 24/7. This is a very predictable and constant traffic load and not at all suitable for serverless/lambda. In fact, its the complete opposite. Many IoT applications are very predictable (anything with regular sensor-readings for example or with repeatable patterns such as people returning from w…
So the patterns are (obviously) predictable, but the 'dynamic range' of the load is extremely wide, ranging from stampedes on the cardinal points of the clock face (0/15/30/45 min) to crickets the rest of the time. Some form of elasticity is required unless you are willing to pay for idle servers sized for the episodic peaks.