A system and method in accordance with the present invention provides an enablement platform for building web-based applications for capture, analysis and use of device data using computing resources and data storage and management capabilities of hosted web services. The enablement platform works in two steps: first, for creating new instances of compute resources at a hosted service by collecting the required information and feeding it to the necessary hosted services pages; and second, for developing production-ready web-based applications for capture, analysis and use of data from M2M devices. In an embodiment, the application is used with a web-based hosted data storage, management and publication service. First step is a single page application running at a website that collects all of the required information and feeds it to the necessary hosted services pages in the background. The second step helps users to develop production-ready M2M applications using an Application Programming Interface (API) and easy to use software components (widgets) provided on an “out of the box” basis at the application specific user interface.