This article presents a new scheme for data optimization in IoT assister sensor networks. The various components of IoT assisted cloud platform are discussed. In addition, a new architecture for IoT assisted sensor networks is presented. Further, a model for data optimization in IoT assisted sensor networks is proposed. A novel Membership inducing Dynamic Data Optimization (MIDDO) algorithm for IoT assisted sensor network is proposed in this research. The proposed algorithm considers every node data and utilized membership function for the optimized data allocation. The proposed framework is compared with two stage optimization, dynamic stochastic optimization and sparsity inducing optimization and evaluated in terms of performance ratio, reliability ratio, coverage ratio and sensing error. It was inferred that the proposed MIDDO algorithm achieves an average performance ratio of 76.55%, reliability ratio of 94.74%, coverage ratio of 85.75% and sensing error of 0.154.