Short-term, Mid-term, and Long-term Perspectives for Custom Solutions
My customers often analyze the potential of employing custom IoT solutions for businesses. The decision to invest in building them is not a simple one. It requires careful consideration of short-term, mid-term, and long-term aspects and operational capital management.
Short-term Reasoning
In the short-term, investing in custom IoT solutions may not be the most cost-effective approach. The upfront investment required to develop a custom solution can be substantial, and the benefits may not be immediately apparent.