IoT running costs
IoT device generates a running cost for the service provider.
That fact is often overlooked by companies during PoC verification. In the long run, a connected device might cost more to operate than the income it generates for its provider.
At a minimum, every connected device requires:
connectivity to send telemetry data to a backend system processing capabilities of a backed system to analyze the telemetry data storage capabilities of a backend system to store data personnel to support customers and maintain backend infrastructure Depending on the specific service/product, the above cost factors may differ.