Building a working IoT platform (software or hardware) will take years and millions of dollars. On top of all that development cost, you need to add support and maintenance costs. As you gain traction in the market, your focus will shift from product-market fit, into the pursuit of profitability. That is the time to invest in custom hardware for miniaturization, reduced cost of the bill of materials (BOM), longer battery life, better supply chain agreements, improved serviceability, etc. Think of […]
Software development