As IoT matures, organisations are becoming savvier and now understand that the lowest-priced solution – whether for connectivity, modules, or apps – could end up being the most expensive if you don’t take cost factors beyond the price per megabit into consideration. Increasingly, the focus is turning to the total cost of ownership (TCO) for IoT deployments. Organisations want to understand and control their total costs rather than simply going to market for the cheapest headline price.

Organisations are, therefore, looking at the entire equation, wanting to know the costs of connectivity, upgrades, and devices across their complete IoT estate, as well as into the future, as it scales up into mega-volumes of devices. This imperative to lower TCO cuts across all of IoT, regardless of where your IoT devices are or how many units are involved. The good news is there are multiple ways to reduce costs – if you know where to look.

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