From the asset tracking to compliance, IoT holds vast potential for the enterprises. But enterprises are still evolving in the uses of IoT technology. So every enterprise has this question how to implement IoT cost-effectively?. Here I have listed down the 6 cost-effective ways to implement IoT technology in the enterprise.

  1. Implement the current technology rather than waiting for the better one
  2. Start from the basics and scale up as you need
  3. Deploy and make the dumb things smart
  4. Use low-cost networks
  5. Balance the cost vs security
  6. Keep an account of all the value IoT provides