IoT Design Considerations: Cost
Connecting products to the Internet of Things (IoT) is essential to manufacturers looking to stay competitive within their industry. Adding IoT capabilities allows the manufacturer to stay connected with their customer, while discovering new product uses and applications that open them up to new revenue streams. However, these added benefits come with a cost. Connected devices come with a higher manufacturing overhead, but may also be sold with a bigger price tag.
Wi-Fi and Ethernet connections can be added to products for less than $10 in bill of materials costs. Other technologies, such as ZigBee, Z-Wave and Bluetooth, can be added for a lower price, but may require a separate bridge to connect to the Internet and access Cloud services.
To download the complete Internet of Things Design Considerations White Paper, click here.