Cost of Internet of Things (IoT) Prototype Implementation
To build an Internet of Things prototype, you’ll need 4-10 weeks on average. However, the process may take longer depending on the project’s parameters: complexity, features and design specifics, number of developers, and their expertise.
Building IoT prototypes can give you a huge boost for the project’s successful deliverables, as it gives a better understanding of the hardware, software, and mobile application itself providing early feedback from the end users and more data about the project itself.
Apart from cost reduction and time optimization, this data helps to enhance multiple aspects of IoT product development, helping it to become more useful for users and profitable for business owners.
- Utilize ready-made hardware solutions and assemble the device prototype from available components.
- Don’t produce a large batch of devices from the start; begin with a pilot version and collect feedback and initial “field” bugs.
- Avoid ordering casing manufacturing; opt for 3D printed casings instead.
- Don’t diversify into a range of devices; manufacture a single version with the highest potential that caters to the needs of the majority of users.
- Use existing IoT platforms for the prototype to test hypotheses.
- Conduct a competitive and market analysis, and focus on your Unique Selling Points (USPs).
To be able to correctly evaluate the results of the IoT prototyping process, it’s essential to set up clear objectives and review how the created prototype delivers value to both customers and your business: increased efficiency, improved budget spending, enhanced user experience, and more.
For this reason, Webbylab recommends creating the KPIs for your IoT prototype, ensuring they’re addressing multiple aspects in terms of value, usability, security, etc.
In most cases, the IoT prototyping stages are similar, as they cover only the basic functions of your potential product. To successfully prototype an IoT device, the key steps cover considering the requirements, choosing the suitable hardware, selecting the right tech stack, and software development (alpha phase, beta phase, and pilot production of an IoT prototype).
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