Internet of Things (IoT) is here, and it is here to Stay!
The prevalence of Internet of things can be dated back to as far as 1999. Though many people overlooked it back then, today we live in a new era of data connectivity that far surpasses anything we’ve seen emerge from the ubiquity of mobile devices — a mind-blowing potential for consumer and enterprise innovation. IoT is considered to be the Next-Gen of Mobile App Development.
IoT is the current hot topic of discussion, every firm around the world, even the fortune 500 companies are strategizing about how they can benefit from the increased data networking. They are on a crusade to “add IoT” to their current products or innovate with new products and services they cater to their customers.
Even when companies are looking to bring in innovative IoT implemented applications, the primary concern in the minds of most of these companies is the Cost involved. The amount of investment they need to put in anticipation of the return on investment(ROI).Lack of knowledge and understanding of how to sync the efforts of App development in line with the company requirements is precisely the reason for these cost-related concerns and hesitance.
So, today we have narrowed down the factors affecting the cost of IoT app development very concisely into 3 major categories,
This blog help clients plan technology-driven strategies better by understanding the cost involved in getting an IoT integrated app developed.
Many factors affect the cost of development of an IoT app. Among them, the following three are the most impactful ones:
App type and its complexity:
Before deciding the budget of the project, the most crucial task is to decide the idea around which the app needs to be developed. The ultimate objective of developing the app should be clearly defined- What the Application is going to cater? How would it work? What is the unique feature of the app? How to overcome the various hurdles? What is the targeted group of audience? What platform should the project What would the different milestones of development and so on? By spending the right amount of timing in laying this groundwork, it becomes easier for the developing team.
The cost of IoT App development escalates in direct proportion to the number of features and the complexity of implementation of the project.
IoT App development faces many challenges since it features endless sensors, networking chips as well as other things which ensure the data transmission.
Time and labour Requisition:
The three main stages of IoT App developing are designing, developing and implementing. Each of which takes an adequate amount of time and workforce. On the whole, developing an IoT Project consumes 1200-1500+ hours or even more.
The innovations and the complexity of the project define the strength of the team developing the project.
A primary team comprise of
>1 Quality Check engineer, and
>1 project manager.
However, in case of a complex project, a much-extended team need to be assigned comprising of
>1 business analyst
>3 or more backend developers,
>1 administrator and
Design and platform implemented:
The next question that arises is the design and platform to build the app on- whether only an iOS version is required or both iOS and Android.
Comparatively iOS apps are much convenient for developers since the testing of the project is easier as Apple only has few variations of OS and screen sized whereas Android apps require much testing because of the extensive varieties of devices with various operating systems, screen sizes are available in the market. Majority companies prefer cross-platform development for a much significant user base.
Talking about the design of the application, the entire work can be summed up into the following 3 steps:
Step1: Analyzing the target audience, and functionality.
Step2: Prototyping the UI/UX and Interface Design
Step3: Adding the Visuals which includes the Application’s Logo, Icons and so on.
There are various minor other factors which can affect the cost of development depending upon the requisites of the project:
>Third-party API integration
>Content Management System (CMS)
Considering all the parameters mentioned above affecting IoT development, different IoT application development companies estimate the cost of development.
aQb Solutions exclusively serves organizations and service-oriented firms seeking to build sustainable and cost-effective IoT systems.