How expensive is IoT?

Great question! The cost of IoT can vary greatly depending on the scale and complexity of the system being implemented. On a smaller scale, such as setting up a smart home with connected devices, the cost can be relatively low, with prices ranging from a few hundred to a few thousand dollars. However, for larger-scale implementations, such as smart cities or industrial IoT networks, the cost can skyrocket into the millions or even billions of dollars. Factors that can influence the cost of IoT include hardware costs, such as sensors and other devices, software costs, such as development and integration fees, and the ongoing costs of maintaining and managing the system. Additionally, the cost of connecting devices to the internet and ensuring their security can also add up. So, in summary, the cost of IoT can be expensive, but it ultimately depends on the specific needs and requirements of the system being implemented.