The sensor is cheap. The lifecycle isn’t.
There is a slightly uncomfortable truth about IoT procurement: the easiest number to calculate is usually the least interesting one. The price of the sensor is printed in the quotation. Multiply that by 500, 1,000 or perhaps 10,000 devices, add connectivity and installation, and the result looks like a business case. It is concrete, comparable and easy to put into a spreadsheet. What is much harder to calculate is what happens afterwards.

