The importance of payback period in an IoT project Although IoT can be viewed as a long-term investment, the target period for IoT payback should be fairly short due to the magnitude of impact the technology can have on any business.

IoT is taking over every industry, from agriculture and manufacturing to insurance and entertainment. Businesses are exuberantly investing in IoT projects, including pilots, as they realize the benefits of the…

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Here’s how CIOs can ensure a timely payback on IoT projects Planning and executing projects while focusing on IoT payback period will ensure that businesses don’t bleed unnecessary money due to delayed payback while achieving business targets and building momentum for growth.

Expecting your IoT implementation to start paying you back after more than five years could be a big  mistake, and so would be expecting IoT payback overnight. If your IoT…

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