Starting an IoT business involves 7 logical steps:
Identify a problem that you want to address with your solution.
Choose an optimal IoT platform.
Build an MVP.
Test market acceptance and gain stakeholders’ approval.
Create an IoT solution.
Promote your IoT product.
Ensure 24/7 support and maintenance.
Many businesses prefer to build in-house IoT platforms integrating sensors, gateway devices, communication networks, data analytics software and application interfaces. If pre-build options are not for you, partner with a reliable developer to build your custom IoT platform.