How spending on the Internet of Things saves you money

The IoT revolution comes with many benefits. Chief among these is how inexpensive IoT devices can be. But reaping the benefits of IoT requires that those devices also be small and energy efficient, enabling a great many of them to be deployed. Some of them must also be efficiently battery-powered, which means minimizing on-board processing capabilities.

Many IoT devices are small, inexpensive and good at one or a small number of tasks, including the collection of sensor or location data. They should also be good at offloading that data for further processing. And that's where the power of MEC and 5G come in for the future of IoT.

IoT devices can generate tons of data. Two of the benefits of IoT devices are low power consumption and low cost. By enabling low-latency processing of this data at the edge instead of on the devices or in the cloud, IoT solutions can remain flexible, and the devices themselves can:

  • Remain inexpensive.

  • Operate with minimal maintenance.

  • Use smaller, cheaper and long-lasting batteries.

Ultimately, all that means the whole operation can be made more cost-effective. Here’s everything you need to know.

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