Challenges Deterrent to IoT Startups in 2016
Power consumption and Data transfer
It is pretty evident that the data gets transferred from one device to the other because of the interconnectivity of the devices. This implicates a constant flat signal, whereas there is a steep hike in the bandwidth and the power consumption. It is not an easy task for the startup owners to spend huge capital for power requirements. The IoT technology is closely related to the sharing, storing and utilization of data. The devices connected to each other and on the cloud include a vast array of data which is subsequently stored on the cloud in larger volumes. The maintenance of this on-cloud data involves significant additional expenses, making it all the more difficult for the entrepreneurs to capitalize on the idea.
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