Challenge or opportunity in the IoT
IoT has been growing rapidly, the development of this field has confirmed the important position of technology in life, affirming a new era of technology.
This development offers a great opportunity for many businesses around the world. Leading-edge technology companies such as Cisco Investments, Qualcomm Ventures, and Intel Capital, have stepped up their investments for small Startups, about the IoT field.
Gatner estimates that by 2020 IoT companies will generate $309 billion in annual revenue, half of which comes from startups. But the fact is that the rate of successful startups is very low, about 75% to 90% of companies have failed. The reason for the high failure rate is due to many factors: resource issues, financial issues, etc.
To find out more about the difficulties of startup companies you can read more about this article https://hiq.ai/iot-research-development/
Challenges in IoT research are numerous and the risk of investing in this sector is high, but the “big guys” are still investing in this area. This shows that IoT’s development potential is greater than the challenge it brings.