The Internet of Things impacts every industry, including manufacturing, healthcare and education. However, it costs no less than $ 50 thousand to build a smart gadget. While IT tycoons can easily buy another IoT startup for $ 3 billion, half of US small businesses still don’t have a website. How will the Internet of Things affect small business? What are the reasons to embrace IoT before it’s too late? Read on to find out!
The Internet of Things: 5 opportunities for entrepreneurs
That being said, small businesses cannot compete with Amazon and Google. The latter, for example, acquired Nest for $ 3.2 billion and went on to invest $ 1 billion in various projects involving Artificial Intelligence, robotics and driverless vehicles. How can you possibly enter the Internet of Things market with no multi-million dollar capital?