But fine, a tech startup does not sound very specific, so lets narrow down this broad topic.

Why am I giving advice?

Most of them did the same thing wrong which led them to failure.

Don’t waste your time on an IoT startup… unless it’s an MVP first

So let me save you the time youll spend on googling or your own trial and error.

The majority of IoT startups fail because they try too hard to develop a perfect solution.

Why and what to do instead?

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Ill explain in a bit.

But first, lets get one thing out of the way…

It’s free, every week, in your inbox.

How do I know that my idea is from an IoT domain?

For example, in logistics, it might be critical to track the location of goods in real-time.

Basically, what youll see will be a digital representation of your products.

Hardware

Hardware is the first layer of IoT solutions.

It includes a variety of devices depending on their purpose.

Most often they are sensors connected to the things youd like to track.

Sensors are a staple of IoT projects.

Their main job is to collect data from or about these things and send it to the IoT platform.

Various smart wearable devices are also examples of hardware in IoT.

At the MVP stage of your project,do notinvest in custom-made hardware.

Choose from options available online, even if they are not 100% perfect.

They can be wireless like WiFi or LTE.

Ill give a piece of similar advice regarding IoT platforms use open-source platforms with quick setup.

program

A software program is the last layer of an IoT solution, an end-user layer.

By this point in the article, you might guess what my advice is going to be.

Thats right,do notinvest in the custom development of your software app.

Choose an open-source IoT platform and build your app on top of it using their ready-made templates.

Then consult trusted IoT experts or vendors with relative experience.

Just check that you do it right.

Story byIvan Muts

Ivan co-founded Euristiq, a software development company.

He is passionate about IoT and the latest technology trends.Ivan co-founded Euristiq, a software development company.

He is passionate about IoT and the latest technology trends.

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