How Much Does It Cost To Develop An IoT App?

The term Internet of Things has become a part and parcel of our lives. It is no longer restricted to the tech geeks rather IoT is now known to be famous and affordable by each one in the society. The trends in the market clearly show us that most of the companies have already adopted the internet of things technology for better opportunities and growth in their business. IoT is now being implemented by various sectors like healthcare, transportation and logistics, water, hospitality and many more.

The reports say that in the year 2016, around $235 billion was invested by companies in the internet of things technology and since then the numbers have kept increasing.

Internet of things has already proven to be a field of opportunities, growth and new investments. Before we step into this world of automation and technology, it is important for us to know the cost involved in developing an IoT app and through this article, we will try to make it simple for you to understand the monetary part of developing an IoT app.

There are few criteria which must be kept in mind before commencing the work of an IoT app and they are as follows:

• Challenges: IoT, in arguably lays plenty of opportunities to different businesses but it is also surrounded by several challenges and threats considering the fact that IoT also gives birth to a number new tools and technologies which constantly need to be scrutinized. There are a couple of other social media and geolocation technologies which take the maximum time and money to be developed. Thus, it is important for us to know and understand our requirements clearly as it becomes easy to develop an app.

• Time taken: The features involved in an app, the size of the project along with the team of developers will decide the time and duration for developing an app. For example, if an app has fewer features in it and the project size is small then the time taken for developing an app will be less and if an app has complex features in it and requires more number of developers then the duration of developing an app will comparatively be more. The developers and experts can brief you about the estimated time for developing an app depending upon the factors such as geolocation, sync, API and many more.

• Efficient Team: Experienced developers having in-depth knowledge about IoT application development are involved in developing an app. The team strength will purely depend on the size of the project and its complexity. Once the designing and developing of an app is completed then you will also require a team of IT experts who will help you with the testing and implementation of the app as these two processes consume the maximum time for developing an app. This phase of developing an IoT app is guided by various factors such as responsiveness, licensing, security of the app, estimated cost and many more.

• Maintenance: The process of app development does not stop at the implementation stage, it is much beyond that. You must ensure that the apps can be updated as and when required and also new features are comfortably adopted by the app. The team of developers must develop an app in such a way that any upgradations and amendments do not consume more time as it will lead to higher maintenance cost. Further, the cost of maintaining an app varies from country to country depending on factors such as project size, number of developers involved and the tools used in developing an app.

Summary:

As discussed in the above-mentioned criteria, the cost of developing an IoT application depends on various factors such as the size of the project, the strength of the team, tools and technologies used, various threats involved, security and privacy of an app and many more. However, the standard cost of developing an IoT application ranges from $18000 to $30000 approximately.

How can IoT help in Water Management System?

The Internet of Things is associated with almost every luxury in our life ranging from smart cities to smart homes, traffic management system to transportation and various other fields. Water Management System is one such field which is highly impacted by the Internet of Things. It is definitely challenging to ensure the proper utilization of water, but proper implementation of IoT technology in Water Management Systems will surely make our lives convenient and conserve our valuable resources.

According to United Nations Development Program, water scarcity is caused mainly because of the poor management of the resource. It is believed that almost half of the world population will face water scarcity by 2025 which clearly indicates that water will be a valuable resource in near future.

Let’s dive deep to find out how IoT can benefit the water industry

• Water Conservation- It is important for reservoirs and overhead water tanks to have sensors and equipment which are specially designed to display the level of water present in it. With the help of these sensors, the water level in the reservoir or the overhead tank can be sent to server at regular intervals to calculate the amount of water used on a daily basis. This entire process of determining the water level in the reservoir and then reflecting it on to the main server will surely help in conserving water.

•  Smart Irrigation- Presently, we see a huge amount of water getting wasted during the irrigation process. This is because the process of irrigation is scheduled automatically at a particular time irrespective of the weather condition and moisture present in the soil. This problem of water wastage can be tackled with the use of IoT. IoT sensors can determine the weather condition and the soil moisture which will help in getting the right amount of water at appropriate time to the desired place.

• Smart Water Management- Water conservation is one of the essential aspects in water management, specifically in urban areas, where keeping a record of water consumption is extremely challenging. This issue can be solved using IoT which will keep a record of people using water on a particular day. We can analyze the data and the weather condition of that day to determine the amount of water consumed by the people on a particular city. This will surely help the water authorities manage the flow of water in much more effective manner.

• Waste Water Management- The biggest challenge in water management is to monitor water levels, leakages, water quality and the flow of water through different channels. IoT can come to our rescue in all these areas. Sensors installed at various places in the water system can detect the temperature changes, water leakage, chemical leakage, and pressure level in it. These sensors will then collect the information and send it to the main server.  This will ensure that the service engineers solve the issues quickly. Another advantage of IoT in water (waste water management) is that it can detect and calculate the amount of chemical residue present in the water.

• Water Quality Testing and Analysis- The internet of things can be used for measuring and monitoring the data captured and drawing real-time analysis of water testing in industries like manufacturing, energy etc. IoT can also be used for public utility companies in the field. The readings are provided to the end users with the help of water testing meters and sensor devices. The end user can get information like Total Dissolved Solids (TDS), Bacteria, Chlorine, Electrical conductivity, etc. This will help in accessing the real-time, accurate quantification of results and will also provide the ability to pinpoint the problem areas.

This is just the beginning of Internet of Things and we firmly believe that the advantages of IoT will keep expanding in every domain. Through IoT sensors, not only can we conserve valuable resources but also meet demands of the people adequately and make our lives convenient. Most of the companies have already adopted IoT based services after knowing the issues related to water management.

Author Bio-

      Prija Rangnekar is a senior executive and leader in IoT solutions, providing IoT app Development in the field of automotive, water, hospitality, transportation