Build or Buy

The New Bill of Materials (BOM): A Complete Picture of IoT Economics

Connected product development requires a holistic view of costs and resources. Our guide breaks down all the costs beyond the bill of materials and gives you a framework to factor these into your budget, whether building in-house or partnering with products like Blues. These costs include: 

• Getting devices up and running in the field – The costs of provisioning and deployment  
• Maintaining robust security – Ongoing investments required to protect your devices  
• Cloud platform management – The resource-intensive reality of device orchestration  
• Testing and certification – Navigating the complex regulatory landscape  
• Fulfillment and deployment – Strategic considerations beyond shipping  
• Personnel resources – The true cost of your team’s time across the product lifecycle 

Download the guide to explore each area in depth and make an informed choice between building your connectivity system or integrating a ready-made product. 

Access the Whitepaper to Explore

• Why development costs for enterprise-level IoT products routinely reach $200,000+  
• A deep dive into the six critical cost categories most companies overlook until it’s too late  
• Real-world case study: How Evexia Telehealth overcame connectivity challenges to bring critical healthcare monitoring to underserved Caribbean communities 

Whether building your connectivity system in-house aligns with your core competencies or purchasing a ready-made solution like Blues better serves your business goals, this whitepaper provides the framework to make that strategic decision with confidence. 

Access the whitepaper to get informed on your options.