Yonomi has a new idea for smart home manufacturers
One of the biggest challenges facing the makers of connected devices is figuring out how to pay for a product that they sell once, but which has an ongoing cost. Every connected device requires cloud infrastructure, developers to continue updating apps, security updates and customer support.
So a device that sells for a one-time cost of $200 might end up costing the manufacturer $3 per year to support. That may not seem like much, but if the company sells 10 million of those devices, then suddenly they have a $30 million ongoing cost for the lifetime of that device. Read more…
