As seasoned investors in several Internet of Things (IoT) businesses, we’ve learned a thing or two along the way from some highly impressive and successful entrepreneurs. The teams behind the businesses we work with are very diverse, and yet they share some core skills and approaches.
Here, then, are the skills we think you need to bring together in order to run a successful IoT business…
The IoT is built on connectivity. Whichever industry you are operating in, whether your IoT offering is aimed at businesses on consumers, whether you are in the hardware or software business – connectivity will still need to be a core specialism. This means that your business needs experts in network design and management, and a broad understanding of networking protocols, standards and technologies.
Tern plc (LON:TERN) backs exciting, high growth IoT innovators in Europe. They provide support and create a genuinely collaborative environment for talented, well-motivated teams.