Intelligent mechanism to identify and manage cost of IoT device lifecycle

A computer-implemented method and system for managing IoT device lifecycle for IoT devices using cellular or wireless networks are disclosed. The method includes receiving network usage information for one or more devices operating on a cellular network; storing network usage information for the one or more devices operating on a cellular network; analyzing the stored data network information for the one or more devices as historical network usage information for each of the one or more devices operating on a cellular network; determining which of the one or more devices have not used cellular network for a pre-determined period of time, where the pre-determined period of time is learned based on the historical network usage information, or provided as one or more static threshold parameters; and recommending lifecycle changes for each of the one or more devices that have not used cellular network for the pre-determined period of time.