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The Internet of Things (IoT) or the network of physical devices, vehicles, home appliances, and other items embedded with software, sensors, and network connectivity which enable these objects to connect to each other and exchange data, presents a huge opportunity for businesses as well as huge risks.
An IoT "Platform as a Product" (or "PaaP") framework enables you to build IoT products with usage-based pricing without paying PaaS fees to a provider.
Smart home business models are evolving rapidly through the development of new IoT products and services. New data processing paradigms are emerging.
Twenty years ago, the Internet created a gold rush of ideas, opportunities, and new businesses. The news was filled with stories of a new world to be built. Everybody had a...
The subscription model makes sense from the business perspective, but as the Internet of Things continues to proliferate we might need a new model.
The best way to start on your IoT journey is with a small project that can generate immediate payback. If your organization’s leaders see that a small IoT investment pays off, they’ll be more willing to invest in larger, more strategic IoT implementations.
These solutions, often built on a cloud-based infrastructure, create opportunities for new business models and value delivery methods. While many IoT solutions are sold as a “product”, many vendors are now beginning to offer IoT “as-a-service”.