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The what, why and how of IoT business models

The deployment of the Internet of Things (IoT) has transformed niche organizations across various industries. Besides, IoT products provide a platform to generate new and innovative business models. These IoT business models have opened the doors for new business opportunities and revenue streams for enterprises to derive business value.

“The Internet of Things has “a total potential economic impact of $3.9 trillion to $11.1 trillion a year by 2025.” – McKinsey & Company

In this white paper, you will learn types of IoT business models and how an enterprise can monetize their business using them.

  • An introduction to business models in the IoT era
  • Types of IoT business models
  • Key challenges in monetizing IoT
  • Some early adopters of IoT business models
  • Conclusion

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